This Wide-Moat Stock Is Still a Buy After Its Rally

Mondelez shares have rebounded from their 2026 lows and are up more than 16% year to date, but the stock is still described as about 20% undervalued versus a Morningstar fair value estimate of $77 per share. The company’s quarterly results are said to be holding up despite cost inflation and strained consumer spending. The article attributes the improvement to investment in brands and efficiency gains, including upgrades to its enterprise resource planning system, enhancements to its global supply chain, and cuts to non-consumer-facing media. Mondelez targets long-term sales growth of 3% to 5% and seeks expansion via more channels and new products. It also notes a Wide Morningstar Economic Moat rating and highlights risks from cocoa, sugar, dairy and grain input costs, consumer shifts toward value outlets, and potential recall-related quality issues.