Mondelez International's Earnings Miss and Margin Decline Raise Concerns Over Dividend and Financial Sustainability

Mondelez International reported a net profit margin of 9.4%, down from 10.6% last year, despite averaging 1% annual earnings growth over the past five years. Analysts expect profit margins to climb to 11.1% within three years, but higher cocoa costs remain a headwind. Shares trade at $57.85, well below the estimated fair value of $114.98, with analyst targets averaging $69.83, or 21% higher. The mix of growth forecasts and discounted share price shapes a cautious debate around Mondelez's prospects.