Wells Fargo cuts target for Mondelez International stock

Published on 10/06/2026 at 17:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo cut the target for Mondelez International stock to USD 65.00 on October 5, 2026. Second-quarter revenue reached USD 9.36 billion.

Nasdaq-Börsenparkett mit Händlern und Konsumgüter-Sektor-Kursdiagrammen auf Bildschirmen — Mondelez International Aktie an der Nasdaq mit Konsumgueter Sektor Charts im Boersen Editorial, ISIN US6092071058, Illustration mit AI erstellt.

Wells Fargo cut its Mondelez International price target from USD 70.00 to USD 65.00 on October 5, 2026, while maintaining an overweight rating, according to MarketBeat. The revision puts the latest target below other recent analyst targets ranging from USD 70.00 to USD 73.00.

Target cut meets strong quarter

The target reduction contrasts with Mondelez's second-quarter operating performance. The company reported revenue of USD 9.36 billion for the second quarter of 2026, up 4.10 percent from the same period a year earlier, according to MarketBeat.

Adjusted earnings per share reached USD 0.73 in that quarter against consensus of USD 0.68, a USD 0.05 beat. Net income was USD 1.54 billion, compared with USD 547.00 million in the first quarter of 2026, according to the standardized financial statements.

Brands and supply chain add context

A separate October 6, 2026 report from Simply Wall St said Mondelez launched Toblerone Diamond Truffles with Biscoff worldwide and invested through Mondelez Canada in Area One Farms Fund V. The report connects the product launch with agricultural investment intended to support supply resilience.

That combination gives the target debate two opposing reference points. The latest quarter showed revenue growth and an earnings beat, while the new product and farm investment are longer-term initiatives rather than a direct revision to the 2026 outlook.

Market value before October results

Mondelez had a market capitalization of USD 76.4 billion and a 52-week range of USD 51.20 to USD 66.65 as of October 6, 2026. The company is scheduled to report third-quarter 2026 results on October 27, 2026, according to Yahoo Finance. For investors, the next test is whether quarterly execution can narrow the gap between the USD 65.00 target and the wider analyst range.