MDLZ Mondelez International Inc. - Ordinary Shares - Class A

$MDLZ $OWL Natural gas M&A is heating up. EQT announced an all-stock acquisition of Range Resources, creating a U.S. producer with pro forma enterprise value above $50B, including debt. The offer implies a roughly 20.6% premium for Range shareholders.

$MDLZ Why $MDLZ is set to push $62–$65+ toward $68+ Wall St targets: 1/ CPI Is Baked In: Markets already digested Warsh’s rate path. In high-rate regimes, capital rotates from volatile tech into defensive staples yielding ~3.4% ($0.52/sh dividend). 2/ The "Lipstick Effect": Tight budgets delay big-ticket purchases, but people don’t skip a $4 treat. Essential feel-good brands—Oreo, Cadbury, Milka, and Sour Patch Kids—dominate grocery carts during economic squeezes. 3/ The Q4 Holiday Wave: We are entering Mondelēz’s peak seasonal revenue stretch. Halloween candy volume kicks off the run, flowing straight into Thanksgiving gatherings and Christmas chocolate gifting. 4/ Oct 27 Earnings Setup: Cocoa futures rolled over from historic highs, delivering margin relief while pricing power holds. With 20+ analysts rating Buy and a $68+ consensus target, $MDLZ from $61 is an asymmetric long. $SPY $USO $NVDA $JPM

$MDLZ reports earnings today after the close. I’m bullish heading into the report: MDLZ has beaten EPS estimates in 7 of its last 8 reports, according to Stock Meadow.

$MDLZ: cashed your first Wheat Thins payment? Only those claimants are in line for the roughly $49 second round in September. If the January payment expired uncashed, the court schedule leaves you out. Claims closed. Open Class Actions.

$MDLZ | Mondelez Q3 Earnings: - Adjusted Net Income: $992M (est $906.4M) - Adjusted EPS: $0.78 (est $0.71) - EPS: $1.02 - Net Income: $1,305M - Gross Margin: 39.4% - Had Recent Agreement To Acquire Undercover Snacks - Sees FY Organic Net Revenue Growth: 2% - Sees FY Adjusted EPS Growth: 0% To 5% - Currency Translation Estimated To Increase 2026 Net Revenue Growth By About 1.5% And Adjusted EPS By $0.04 - Expects 2026 Free Cash Flow Of Approximately $3B

$MDLZ Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $0.78 up 6.85% YoY • Reported revenue of $9.97B up 2.29% YoY • Mondelz International reaffirms 2026 Organic Net Revenue growth of at least 2% and Adjusted EPS growth, flat to 5% on a constant currency basis; 2026 Free Cash Flow is approximately $3B.

$MDLZ: Wheat Thins also changed the label. Mondelez agreed to stop using 100% Whole Grain alone without qualifying language, while denying the claim was misleading. No admission, claims closed. Open Class Actions.

$MDLZ: why was Wheat Thins round two bigger? Only 111,388 valid claims shared a $10M fund, so scheduled awards used roughly $0.5M. Claimants report about $49 in September, up from about $6. Claims closed. Open Class Actions.

A Morningstar analyst says $MDLZ has "the best combination of undervaluation, dividend yield, and, more specifically, probably the best outlook from a fundamental point of view" because it's positioned in more emerging markets than in developed markets. You know them for their iconic foods: Triscuit, Ritz, Oreo, Chips Ahoy, Cadbury, Belvita, Tates, Sour Patch, etc. While the rest of the market pulled back last week, $MDLZ was up +4.6%. $MDLZ has 3.5% organic sales growth in North America, where other companies are struggling to stay positive. 40% of total sales comes from emerging markets (not yet hampered by GLP-1s like here in the US). The company expects an operating margin of 14.1% this year, growing to 16% in 2028. MDLZ pays a 3.28% annual dividend. Morningstar Fair Value: $77.