Mondelez (MDLZ) Target Lowered at TD Cowen as 2026 Staples Outlook Turns Cautious

Mondelez International, Inc. (NASDAQ:MDLZ) is included among the 13 Best Consumer Staples Dividend Stocks to Invest in Now.

On January 8, TD Cowen analyst Robert Moskow lowered the firm’s price target on Mondelez International, Inc. (NASDAQ:MDLZ) to $62 from $68 and kept a Buy rating on the shares. The move was part of TD Cowen’s broader 2026 outlook for consumer staples. The firm expects a “challenging” year for large-cap names, with volume growth unlikely to rebound meaningfully from the negative 0.9% seen in 2025 and pricing remaining “muted.”

Mondelez operates through several core segments built around biscuits, chocolate, gum, and candy. Each category carries a deep bench of established brands that continue to anchor the business. Cocoa costs remain a major headwind. The company has said unprecedented cocoa inflation could cut adjusted earnings per share by as much as 15% in 2025. At the same time, Mondelez is still operating from a position of financial strength. Its geographic reach and brand portfolio offer some insulation as economic uncertainty builds.

The dividend remains a steady part of the story. Mondelez International, Inc. (NASDAQ:MDLZ) has raised its payout every year for more than a decade, with the yield sitting near 3.7% as of January 7.

The company also benefits from broad brand recognition. Its lineup includes Cadbury, Chips Ahoy!, Oreo, Philadelphia, Ritz, and Wheat Thins, among many others. Mondelez sells its products in more than 150 countries, giving it scale that few peers can match.

While we acknowledge the potential of MDLZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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