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Mondelez International

Nasdaq:MDLZ
Snowflake Description

Proven track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MDLZ
Nasdaq
$73B
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

Mondelez International, Inc., through its subsidiaries, manufactures and markets snack food and beverage products worldwide. The last earnings update was 74 days ago. More info.


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MDLZ Share Price and Events
7 Day Returns
0.5%
NasdaqGS:MDLZ
-0%
US Food
-0.1%
US Market
1 Year Returns
26.6%
NasdaqGS:MDLZ
0.7%
US Food
7.6%
US Market
MDLZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mondelez International (MDLZ) 0.5% 2.5% 15.7% 26.6% 18.5% 41.4%
US Food -0% 3.2% 4.5% 0.7% -9.3% 20.5%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • MDLZ outperformed the Food industry which returned 0.7% over the past year.
  • MDLZ outperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
MDLZ
Industry
5yr Volatility vs Market
Related Companies

MDLZ Value

 Is Mondelez International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mondelez International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mondelez International.

NasdaqGS:MDLZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:MDLZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.542 (1 + (1- 21%) (25.72%))
0.767
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:MDLZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mondelez International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:MDLZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 3,035.55 Analyst x6 2,823.82
2020 3,168.47 Analyst x6 2,741.88
2021 3,112.00 Analyst x1 2,505.18
2022 3,098.29 Est @ -0.44% 2,320.17
2023 3,114.11 Est @ 0.51% 2,169.36
2024 3,150.75 Est @ 1.18% 2,041.79
2025 3,202.50 Est @ 1.64% 1,930.57
2026 3,265.55 Est @ 1.97% 1,831.27
2027 3,337.29 Est @ 2.2% 1,740.97
2028 3,415.95 Est @ 2.36% 1,657.71
Present value of next 10 years cash flows $21,762.72
NasdaqGS:MDLZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $3,415.95 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$73,599.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $73,599.18 ÷ (1 + 7.5%)10
$35,716.52
NasdaqGS:MDLZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $21,762.72 + $35,716.52
$57,479.24
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $57,479.24 / 1,445.75
$39.76
NasdaqGS:MDLZ Discount to Share Price
Calculation Result
Value per share (USD) From above. $39.76
Current discount Discount to share price of $50.36
= -1 x ($50.36 - $39.76) / $39.76
-26.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Mondelez International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mondelez International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mondelez International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MDLZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.30
NasdaqGS:MDLZ Share Price ** NasdaqGS (2019-04-23) in USD $50.36
United States of America Food Industry PE Ratio Median Figure of 41 Publicly-Listed Food Companies 21.85x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mondelez International.

NasdaqGS:MDLZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MDLZ Share Price ÷ EPS (both in USD)

= 50.36 ÷ 2.30

21.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mondelez International is overvalued based on earnings compared to the US Food industry average.
  • Mondelez International is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Mondelez International's expected growth come at a high price?
Raw Data
NasdaqGS:MDLZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
4.6%per year
United States of America Food Industry PEG Ratio Median Figure of 30 Publicly-Listed Food Companies 1.91x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

NasdaqGS:MDLZ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.93x ÷ 4.6%

4.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mondelez International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mondelez International's assets?
Raw Data
NasdaqGS:MDLZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $17.67
NasdaqGS:MDLZ Share Price * NasdaqGS (2019-04-23) in USD $50.36
United States of America Food Industry PB Ratio Median Figure of 71 Publicly-Listed Food Companies 1.97x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NasdaqGS:MDLZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MDLZ Share Price ÷ Book Value per Share (both in USD)

= 50.36 ÷ 17.67

2.85x

* Primary Listing of Mondelez International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mondelez International is overvalued based on assets compared to the US Food industry average.
X
Value checks
We assess Mondelez International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Mondelez International has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MDLZ Future Performance

 How is Mondelez International expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mondelez International expected to grow at an attractive rate?
  • Mondelez International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Mondelez International's earnings growth is positive but not above the United States of America market average.
  • Mondelez International's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MDLZ Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:MDLZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 4.6%
NasdaqGS:MDLZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 2.3%
United States of America Food Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
United States of America Food Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:MDLZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MDLZ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 29,928 1
2022-12-31 28,927 4,030 2
2021-12-31 27,506 4,781 3,783 8
2020-12-31 26,739 4,137 3,466 17
2019-12-31 25,990 3,967 3,300 18
NasdaqGS:MDLZ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 25,938 3,948 3,381
2018-09-30 26,131 3,681 3,347
2018-06-30 26,373 3,513 3,134
2018-03-31 26,247 3,557 3,230
2017-12-31 25,896 2,593 2,828
2017-09-30 25,700 2,497 2,226
2017-06-30 25,566 2,763 1,793
2017-03-31 25,882 2,735 1,735
2016-12-31 25,923 2,838 1,635
2016-09-30 26,517 3,454 837
2016-06-30 26,970 3,494 7,555
2016-03-31 28,329 3,556 7,497

