Barclays Raises Mondelez International (MDLZ) Price Target to $72

Barclays keeps an upbeat stance on Mondelez International, nudging its price target higher while the snack maker trades below Wall Street expectations, a 12.75% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 5:15 PM EDT · Updated Oct 16, 2026, 8:15 PM EDT

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Barclays raised its price target on Mondelez International, Inc. ($MDLZ) to $72 from $70 on October 16, 2026, and rates the stock "Overweight".

MDLZ Mondelez International, Inc.

$63.91 +22.25% year to date

Daily close · Oct 16, 2026

Key Points

Barclays reaffirmed its Overweight rating on Mondelez International while bumping its price target from $70.00 to $72.00 on October 16, 2026.
Barclays's $72 price target implies 12.75% upside from Mondelez International, Inc.'s ($MDLZ) current $63.86 share price.
Mondelez shares recently changed hands around $63.86, leaving the stock sitting roughly 11.3% below the new Barclays price target.
The snack food giant is preparing to report its next round of financial results on October 27, 2026.

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Barclays renewed its positive stance on Mondelez International, Inc. (NasdaqGS: MDLZ) on October 16, 2026, keeping an Overweight rating on the snack maker while lifting its price target to $72.00 from $70.00.

Analyst rating track record

Barclays vs. the S&P 500

YTD return -0.09% hypothetical

All-time return -0.09% S&P 500 +0.35%

vs. S&P 500 -0.44% behind the index

Hypothetical returns from Barclays's disclosed trades, not real profit or advice. How we model this.

Barclays Lifts Mondelez Price Target

In its update on October 16, 2026, Barclays maintained its Overweight rating on Mondelez and raised the bar on its target price from $70.00 to $72.00. The adjustment comes as major financial institutions continue to monitor the consumer goods sector heading into the autumn earnings season.

Other Institutional Activity in Mondelez International

Large investment firms have been steadily adjusting their stakes in Mondelez. Blackrock Inc. grew its holdings by 31,781 shares, ending with 105,969,321 shares worth about $6,772,499,288. Vanguard Capital Management LLC grew its holdings by 524,999 shares, ending with 83,858,130 shares worth about $5,359,373,075. Capital Research Global Investors grew its holdings by 1,359,249 shares, ending with 69,663,227 shares worth about $4,452,176,826. JPMORGAN CHASE & CO reduced its holdings by 1,391,863 shares, ending with 60,744,872 shares worth about $3,882,204,760. State Street Corporation reduced its holdings by 2,205,737 shares, ending with 59,579,607 shares worth about $3,807,732,674.

Mondelez International, Inc. Stock Up 4.9%

The company's shares closed at $63.95 on October 16, 2026, and recently traded around $63.86 as of that same day. That puts the recent price about equal to the event-day close and roughly 11.3% below the new $72.00 price target set by Barclays.

12-month forecast

$MDLZ price target

Mondelez International, Inc. daily closes and this analyst's $72 target. Not advice.

Recent Earnings

Mondelez generated $39,674,998,784 in trailing-twelve-month revenue alongside a trailing-twelve-month earnings per share of $2.73. The company posted a net margin of 8.9% and a return on equity of 13.3%, with year-over-year revenue growth coming in at 4.1%. The next earnings report is scheduled for October 27, 2026.

Dividend

Mondelez pays an annual dividend of $2.08 per share, backed by a dividend payout ratio of 73.3%.

Analysts Set New Price Targets

Wall Street firms have kept a close eye on the confectioner through the autumn. On July 29, 2026, BNP Paribas maintained its Outperform rating with a $70.00 target, up from $68.00. Wells Fargo maintained an Overweight rating on October 5, 2026, while adjusting its target to $65.00 from $70.00. Alongside the Barclays update on October 16, 2026, JP Morgan maintained its Overweight rating while moving its target from $72.00 down to $71.00.

About Mondelez International, Inc.

Mondelez International manufactures and markets snack foods and beverages across the globe, producing popular cookies, crackers, chocolate bars, and powdered drink mixes. Its brands reach customers across North America, Latin America, Europe, Asia, and the Middle East.

Bottom Line

Investors will look toward the upcoming October 27 earnings release to see if the company's revenue and profit margins justify the optimism shown by Barclays and other major equity analysts.