UBS Lifts Mondelez Price Target to $69 on Robust Snacking Demand
UBS has raised its price target on Mondelez International from $60 to $69, reiterating its Buy rating on the stock. The investment bank cited sustained momentum in global snacking trends and Mondelez’s strong category leadership as key drivers behind its increased valuation.
According to UBS analysts, the global snacks giant is positioned to outperform as consumers continue prioritizing snacking over traditional meals—a behavioral shift that has gained ground in recent years. Core growth categories such as biscuits and chocolate remain resilient amid changing consumer habits and macroeconomic pressures.
Mondelez, whose portfolio includes brands like Oreo, Cadbury, and BelVita, has consistently reported solid organic revenue growth. The company’s focus on core brand investment, pricing power, and strategic acquisitions have helped expand its footprint in high-growth markets and reinforce its margins.
UBS points to improved top-line visibility and consistent execution as indicators of long-term strength. Mondelez’s ability to manage cost inflation and scale efficiencies—particularly through its global supply chain and localized manufacturing—continues to support its earnings outlook.
The note also highlights that the snacking category itself shows structural growth tailwinds, with consumers favoring convenience, portion control, and premiumization. Mondelez is responding with innovation across its product lines and expansion into adjacent snacking segments through acquisitions such as Clif Bar and Grenade.
UBS’s revised price target reflects a growing confidence in Mondelez’s capacity to deliver mid-to-high single-digit organic revenue growth and high-single-digit EPS growth over the next few years. The firm also sees potential for further operating margin expansion, supported by productivity initiatives and mix improvement.
For FMCG stakeholders, the update underscores continued investor confidence in large-scale snacking companies that can successfully marry brand heritage with agile responses to evolving consumption trends. Mondelez’s strategic execution in emerging markets, innovation in health-oriented snacks, and portfolio premiumization are viewed as credible levers for sustained growth in the competitive global snacking landscape.