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mondelez International's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
  • Mondelez International's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:MDLZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Mondelez International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MDLZ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.80 2.85 2.74 2.00
2020-12-31 2.53 2.68 2.21 7.00
2019-12-31 2.35 2.49 1.95 7.00
NasdaqGS:MDLZ Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.30
2018-09-30 2.26
2018-06-30 2.10
2018-03-31 2.15
2017-12-31 1.87
2017-09-30 1.46
2017-06-30 1.17
2017-03-31 1.12
2016-12-31 1.05
2016-09-30 0.53
2016-06-30 4.78
2016-03-31 4.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mondelez International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mondelez International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mondelez International has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MDLZ Past Performance

  How has Mondelez International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mondelez International's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mondelez International's year on year earnings growth rate has been positive over the past 5 years.
  • Mondelez International's 1-year earnings growth exceeds its 5-year average (19.6% vs 1%)
  • Mondelez International's earnings growth has exceeded the US Food industry average in the past year (19.6% vs -1.5%).
Earnings and Revenue History
Mondelez International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mondelez International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MDLZ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 25,938.00 3,381.00 6,420.00
2018-09-30 26,131.00 3,347.00 6,473.00
2018-06-30 26,373.00 3,134.00 6,470.00
2018-03-31 26,247.00 3,230.00 6,096.00
2017-12-31 25,896.00 2,828.00 6,103.00
2017-09-30 25,700.00 2,226.00 6,170.00
2017-06-30 25,566.00 1,793.00 6,241.00
2017-03-31 25,882.00 1,735.00 6,473.00
2016-12-31 25,923.00 1,635.00 6,533.00
2016-09-30 26,517.00 837.00 6,760.00
2016-06-30 26,970.00 7,555.00 6,989.00
2016-03-31 28,329.00 7,497.00 7,239.00
2015-12-31 29,636.00 7,267.00 7,561.00
2015-09-30 31,102.00 8,496.00 7,727.00
2015-06-30 32,590.00 2,129.00 8,018.00
2015-03-31 33,365.00 2,345.00 8,078.00
2014-12-31 34,244.00 2,184.00 8,420.00
2014-09-30 34,902.00 1,847.00 8,731.00
2014-06-30 35,037.00 1,960.00 8,398.00
2014-03-31 35,196.00 1,939.00 8,580.00
2013-12-31 35,299.00 2,312.00 8,610.00
2013-09-30 35,306.00 2,740.00 8,659.00
2013-06-30 35,160.00 1,898.00 8,923.00
2013-03-31 35,092.00 1,782.00 8,781.00
2012-12-31 35,015.00 1,579.00 8,731.00
2012-09-30 21,653.00 8.00 6,532.00
2012-06-30 26,553.00 760.00 7,283.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mondelez International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mondelez International used its assets less efficiently than the US Food industry average last year based on Return on Assets.
  • Mondelez International has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mondelez International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mondelez International has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MDLZ Health

 How is Mondelez International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mondelez International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mondelez International's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Mondelez International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mondelez International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mondelez International Company Filings, last reported 3 months ago.

