1、Morningstar Equity Company Report|Report as of 5 Aug 2025 19:23,UTC|Reporting Currency:USD|Trading Currency:USD|Exchange:NASDAQ-ALL MARKETSPage 1 of 26?Mondelez International Inc Class A MDLZ QQQQ 5 Aug 2025 19:09,UTCLast Price63.53 USD4 Aug 2025Fair Value Estimate75.00 USD5 Aug 2025 19:06,UTCPrice/

2、FVE0.85Market Cap80.87 USD Bil5 Aug 2025Economic MoatTMWideEquity Style Box1 Large ValueUncertaintyLowCapital AllocationStandardESG Risk Rating Assessment1;4 Jun 2025 05:00,UTCErin Lash,CFASector DirectorMorningstar+1 312 384 ContentsBusiness DescriptionBusiness Strategy&Outlook(5 Aug 2025)Bulls Say

3、/Bears Say(5 Aug 2025)Fair Value and Profit Drivers(5 Aug 2025)Economic Moat(5 Aug 2025)Risk and Uncertainty(2 May 2025)Financial Strength(5 Aug 2025)Capital Allocation(5 Aug 2025)FinancialsESG RiskRecent Analyst NotesResearch Methodology for Valuing CompaniesImportant DisclosureThe conduct of Morni

4、ngstars analysts is governed by Code of Ethics/Code of Conduct Policy,Personal Security Trading Policy(or an equivalent of),and Investment Research Policy.For information regarding conflicts of interest,please visit:http:/ primary analyst covering this company does not own its stock.Reporting Curren

5、cy:USD|Trading Currency:USDCurrency amounts expressed with$are in U.S.dollars(USD)unless otherwise denoted.1The ESG Risk Rating Assessment is a representation of Sustainalytics ESG Risk Rating.Mondelezs Sweet Brand Intangible Assets Should Enable It to Withstand Intense Macro PressuresBusiness Strat

6、egy&Outlook Erin Lash,CFA,Sector Director,5 Aug 2025Even amid the recent turmoil around cocoa prices,CEO Dirk Van de Put hasnt wavered from his commitment to drive balanced sales and profit growth at wide-moat Mondelez.Rather,it has worked to extend the distribution of its fare,fund investments behi