---
title: Mondelez (MDLZ) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/mdlz
ticker: MDLZ
as_of: 2026-10-17
sector: Consumer Defensive
industry: Food Confectioners
---
# Mondelez (MDLZ)

Mondelez (MDLZ) closed at $63.91 on Oct 16, 2026, overvalued by 88% vs its model value of $34.05 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $63.91 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $34.05 |
| Price vs model | overvalued by 88% vs model |
| Range of that model | $15.29 – $99.94 |
| Market value | $81.6B |
| P/E (fiscal 2025) | 33.8 |
| Net margin (fiscal 2025) | 6.4% |
| Free cash flow (fiscal 2025) | $3.2B |
| Dividend yield (trailing twelve months) | 3.16% |
| Beta | 0.39 |
| Cost of capital (WACC) | 6.76% |
| Business classification | Dividend Payer (Low/slowing growth (~3% recent), Moderate margins (6% net margin), Strong dividend yield, Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Near 52-week highs | #45 | −1.7% | https://sweetvaluelab.com/lists/near-52-week-highs |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 3.16% |
| Dividends per share, last 12 months | $2.02 |
| Dividends / free cash flow (fiscal 2025) | 76.9% |
| Raised | 12 years in a row |
| Growth over 5 years | 9.3% a year |
| Latest payment | $0.52, ex-date Sep 30, 2026, paid Oct 14, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 29, 2021 | $1.30 |
| To Sep 29, 2022 | $1.44 |
| To Sep 28, 2023 | $1.58 |
| To Sep 30, 2024 | $1.75 |
| To Sep 30, 2025 | $1.91 |
| Trailing twelve months (to Sep 30, 2026) | $2.02 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $34.05 | $15.29 | $99.94 |
| DCF · Perpetuity growth · 10y | cross check | $34.89 | $16.76 | $99.28 |
| DCF · EBITDA exit · 5y | cross check | $38.91 | $23.30 | $57.34 |
| DCF · EBITDA exit · 10y | cross check | $38.94 | $22.82 | $60.56 |
| P/E · peers | cross check | $50.49 | $42.52 | $57.26 |
| P/E · own history | cross check | $51.82 | $47.74 | $80.22 |
| PEG | sanity check | $62.48 | $62.48 | $62.48 |
| EV/EBITDA · peers | cross check | $39.52 | $27.53 | $47.01 |
| EV/Revenue · peers | cross check | $52.78 | $0.00 | $79.28 |
| Earnings power value | cross check | $29.45 | $21.44 | $42.02 |
| Dividend discount | cross check | $52.89 | $34.54 | $96.56 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($8.6M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 2, 2026 | Zaramella Luca | EVP & Chief Operating Officer | Option/RSU exercise | 22,570 | $975,024 |
| Sep 2, 2026 | Zaramella Luca | EVP & Chief Operating Officer | Tax withholding | 18,695 | $1.2M |
| Sep 2, 2026 | Zaramella Luca | EVP & Chief Operating Officer | Option/RSU exercise | 22,570 | $0 |
| Aug 19, 2026 | Van de Put Dirk | Chief Executive Officer | Option/RSU exercise (10b5-1 plan) | 133,580 | $5.6M |
| Aug 19, 2026 | Van de Put Dirk | Chief Executive Officer | Open-market sell (10b5-1 plan) | 133,580 | $8.6M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Jul 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1103982/000162828026050179/mdlz-20260630.htm |
| Jul 28, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1103982/000162828026050157/mdlz-20260728.htm |
| Jun 18, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1103982/000162828026044384/mdlz-20260615.htm |
| May 26, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1103982/000162828026038064/mdlz-20260520.htm |
| Apr 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1103982/000162828026027937/mdlz-20260331.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bill Nygren | 2026-06-30 | 5,520,536 | $319.3M |
| Lindsell Train | 2026-06-30 | 2,565,453 | $148.4M |
| Bridgewater | 2026-06-30 | 75,420 | $4.4M |
| Dodge & Cox | 2026-06-30 | 11,840 | $684,826 |

5 tracked managers in all.

## About

Mondelez International, Inc. operates as a prominent global entity in the snack and beverage sector, focusing on the production, promotion, and distribution of a wide array of food items. Its extensive reach spans multiple continents, including North America, Latin America, Asia, the Middle East, Africa, and Europe. The company's diverse product portfolio encompasses biscuits (such as cookies, crackers, and various savory snacks), chocolates, chewing gums, candies, as well as selection of cheese and general grocery products, and powdered beverage mixes. Among its well-recognized brands are Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; Trident chewing gum; and Tang powdered beverages. Mondelez distributes its offerings through a comprehensive network of retail outlets, catering to a broad spectrum of clients including large supermarket chains, wh…

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Source: https://sweetvaluelab.com/stocks/mdlz (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.