NasdaqGS:MDLZ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 25,713.00 18,727.00 1,117.00
2018-09-30 25,532.00 20,423.00 1,432.00
2018-06-30 25,287.00 20,119.00 1,273.00
2018-03-31 26,550.00 19,479.00 1,167.00
2017-12-31 26,074.00 18,172.00 791.00
2017-09-30 26,099.00 19,064.00 892.00
2017-06-30 25,792.00 19,042.00 1,441.00
2017-03-31 25,719.00 18,412.00 1,430.00
2016-12-31 25,215.00 17,237.00 1,876.00
2016-09-30 27,577.00 17,142.00 1,725.00
2016-06-30 27,676.00 17,314.00 1,812.00
2016-03-31 27,862.00 17,428.00 1,392.00
2015-12-31 28,100.00 15,483.00 1,925.00
2015-09-30 29,952.00 16,457.00 2,105.00
2015-06-30 24,734.00 19,378.00 2,028.00
2015-03-31 24,612.00 18,811.00 1,902.00
2014-12-31 27,853.00 16,737.00 1,703.00
2014-09-30 30,956.00 17,911.00 1,813.00
2014-06-30 32,407.00 18,576.00 2,290.00
2014-03-31 31,776.00 18,985.00 2,617.00
2013-12-31 32,532.00 17,117.00 2,895.00
2013-09-30 32,492.00 19,960.00 3,925.00
2013-06-30 31,549.00 18,106.00 2,694.00
2013-03-31 32,018.00 18,555.00 2,888.00
2012-12-31 32,416.00 19,486.00 4,584.00
2012-09-30 36,678.00 30,001.00 3,964.00
2012-06-30 36,248.00 30,742.00 4,732.00
  • Mondelez International's level of debt (72.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (52.7% vs 72.8% today).
  • Debt is well covered by operating cash flow (21.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.3x coverage).
X
Financial health checks
We assess Mondelez International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mondelez International has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MDLZ Dividends

 What is Mondelez International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.07%
Current annual income from Mondelez International dividends. Estimated to be 2.27% next year.
If you bought $2,000 of Mondelez International shares you are expected to receive $41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mondelez International's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Mondelez International's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:MDLZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
United States of America Food Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:MDLZ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.33 1.00
2021-12-31 1.29 7.00
2020-12-31 1.16 16.00
2019-12-31 1.06 16.00
NasdaqGS:MDLZ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-07 1.040 2.148
2018-12-06 1.040 2.435
2018-10-30 1.040 2.376
2018-10-29 1.040 2.531
2018-07-26 1.040 2.447
2018-07-25 1.040 2.455
2018-05-16 0.880 2.161
2018-02-08 0.880 2.112
2017-12-12 0.880 2.022
2017-10-31 0.880 2.086
2017-10-30 0.880 2.182
2017-08-02 0.880 2.117
2017-05-17 0.760 1.698
2017-02-03 0.760 1.715
2016-12-13 0.760 1.705
2016-07-19 0.760 1.763
2016-05-18 0.680 1.529
2016-02-08 0.680 1.637
2015-12-08 0.680 1.606
2015-07-23 0.680 1.542
2015-05-20 0.600 1.463
2015-02-19 0.600 1.624
2014-12-04 0.600 1.629
2014-08-06 0.600 1.680
2014-05-21 0.560 1.488
2014-02-26 0.560 1.592
2013-12-10 0.560 1.640
2013-08-08 0.560 1.738
2013-08-07 0.560 1.752
2013-05-21 0.520 1.729
2013-03-13 0.520 1.706
2012-12-10 0.520 1.916
2012-08-14 1.160 3.738
2012-05-23 1.160 2.968
2012-03-14 1.160 3.017
2011-12-13 1.160 3.057
2011-08-17 1.160 3.335
2011-05-24 1.160 3.347
2011-02-25 1.160 3.562
2010-12-20 1.160 3.714
2010-08-18 1.160 3.751
2010-05-18 1.160 3.968
2010-03-17 1.160 3.841
2009-12-17 1.160 4.065
2009-09-10 1.160 4.346
2009-05-20 1.160 4.298
2009-04-24 1.160 4.769

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Mondelez International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Mondelez International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mondelez International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mondelez International has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MDLZ Management

 What is the CEO of Mondelez International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dirk Van de Put
COMPENSATION $14,969,900
AGE 57
TENURE AS CEO 1.4 years
CEO Bio

