Ricardo Pillai
Fri, June 12, 2026 astatine 11:17 AM CDT 3 min read
Is MDLZ a bully banal to buy? We came crossed a bullish thesis on Mondelez International, Inc. connected Quality At A Fair Price’s Substack. In this article, we volition summarize the bulls’ thesis connected MDLZ. Mondelez International, Inc.'s stock was trading astatine $61.60 arsenic of June 8th. MDLZ’s trailing and guardant P/E were 30.71 and 20.49 respectively according to Yahoo Finance.
Zoltan Kiraly / Shutterstock.com
Mondelez International, Inc. (MDLZ) is positioned arsenic a starring planetary snacking institution with a portfolio of iconic brands including Oreo, Cadbury, Ritz, Chips Ahoy, Triscuit, and Sour Patch Kids, giving the institution important pricing power, planetary scale, and resilient user request crossed some developed and emerging markets. The institution continues to payment from the antiaircraft characteristics of the user staples assemblage portion besides delivering charismatic semipermanent maturation done premiumization, planetary expansion, and accordant merchandise innovation.
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A large constituent of the bullish thesis is Mondelez’s beardown dividend maturation profile, with the institution compounding its dividend astatine double-digit rates implicit the 3-, 5-, and 10-year periods, highlighting management’s assurance successful the durability of currency flows and the spot of the underlying business. Despite these fundamentals, the banal presently appears undervalued based connected Dividend Yield Theory, arsenic the guardant dividend output of astir 3.43% stands astir 100 ground points supra its 5-year mean output of 2.51%, implying a imaginable valuation discount of astir 27%.
This disconnect creates an charismatic setup for semipermanent investors, peculiarly fixed the company’s unchangeable net illustration and beardown marque equity. In addition, Mondelez is estimated to connection a guardant instrumentality imaginable of astir 15.6%, supported by dividend income, net growth, and imaginable valuation normalization implicit time. With beardown escaped currency travel generation, a globally diversified concern model, and accordant shareholder returns, Mondelez International appears good positioned to present charismatic risk-adjusted returns going forward.
Previously, we covered a bullish thesis connected Mondelez International, Inc. (MDLZ) by Daan Rijnberk successful November 2024, which highlighted the company’s resilient pricing power, ascendant snacking brands, and borderline enlargement contempt cocoa ostentation pressures. MDLZ’s banal terms has depreciated by astir 4.92% since our coverage. Quality At A Fair Price shares a akin presumption but emphasizes connected dividend growth, valuation disconnect, and Dividend Yield Theory-driven upside potential.

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