Will Mondelez International Inc Stock Soar Past $100 by 2029? Here’s What Experts Predict

Curious about where Mondelez International’s stock (MDLZ) is headed in 2025 and beyond? As a global snacking giant with powerhouse brands like Oreo and Cadbury, Mondelez blends resilience with growth potential, making it a compelling pick for investors. Dive into our detailed forecast to uncover whether now’s the time to buy—or hold off—for maximum returns.

Operations

Mondelez International Inc. is a global leader in the snack food and beverage industry, headquartered in Chicago, Illinois. The company manufactures, markets, and sells a wide range of products, including biscuits (cookies, crackers, and baked snacks), chocolates, gums, candies, and powdered beverages, as well as cheese and grocery items. Its portfolio features iconic brands such as Oreo, Ritz, Cadbury Dairy Milk, Milka, Toblerone, and Trident, which are sold in over 150 countries.

Revenue Segments: 

• Emerging Markets (40%+ of revenue): Strong presence in India, Brazil, Russia, and China. 
• Developed Markets (North America & Europe): Focus on premiumization and innovation. 
• Supply Chain & Cost Efficiency: Mondelez has been optimizing manufacturing and distribution, closing less efficient plants, and investing in automation. 
• Sustainability Initiatives: Committed to sustainable sourcing (e.g., cocoa, palm oil) and reducing carbon footprint. 

Financial Performance and Ratios

Mondelez has demonstrated resilience and steady growth in its financial performance. In Q4 2024, the company reported revenues of $9.6 billion, a 3.11% increase year-over-year, though it fell slightly short of market expectations by $51 million. For the full year 2024, revenue grew by 4.3%, driven by gains in both developed and emerging markets, with the chocolate segment showing particular strength at 7.4% growth.

The company generated $4.9 billion in operating cash flow and $3.5 billion in free cash flow, reflecting robust cash generation capabilities. In Q3 2024, adjusted earnings per share (EPS) reached $0.99, up 28.6% on a constant currency basis, fueled by operational gains, fewer shares outstanding, and lower interest and tax expenses.

Metric	Value (Recent FY)	Trend
Revenue	~$36B (+7% YoY)	Growing (pricing + volume)
Gross Margin	~40%	Expanding (cost savings, pricing)
Operating Margin	~16%	Improving (efficiency gains)
Net Income	~$5B	Stable growth
Free Cash Flow (FCF)	~$3.5B	Strong (supports buybacks & dividends)
Debt-to-Equity	~0.6x	Manageable (investment-grade balance sheet)
ROIC (Return on Invested Capital)	~10%+	High efficiency
P/E Ratio	~20x	In line with peers

Mondelez International Stock Price Performance

As of April 1, 2025, Mondelez International’s stock (MDLZ) trades at $67.535, reflecting a slight decline from the previous day’s close of $67.85. Over the past month (March 3 to April 1, 2025), the stock rose from $65.95 to $67.535, a gain of approximately 2.4%, with a peak of $68.16 on March 10.

Over the past year, MDLZ fluctuated between a low of $53.95 and a high of $76.06, with an overall upward trend from $71.94 in April 2024 to the current price, though it remains below its 2023 peak of $75.33. This performance reflects resilience amid market volatility, supported by consistent revenue growth and shareholder returns, though it has underperformed the broader U.S. market’s 6.6% return over the past year.

Competitive Landscape

Mondelez operates in a highly competitive snack food and confectionery market, facing rivals such as Nestlé, PepsiCo, Hershey, and General Mills. Its biscuit category (49% of sales) competes with local and global players like PepsiCo’s Frito-Lay, while its chocolate segment (31%) contends with Nestlé’s KitKat and Hershey’s brands.

The gum and candy segment (11%) faces competition from Mars (Wrigley) and Perfetti Van Melle, though Mondelez sold its developed market gum business to the latter in 2023 for $1.4 billion to sharpen its focus.

The company differentiates itself through its strong brand portfolio, global reach, and strategic investments in emerging markets and digital distribution. Challenges include rising cocoa costs, geopolitical uncertainties, and shifting consumer preferences, but Mondelez’s agility in innovation and acquisitions positions it well against competitors.

Investment Insight

In a fiercely competitive environment, the company continues to perform exceptionally well. Its ability to maintain strong profitability metrics stems not only from preserving its market share but also from effectively reducing Administrative and General expenses as a proportion of Gross profit. This cost discipline is a critical factor, and we highly value its contribution to the company’s success.

The company’s Core operating cash flows and Free Cash Flow (FCF) exhibit consistent and stable growth. This financial strength enables Mondelez to generously reward its shareholders. Through a combination of share repurchasing programs and dividend payments, the company returns nearly the entirety of its earned earnings per share (EPS) to investors. To support its working capital needs, it relies on borrowed funds. However, its financial management remains highly conservative in this regard, and we see no significant risks to its operational performance as a result of this strategy.

Mondelez International Stock Forecast**

The 2025–2029 forecast (e.g., $49.28–$69.48 in 2025, scaling to $71.79–$101.22 by 2029) assumes a compound annual growth rate (CAGR) of roughly 8–10%, aligning with historical trends and industry tailwinds. Upside potential hinges on cost efficiencies and premiumization, while downside risks tie to cocoa price volatility and geopolitical tensions.

2025–2029 Price Targets: 

Year	MIN Target	MAX Target
2025	49.28	69.48
2026	54.14	76.33
2027	59.48	83.86
2028	65.35	92.13
2029	71.79	101.22

When to buy and Investment Tips

This stock represents an excellent addition to an investment portfolio, offering both diversification benefits and reliable dividend cash flows. It also boasts a notably high Investment Scoreboard rating. As of the writing date, the stock price is trading below its all-time high (ATH) and remains in a bullish market trend. This presents a favorable opportunity to acquire shares of this company before they experience significant price appreciation.

Trading at $67.535 (April 1, 2025), MDLZ is in a bullish trend but below its $76.06 yearly high. A breakout above $70 could signal stronger momentum, while support near $65 offers a buying zone.

Dividend Policy and Buyback Policy

Mondelez maintains a shareholder-friendly capital return strategy. As of March 22, 2025, it offers a quarterly dividend of $0.47 per share, yielding 2.91%, with 11 consecutive years of dividend growth. In 2023, the company increased its dividend by 10%, demonstrating confidence in its cash flow generation.

On the buyback front, Mondelez returned $2.9 billion to shareholders in the first nine months of 2024 through dividends and share repurchases. The board approved a $6 billion repurchase program through 2025, replacing a prior authorization, with annual repurchases expected between $1 billion and $2 billion. This dual approach underscores Mondelez’s commitment to enhancing shareholder value while maintaining financial flexibility for growth initiatives.

Conclusion

Mondelez International stands out as a stable yet dynamic player in the snack industry, balancing strong financials, shareholder rewards, and strategic adaptability. With a bullish outlook through 2029 and a stock price currently below its peak, MDLZ offers a sweet spot for diversification and income. Whether you’re chasing dividends or long-term growth, this stock deserves a close look.

A cup of coffee from you for this excellent analysis.

Or Donate:

Company’s Site.

More US Stocks.

*Investment analysis involves scrutinizing over 50 different criteria to assess a company's ability to generate shareholder value. This comprehensive approach includes tracking revenue, profit, equity dynamics, dividend payments, cash flow, debt and financial management, stock price trends, bankruptcy risk, F-Score, and more. These metrics are consolidated into a straightforward Investment Scoreboard, which effectively helps predict future stock price movements.
**Use the price forecast to manage the risk of your investments.