Mr. Dirk Van de Put has been Chief Executive Officer of Mondelez International, Inc. since November 20, and its Chairman since April 01, 2018. Mr. Van de Put served as the Chief Executive Officer and President of McCain Foods Limited since July 2011 until November 1, 2017. Mr. Van de Put serves as the Chief Operating Officer of McCain Foods SA (Pty) Ltd. He has been Director of Keurig Dr Pepper Inc. since July 9, 2018. He served as the Chief Operating Officer of McCain Foods Limited from May 2010 to July 2011. He served as an Executive Vice President of Fresh Dairy Products for Americas at Groupe DANONE since January 1, 2008. He served as Executive vice president of fresh dairy products for central and eastern Europe Asia Africa and the Middle East at Danone since January 2008. From 2009 to 2010, he served as President of the Global Over-the-Counter, Consumer Health division of Novartis AG, a world leader in innovative healthcare products, research and development. Prior to that, he served as the President of the Americas division at Groupe Danone, a leader in the food industry in packaged water, dairy and baby food products, from 2007 to 2009 and as President of the Latin America division at Groupe Danone from 1998 to 2007. Mr. Van de Put served as a Executive Vice President of Danone Americas Region of The Dannon Company, Inc., a subsidiary of Groupe DANONE. He served as General Manager of Fresh Dairy Products & waters at DANONE from 2007 to January 2008. He joined Groupe DANONE in 1998 as President of Dairy products for Latin America. In 2002, he also took over responsibility for beverages Latin America. He managed Water and Beverages in Latin America. In 1998, he served as President of the Caribbean division of The Coca-Cola Company and served as Vice President of the Value Chain Management, Brazil division of The Coca-Cola Company from 1997 to 1998. In 1986, he joined Mars Inc. (Masterfood today) in several Marketing, Sales and General Management positions in Europe and Latin America. He has been Director of Mondelez International, Inc. since November 2017. He served as an Independent Director of Mattel, Inc. since December 1, 2011 until November 17, 2017. He served as a Director of McCain Foods Limited since July 2010 until November 1, 2017. Mr. Van de Put holds a Doctorate in Veterinary Medicine from the University of Ghent in Belgium and MBA from University of Antwerp.

CEO Compensation
  • Dirk's compensation has been consistent with company performance over the past year.
  • Dirk's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Mondelez International management team in years:

1.4
Average Tenure
49
Average Age
  • The average tenure for the Mondelez International management team is less than 2 years, this suggests a new team.
Management Team

Dirk Van de Put

TITLE
Chairman & CEO
COMPENSATION
$15M
AGE
57
TENURE
1.4 yrs

Luca Zaramella

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
48
TENURE
0.7 yrs

Paulette Alviti

TITLE
Executive VP & Chief Human Resources Officer
COMPENSATION
$4M
AGE
47
TENURE
0.8 yrs

Tim Cofer

TITLE
Executive VP & Chief Growth Officer
COMPENSATION
$5M
AGE
49
TENURE
8.8 yrs

Glen Walter

TITLE
Executive VP & President of North America
COMPENSATION
$4M
AGE
49
TENURE
1.4 yrs

Nelson Urdaneta

TITLE
Senior VP

Shep Dunlap

TITLE
Vice President of Investor Relations

Gerd Pleuhs

TITLE
Executive VP & General Counsel
COMPENSATION
$3M
AGE
61
TENURE
7 yrs

Mohit Bhalla

TITLE
Vice President of Corporate Development
AGE
48
TENURE
3.8 yrs

Martin Renaud

TITLE
Global Chief Marketing Officer
AGE
50
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Mondelez International board of directors in years:

6.7
Average Tenure
64.5
Average Age
  • The tenure for the Mondelez International board of directors is about average.
Board of Directors

Dirk Van de Put

TITLE
Chairman & CEO
COMPENSATION
$15M
AGE
57
TENURE
1 yrs

Lois Juliber

TITLE
Independent Director
COMPENSATION
$325K
AGE
69
TENURE
11.4 yrs

Fred Reynolds

TITLE
Independent Director
COMPENSATION
$310K
AGE
67
TENURE
11.3 yrs

Patrick Siewert

TITLE
Independent Director
COMPENSATION
$300K
AGE
62
TENURE
6.5 yrs

Joe Neubauer

TITLE
Independent Director
COMPENSATION
$339K
AGE
77
TENURE
1.3 yrs

Mark Ketchum

TITLE
Lead Independent Director
COMPENSATION
$311K
AGE
68
TENURE
12 yrs

Jean-François M. Van Boxmeer

TITLE
Independent Director
COMPENSATION
$285K
AGE
57
TENURE
9.3 yrs

Jorge Mesquita

TITLE
Independent Director
COMPENSATION
$285K
AGE
56
TENURE
6.9 yrs

Lewis W. Booth

TITLE
Independent Director
COMPENSATION
$300K
AGE
69
TENURE
6.5 yrs

Christiana Shi

TITLE
Independent Director
COMPENSATION
$300K
AGE
58
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • Mondelez International insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Mar 19 Sell Alejandro Lorenzo Individual 05. Mar 19 05. Mar 19 -26,347 $46.94 $-1,236,728
26. Feb 19 Sell Maurizio Brusadelli Individual 25. Feb 19 25. Feb 19 -5,495 $47.27 $-259,749
05. Feb 19 Sell Vinzenz Gruber Individual 01. Feb 19 01. Feb 19 -10,945 $45.86 $-501,938
12. Sep 18 Sell Daniel Myers Individual 12. Sep 18 12. Sep 18 -27,963 $43.44 $-1,214,713
X
Management checks
We assess Mondelez International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mondelez International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MDLZ News

Simply Wall St News

Mondelez International, Inc. (NASDAQ:MDLZ): 2 Days To Buy Before The Ex-Dividend Date

(NASDAQ:MDLZ) will be paying shareholders an upcoming dividend amount of US$0.26 per share. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

Simply Wall St -

Why We’re Not Keen On Mondelez International, Inc.’s (NASDAQ:MDLZ) 7.9% Return On Capital

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Does Mondelez International Inc's (NASDAQ:MDLZ) Debt Level Pose A Problem?

