CHICAGO, Aug 11, 2026, 17:51 EDT
- Mondelez stock finished up 0.4% at $61.78.
- Oreo appeared on Google’s trending searches in the U.S. following reports about the product in China.
- Roughly 65% of second-quarter organic growth came from Asia, the Middle East, and Africa.
Shares of Mondelez International Inc. NASDAQ:MDLZ rose 0.4% on Tuesday following Oreo’s appearance in Google’s trending-search feed for the U.S. The stock finished at $61.78 before easing 0.1% to a provisional $61.71 after the bell.
The increase in searches is less significant as a short-term driver of sales. Its greater relevance is regional. China is part of Mondelez’s most rapidly expanding volume-growth area.
Asia, the Middle East and Africa contributed 21% of revenue in the second quarter, while the region accounted for approximately 1.44 percentage points of the company’s organic growth. This represents about 65% of the 2.2% total, calculated using revenue weights from the previous year.
| Q2 regional comparison | Revenue | Organic growth | Volume/mix | Pricing |
|---|---|---|---|---|
| Asia, Middle East & Africa | $1.97bn | +7.1% | +5.2 pp | +1.9 pp |
| Latin America | $1.37bn | +8.4% | +0.5 pp | +7.9 pp |
| North America | $2.63bn | +3.4% | +1.2 pp | +2.2 pp |
| Europe | $3.38bn | -3.5% | -2.1 pp | -1.4 pp |
The division stands out. In Asia, expansion was driven by unit sales and mix rather than pricing. Latin America’s gains came chiefly from pricing, while Europe saw declines in both metrics.
Google tracked over 1,000 U.S. searches for Oreo on its trending feed. Coverage focused on KFC Spicy Chicken and Caramel Popcorn cookies reportedly available in China. Yum China Holdings Inc. (NYSE:YUMC) manages the KFC brand in the country.
The partnership was not reported as financially significant. Reports noted that the online response included some criticism. Viral exposure does not ensure recurring sales.
| Q2 company scorecard | Q2 2026 | Q2 2025 / consensus |
|---|---|---|
| Net revenue | $9.36bn | $8.98bn; $9.20bn consensus |
| Organic revenue growth | +2.2% | +5.6% |
| Volume/mix | +0.7 pp | -1.5 pp |
| Adjusted EPS | $0.73 | $0.73; $0.68 consensus |
| Adjusted gross margin | 34.0% | Increase of 0.2 pp from one year earlier |
Recent results indicated an actual rebound in volume. Revenue came in roughly 1.7% higher than the consensus before the release, and adjusted earnings surpassed expectations by 7.4%. Organic growth decelerated, but volume and mix returned to positive territory.
Chief Executive Dirk Van de Put said results demonstrated “robust top-line expansion, coupled with volume growth and share improvement.” He also pointed to sustained strong performance in emerging markets. Mondelez earnings summary
Management has increased its 2026 forecast for organic sales to a minimum of 2%. Adjusted EPS growth is projected to stay between flat and 5% in constant currencies. Free cash flow is anticipated to be around $3 billion.
| Market and valuation snapshot | Value |
|---|---|
| Closing price | $61.78, up 0.41% |
| After-hours provisional | $61.71, down 0.11% as of 17:19 EDT |
| Five-day change | -0.48% |
| Performance since start of year | +14.77% |
| Forward price-to-earnings ratio | 19.1 times |
| Yield on dividend | 3.24% |
The valuation allows for moderate growth, though not a significant rerating by itself. Shares are currently trading roughly 7% under their 52-week peak and have climbed almost 15% so far this year.
| Analyst recommendations | Count / value |
|---|---|
| Buy or Strong Buy | 15 |
| Hold | 10 |
| Sell | 0 |
| Analyst consensus | Moderate Buy |
| Mean price target | $67.30 |
| Target price span | $54-$73 |
The average price target suggests an 8.9% potential rise from Tuesday’s closing level. This is less than the stock’s gain since the start of the year. Analysts say continued volume growth must be demonstrated before price targets can move higher.
Mondelez slipped 0.5% in the last five sessions, even after climbing on Tuesday. The key test next week will be if the stock maintains its gains after earnings. Investors are also monitoring cocoa prices and sluggish volume trends in Europe.
Risks: Novelty items may draw interest but might not lead to sustained sales. Earnings could also be affected by cocoa prices, currency fluctuations and soft demand in Europe.
The overall market ended in negative territory. The S&P 500 slipped 0.32% and the Nasdaq declined 0.60%. Mondelez outperformed both benchmarks in regular trading.
