What smart money is saying about Mondelez International, Inc. Class A
2 funds in our archive have pitched Mondelez International, Inc. Class A, most recently Brown Advisory Large-Cap Sustainable Value in March 2026.
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, wholesalers, supercenters, club stores, mass merchandisers, convenience stores, petrol stations, pharmacies, discount stores, and other food retailers. This complex distribution system leverages direct store delivery, proprietary and external warehousing solutions, third-party distributors, independent sales agents, and digital e-commerce platforms. Established in 2000, the company was initially known as Kraft Foods Inc. before officially changing its name to Mondelez International, Inc. in October 2012. Its corporate headquarters are situated in Chicago, Illinois.
Get an email when a fund buys, sells or pitches it
Fund signal · last 12 months
9 lettersToo few moves on Mondelez International, Inc. Class A yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q3 2025 and Q3 2026, 10 fund letters reported a position in Mondelez International, Inc. Class A, with 4 buys (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 4 | 0 | 0 | 0 |
| Q1 2026 | 3 | 3 | 0 | 1 |
| Q4 2025 | 2 | 0 | 0 | 1 |
| Q3 2025 | 1 | 1 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 10 positions · 4 moves
- September 2026
“In July and August, there were tentative signs of improved Fund performance, with both months registering positive absolute returns and outperformance versus the benchmark index. The better performance was supported, if not endorsed, by a large majority of the Fund’s investee companies posting encouraging quarterly or full year results, exhibiting growing revenues and profits – some in excess of the market’s expectations. This included Disney, Alphabet, Heineken, SAP, London Stock Exchange Group (LSEG), Mondelez, Unilever, RELX, Shiseido and TKO.”
Mondelez International, Inc. Class A - September 2026
“Finally, within Consumer Staples, both Mondelez International, Inc. (MDLZ) and Unilever PLC (UL) posted positive absolute returns against a negative return for the sector.”
Mondelez International, Inc. Class A - September 2026
“The better performance was supported, if not endorsed, by a large majority of the Fund’s investee companies posting encouraging quarterly or full year results, exhibiting growing revenues and profits – some in excess of the market’s expectations. This included Disney, Alphabet, Mondelez and TKO.”
Mondelez International, Inc. Class A - August 2026
Listed in Guinness Global Equity Income Fund’s reported holdings.
Mondelez International, Inc. Class A - AddedFlexible Equity FundMarch 2026
“ Consumer Staples performed strongly in the period, increasing the weighting, and we added to U.S. Foods (USFD) and Mondelez International (MDLZ).”
Mondelez International, Inc. Class A - New positionBrown Advisory Large-Cap Sustainable ValueMarch 2026
“Finally, we established a new position in Mondelez International (MDLZ), one of the global snacking leaders, after the company witnessed over a 700 basis points (bps) decline in its gross margin and 300 bps decline in its earnings before interest tax (EBIT) last year from cocoa inflation.”
Mondelez International, Inc. Class A - New positionBrown Advisory U.S. Value FundMarch 2026
“Finally, we established a new position in Mondelez International (MDLZ), one of the global snacking leaders, after the company witnessed over a 700 basis points (bps) decline in its gross margin and 300 bps decline in its earnings before interest tax (EBIT) last year from cocoa inflation.”
Mondelez International, Inc. Class A - December 2025
“Our stock selection within the Consumer Staples sector detracted from relative performance. Mondelez (- 13.0%) was impacted by softer third-quarter results and a reduction to full-year guidance, reflecting margin pressure from elevated cocoa costs and increased reinvestment to support demand.”
Mondelez International, Inc. Class A - December 2025
“In the Consumer Staples sector, our position in Mondelez International declined 13.0% during the quarter primarily due to the company cutting its full- year earnings forecast in late October, citing high cocoa prices and cautious consumers pulling back from snack purchases as they focused on essential goods.”
Mondelez International, Inc. Class A - September 2025
“ The Consumer Staples sector fell the most in the quarter, but the weighting was relatively unchanged since we added to Mondelez International (MDLZ).”
Mondelez International, Inc. Class A
Also mentioned · 2
These funds discuss Mondelez International, Inc. Class A as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedBrown Advisory U.S. Value FundSeptember 2026
“Finally, within Consumer Staples, both Mondelez International, Inc. (MDLZ) and Unilever PLC (UL) posted positive absolute returns against a negative return for the sector.”
Mondelez International, Inc. Class A - MentionedGuinness Global Innovators FundAugust 2026
“Theme 2: Emerging markets outperforming developed markets amid K-shaped consumer bifurcation Distinct geographic and demographic divergence has materialised across consumer markets over Q2. Developed markets are underperforming as inflation-weary consumers reduce non-essential spending or trade down to extreme value and discount channels, particularly outside of higher-income brackets. This has created a ‘K-shaped’ environment, in which the demand within developed markets has moved in opposite directions, with higher-income demand remaining robust while the middle market is squeezed. This has left premium goods and private-label value offerings resilient. Emerging markets – particularly India, Brazil, and Mexico – have been showing robust growth. Mondelez CEO, Dirk Van de Put: “In North America… Growth remains K-shaped, with consumers gravitating toward both value formats and premium, better-for-you options.” Unilever CFO, Srinivas Phatak: “Emerging markets continued to be a strong growth engine with strong volume-led growth in the first half. In North America, we continued our volume outperformance while Europe was subdued.””
Mondelez International, Inc. Class A
Fund coverage · 2 theses
Mondelez combines leading snacking market share, resilient cash flow, and a potential earnings acceleration from lower cocoa costs.
Read the full thesis- Oakmark Global FundDecember 2025
Mondelēz International is a global snacking leader with strong brands, pricing power, and margin upside as commodity inflation eases, acquired at a discounted valuation.
Read the full thesis
Read every full thesis on Mondelez International, Inc. Class A
Read all 2 theses in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→