Mondelez International Inc (NASDAQ:MDLZ), a large-cap worth US$64.4b, comes to mind for investors seeking a strong and reliable stock investment. … I will provide an overview of Mondelez International’s financial liquidity and leverage to give you an idea of Mondelez International’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

Estimating The Intrinsic Value Of Mondelez International Inc (NASDAQ:MDLZ)

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

How Did Mondelez International Inc's (NASDAQ:MDLZ) 12% ROE Fare Against The Industry?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Mondelez International Inc (NASDAQ:MDLZ). … That means that for every $1 worth of shareholders' equity, it generated $0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Mondelez International Inc (NASDAQ:MDLZ): What Are The Future Prospects?

In June 2018, Mondelez International Inc (NASDAQ:MDLZ) released its earnings update. … as a 15.92% increase in profits is expected in the upcoming year, … the past 5-year average growth rate of 11.49%

Simply Wall St -

Does Mondelez International Inc (NASDAQ:MDLZ) Have A Place In Your Portfolio?

Mondelez International Inc (NASDAQ:MDLZ) has returned to shareholders over the past 10 years, an average dividend yield of 3.00% annually. … Let's take a look at Mondelez International in more detail. … See our latest analysis for Mondelez International

Simply Wall St -

Who Are The Largest Shareholders In Mondelez International Inc (NASDAQ:MDLZ)?

Today, I will be analyzing Mondelez International Inc’s (NASDAQ:MDLZ) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Therefore, it is beneficial for us to examine MDLZ's ownership structure in more detail.

Simply Wall St -

Does Mondelez International Inc's (NASDAQ:MDLZ) Debt Level Pose A Problem?

Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Mondelez International Inc (NASDAQ:MDLZ) a safer option. … Let’s take a look at Mondelez International’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis

Simply Wall St -

Can Mondelez International Inc's (NASDAQ:MDLZ) ROE Continue To Surpass The Industry Average?

and want to better understand how you can grow your money by investing in Mondelez International Inc (NASDAQ:MDLZ). … Mondelez International Inc (NASDAQ:MDLZ) delivered an ROE of 12.23% over the past 12 months, which is relatively in-line with its industry average of 12.01% during the same period. … With more debt, MDLZ can invest even more and earn more money, thus pushing up its returns.

Simply Wall St -

MDLZ Company Info

Description

Mondelez International, Inc., through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company’s primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages. It sells its products to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, distribution centers, and other facilities, as well as through independent sales offices and agents, and e-commerce platforms. The company was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. Mondelez International, Inc. was founded in 2000 and is based in Deerfield, Illinois.

Details
Name: Mondelez International, Inc.
MDLZ
Exchange: NasdaqGS
Founded: 2000
$72,807,855,229
1,445,747,721
Website: http://www.mondelezinternational.com
Address: Mondelez International, Inc.
Three Parkway North,
Deerfield,
Illinois, 60015,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MDLZ Class A Common Stock Nasdaq Global Select US USD 13. Jun 2001
DB KTF Class A Common Stock Deutsche Boerse AG DE EUR 13. Jun 2001
LSE 0R0G Class A Common Stock London Stock Exchange GB USD 13. Jun 2001
SWX MDLZ Class A Common Stock SIX Swiss Exchange CH CHF 13. Jun 2001
WBAG MDLZ Class A Common Stock Wiener Boerse AG AT EUR 13. Jun 2001
SNSE MDLZ Class A Common Stock Santiago Stock Exchange CL USD 13. Jun 2001
BMV MDLZ * Class A Common Stock Bolsa Mexicana de Valores MX MXN 13. Jun 2001
BOVESPA MDLZ34 BDR REPR 1/2 COM 'CLASS A'USD0.01 Bolsa de Valores de Sao Paulo BR BRL 27. Jul 2015
Number of employees
Current staff
Staff numbers
80,000
Mondelez International employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:39
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.