Key Highlights

  • Mondelez's (MDLZ) Bollinger Band width has compressed to 4.4% of price.
  • Cocoa fell to about $2,850 a ton in April 2026 but rebounded to about $5,700 by mid-August.
  • The stock yields about 3.42%, and the ex-dividend date is Sept. 30; Q3 results are due Oct. 27.

Mondelez International (NASDAQ:MDLZ) fell 0.4% to $60.60 in pre-market trading as its Bollinger Band width compressed to 4.4% of price. The Oreo and Cadbury maker is up 13.4% this year after raising guidance, but cocoa prices have roughly doubled from their April low and consumers are pushing back on prices, which makes the next move a tug of war.

Mondelez's Bollinger Band width has narrowed to 4.4 percent of price. Bollinger Bands measure how widely a stock swings around its 20-day average; when they tighten, Volatility has faded and a larger move often follows.

Cocoa is the swing factor. Mondelez beat Q2 estimates and raised its organic growth outlook to at least 2%, but it guides adjusted EPS growth of flat to 5% as cocoa costs climb again and shoppers resist higher chocolate prices ahead of Halloween. Envestnet Asset Management raised its position in the stock, and Toblerone launched a new Biscoff truffle around Sept. 22.

Mondelez (MDLZ) Lags Packaged Food Peers

MDLZ fell 0.9% in the session while General Mills rose 0.3% and Kraft Heinz was little changed, for a peer median of +0.1%. The $0.58 move equaled about 0.5x the 14-day average true range of $1.23, and about $353.52 million traded versus $457.82 million typical. MDLZ closed near the bottom of its $60.76 to $62.19 range and is down 5.9% over the past month.

MDLZ Technical Levels: Holding the 200-Day

Mondelez trades below its 20-day Moving Average of $61.80 and 50-day of $62.12, but above its 200-day of $59.46. Staying above the 200-day keeps the long-term uptrend alive.

The 14-day RSI is 43.0. RSI measures buying versus selling pressure on a 0 to 100 scale, and a reading in the low 40s shows mild weakness.

MACD is -0.35, below its -0.20 signal line. MACD tracks momentum, and a reading below the signal line confirms the short-term pullback.

Support is at $59.96 and $57.86. Resistance is at $64.86 and $67.65.

Valuation and Dividend

Trailing-twelve-month Revenue reached $39.67 billion, up 6.9% year-over-year. Mondelez pays $2.08 a year, about 3.42%, and has raised its Dividend for 12 straight years. The consensus is Buy with an average target near $69.13, about 14% above the current price.

Peers Moving on This News

  • The Kraft Heinz (NYSE:KHC) little changed
  • General Mills (NYSE:GIS) up 0.3%