Subtext

Mondelez International, Inc. MDLZ

SectorConsumer Staples
Transcripts72
Date range2007-08-01 – 2025-04-29
Calls charted72

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-35-18+0+18+352007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Overall: +11.12007 Q3 · Overall: +10.02007 Q4 · Overall: +8.32008 Q1 · Overall: +16.42008 Q2 · Overall: +12.42008 Q3 · Overall: +13.62008 Q4 · Overall: +11.42009 Q1 · Overall: +13.12009 Q2 · Overall: +12.32009 Q3 · Overall: +6.22009 Q4 · Overall: +16.22010 Q1 · Overall: +11.42010 Q2 · Overall: +11.22010 Q3 · Overall: +5.12010 Q4 · Overall: +11.12011 Q1 · Overall: +13.02011 Q2 · Overall: +14.62011 Q3 · Overall: +11.92011 Q4 · Overall: +30.52012 Q1 · Overall: +12.12012 Q2 · Overall: +6.62012 Q3 · Overall: +2.72012 Q4 · Overall: +10.02013 Q1 · Overall: +7.62013 Q2 · Overall: +7.62013 Q3 · Overall: +5.82013 Q4 · Overall: +5.62014 Q1 · Overall: +7.32014 Q2 · Overall: +4.42014 Q3 · Overall: +11.62014 Q4 · Overall: +6.22015 Q1 · Overall: +15.82015 Q2 · Overall: +9.42015 Q3 · Overall: +10.52015 Q4 · Overall: +11.82016 Q1 · Overall: +12.22016 Q2 · Overall: +8.92016 Q3 · Overall: +10.82016 Q4 · Overall: +8.22017 Q1 · Overall: +14.02017 Q2 · Overall: +9.72017 Q3 · Overall: +17.52017 Q4 · Overall: +14.42018 Q1 · Overall: +17.62018 Q2 · Overall: +17.52018 Q3 · Overall: +15.82018 Q4 · Overall: +17.72019 Q1 · Overall: +14.82019 Q2 · Overall: +15.62019 Q3 · Overall: +10.82019 Q4 · Overall: +14.92020 Q1 · Overall: +5.92020 Q2 · Overall: +6.42020 Q3 · Overall: +13.22020 Q4 · Overall: +12.42021 Q1 · Overall: +11.92021 Q2 · Overall: +10.32021 Q3 · Overall: +9.22021 Q4 · Overall: +10.42022 Q1 · Overall: +11.42022 Q2 · Overall: +14.42022 Q3 · Overall: +13.92022 Q4 · Overall: +11.12023 Q1 · Overall: +21.82023 Q2 · Overall: +18.62023 Q3 · Overall: +15.62023 Q4 · Overall: +13.32024 Q1 · Overall: +2.52024 Q2 · Overall: +16.42024 Q3 · Overall: +13.02024 Q4 · Overall: +14.42025 Q1 · Overall: +12.5
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-43-22+0+22+432007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · CEO: +23.02007 Q3 · CEO: +20.22007 Q4 · CEO: +15.02008 Q1 · CEO: +30.02008 Q2 · CEO: +19.52008 Q3 · CEO: +25.22008 Q4 · CEO: +18.62009 Q1 · CEO: +27.32009 Q2 · CEO: +24.22009 Q3 · CEO: +14.12009 Q4 · CEO: +25.92010 Q1 · CEO: +20.12010 Q2 · CEO: +19.32010 Q3 · CEO: +18.52010 Q4 · CEO: +25.62011 Q1 · CEO: +26.22011 Q2 · CEO: +23.02011 Q3 · CEO: +21.42011 Q4 · CEO: +34.32012 Q1 · CEO: +27.32012 Q2 · CEO: +20.92012 Q3 · CEO: +11.02012 Q4 · CEO: +22.52013 Q1 · CEO: +16.02013 Q2 · CEO: +16.12013 Q3 · CEO: +9.32013 Q4 · CEO: +17.32014 Q1 · CEO: +24.12014 Q2 · CEO: +8.42014 Q3 · CEO: +16.72014 Q4 · CEO: +13.42015 Q1 · CEO: +25.52015 Q2 · CEO: +18.12015 Q3 · CEO: +16.12015 Q4 · CEO: +22.92016 Q1 · CEO: +20.52016 Q2 · CEO: +11.42016 Q3 · CEO: +21.02016 Q4 · CEO: +17.52017 Q1 · CEO: +28.12017 Q2 · CEO: +19.12017 Q3 · CEO: +28.82017 Q4 · CEO: +20.32018 Q1 · CEO: +24.62018 Q2 · CEO: +23.02018 Q3 · CEO: +29.52018 Q4 · CEO: +22.62019 Q1 · CEO: +18.62019 Q2 · CEO: +21.82019 Q3 · CEO: +16.52019 Q4 · CEO: +16.22020 Q1 · CEO: +9.52020 Q2 · CEO: +8.12020 Q3 · CEO: +12.52020 Q4 · CEO: +18.22021 Q1 · CEO: +13.52021 Q2 · CEO: +11.02021 Q3 · CEO: +8.12021 Q4 · CEO: +13.02022 Q1 · CEO: +13.32022 Q2 · CEO: +22.32022 Q3 · CEO: +21.92022 Q4 · CEO: +17.12023 Q1 · CEO: +37.52023 Q2 · CEO: +23.02023 Q3 · CEO: +22.52023 Q4 · CEO: +24.22024 Q1 · CEO: +0.02024 Q2 · CEO: +23.92024 Q3 · CEO: +19.72024 Q4 · CEO: +23.82025 Q1 · CEO: +15.32007 Q2 · CFO: +15.42007 Q3 · CFO: +11.72007 Q4 · CFO: +10.32008 Q1 · CFO: +23.22008 Q2 · CFO: +19.72008 Q3 · CFO: +16.72008 Q4 · CFO: +13.72009 Q1 · CFO: +15.32009 Q2 · CFO: +15.32009 Q3 · CFO: +9.42009 Q4 · CFO: +4.72010 Q1 · CFO: +14.62010 Q2 · CFO: +16.22010 Q3 · CFO: +4.82010 Q4 · CFO: +11.12011 Q1 · CFO: +13.82011 Q2 · CFO: +19.92011 Q3 · CFO: +14.82011 Q4 · CFO: +22.92012 Q1 · CFO: +10.72012 Q2 · CFO: +8.42012 Q3 · CFO: +5.42012 Q4 · CFO: +10.82013 Q1 · CFO: +8.82013 Q2 · CFO: +7.22013 Q3 · CFO: +6.92013 Q4 · CFO: +6.52014 Q1 · CFO: +5.12014 Q2 · CFO: +4.52014 Q3 · CFO: +14.32014 Q4 · CFO: +10.42015 Q1 · CFO: +13.72016 Q3 · CFO: +10.92016 Q4 · CFO: +10.02017 Q1 · CFO: +12.92017 Q2 · CFO: +2.72017 Q3 · CFO: +19.62017 Q4 · CFO: +22.22018 Q1 · CFO: +17.12018 Q2 · CFO: +19.72018 Q3 · CFO: +11.62018 Q4 · CFO: +22.52019 Q1 · CFO: +18.72019 Q2 · CFO: +19.32019 Q3 · CFO: +6.52019 Q4 · CFO: +20.32020 Q1 · CFO: +3.02020 Q2 · CFO: +9.02020 Q3 · CFO: +19.22020 Q4 · CFO: +13.52021 Q1 · CFO: +21.92021 Q2 · CFO: +16.92021 Q3 · CFO: +12.92021 Q4 · CFO: +19.22022 Q1 · CFO: +16.92022 Q2 · CFO: +12.02022 Q3 · CFO: +11.22022 Q4 · CFO: +13.22023 Q1 · CFO: +19.72023 Q2 · CFO: +22.92023 Q3 · CFO: +12.32023 Q4 · CFO: +9.62024 Q1 · CFO: +2.82024 Q2 · CFO: +14.22024 Q3 · CFO: +13.12024 Q4 · CFO: +11.12025 Q1 · CFO: +10.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-49-25+0+25+492007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Prepared remarks: +21.92007 Q3 · Prepared remarks: +18.42007 Q4 · Prepared remarks: +16.72008 Q1 · Prepared remarks: +30.62008 Q2 · Prepared remarks: +18.02008 Q3 · Prepared remarks: +24.22008 Q4 · Prepared remarks: +19.72009 Q1 · Prepared remarks: +15.52009 Q2 · Prepared remarks: +25.52009 Q3 · Prepared remarks: +14.22009 Q4 · Prepared remarks: +18.12010 Q1 · Prepared remarks: +20.02010 Q2 · Prepared remarks: +29.42010 Q3 · Prepared remarks: +18.62010 Q4 · Prepared remarks: +18.62011 Q1 · Prepared remarks: +26.12011 Q2 · Prepared remarks: +29.82011 Q3 · Prepared remarks: +27.62011 Q4 · Prepared remarks: +30.52012 Q1 · Prepared remarks: +26.92012 Q2 · Prepared remarks: +14.02012 Q3 · Prepared remarks: +11.72012 Q4 · Prepared remarks: +23.12013 Q1 · Prepared remarks: +18.22013 Q2 · Prepared remarks: +16.92013 Q3 · Prepared remarks: +9.32013 Q4 · Prepared remarks: +16.42014 Q1 · Prepared remarks: +17.22014 Q2 · Prepared remarks: +10.12014 Q3 · Prepared remarks: +18.92014 Q4 · Prepared remarks: +10.72015 Q1 · Prepared remarks: +21.82015 Q2 · Prepared remarks: +14.22015 Q3 · Prepared remarks: +18.22015 Q4 · Prepared remarks: +22.42016 Q1 · Prepared remarks: +19.52016 Q2 · Prepared remarks: +18.12016 Q3 · Prepared remarks: +19.02016 Q4 · Prepared remarks: +14.82017 Q1 · Prepared remarks: +24.02017 Q2 · Prepared remarks: +8.82017 Q3 · Prepared remarks: +30.52017 Q4 · Prepared remarks: +26.02018 Q1 · Prepared remarks: +34.62018 Q2 · Prepared remarks: +30.52018 Q3 · Prepared remarks: +30.32018 Q4 · Prepared remarks: +35.62019 Q1 · Prepared remarks: +30.02019 Q2 · Prepared remarks: +32.52019 Q3 · Prepared remarks: +24.02019 Q4 · Prepared remarks: +26.42020 Q1 · Prepared remarks: +11.92020 Q2 · Prepared remarks: +7.92020 Q3 · Prepared remarks: +22.52020 Q4 · Prepared remarks: +33.22021 Q1 · Prepared remarks: +40.72021 Q2 · Prepared remarks: +25.92021 Q3 · Prepared remarks: +14.42021 Q4 · Prepared remarks: +19.72022 Q1 · Prepared remarks: +17.52022 Q2 · Prepared remarks: +22.92022 Q3 · Prepared remarks: +23.52022 Q4 · Prepared remarks: +22.22023 Q1 · Prepared remarks: +34.72023 Q2 · Prepared remarks: +29.62023 Q3 · Prepared remarks: +28.82023 Q4 · Prepared remarks: +24.72024 Q1 · Prepared remarks: +43.02024 Q2 · Prepared remarks: +23.32024 Q3 · Prepared remarks: +22.52024 Q4 · Prepared remarks: +23.22025 Q1 · Prepared remarks: +13.42007 Q2 · Q&A responses: +19.22007 Q3 · Q&A responses: +10.62007 Q4 · Q&A responses: +6.82008 Q1 · Q&A responses: +21.22008 Q2 · Q&A responses: +17.92008 Q3 · Q&A responses: +16.72008 Q4 · Q&A responses: +11.12009 Q1 · Q&A responses: +21.92009 Q2 · Q&A responses: +12.52009 Q3 · Q&A responses: +8.72010 Q1 · Q&A responses: +14.52010 Q2 · Q&A responses: +9.82010 Q3 · Q&A responses: +6.22010 Q4 · Q&A responses: +18.32011 Q1 · Q&A responses: +16.42011 Q2 · Q&A responses: +13.62011 Q3 · Q&A responses: +8.92012 Q1 · Q&A responses: +10.32012 Q2 · Q&A responses: +10.72012 Q3 · Q&A responses: +2.82012 Q4 · Q&A responses: +8.52013 Q1 · Q&A responses: +7.82013 Q2 · Q&A responses: +6.12013 Q3 · Q&A responses: +6.82013 Q4 · Q&A responses: +2.72014 Q1 · Q&A responses: +9.42014 Q2 · Q&A responses: +5.12014 Q3 · Q&A responses: +12.92014 Q4 · Q&A responses: +12.72015 Q1 · Q&A responses: +19.32015 Q2 · Q&A responses: +7.92015 Q3 · Q&A responses: +10.22015 Q4 · Q&A responses: +13.32016 Q1 · Q&A responses: +14.92016 Q2 · Q&A responses: +6.02016 Q3 · Q&A responses: +10.72016 Q4 · Q&A responses: +10.82017 Q1 · Q&A responses: +15.42017 Q2 · Q&A responses: +11.92017 Q3 · Q&A responses: +15.92017 Q4 · Q&A responses: +15.02018 Q1 · Q&A responses: +12.32018 Q2 · Q&A responses: +13.02018 Q3 · Q&A responses: +13.72018 Q4 · Q&A responses: +12.82019 Q1 · Q&A responses: +10.92019 Q2 · Q&A responses: +13.32019 Q3 · Q&A responses: +6.62019 Q4 · Q&A responses: +11.92020 Q1 · Q&A responses: +4.02020 Q2 · Q&A responses: +8.62020 Q3 · Q&A responses: +9.32020 Q4 · Q&A responses: +13.02021 Q1 · Q&A responses: +14.12021 Q2 · Q&A responses: +11.92021 Q3 · Q&A responses: +5.22021 Q4 · Q&A responses: +11.92022 Q1 · Q&A responses: +12.02022 Q2 · Q&A responses: +11.92022 Q3 · Q&A responses: +8.22022 Q4 · Q&A responses: +9.22023 Q1 · Q&A responses: +19.42023 Q2 · Q&A responses: +17.72023 Q3 · Q&A responses: +9.72023 Q4 · Q&A responses: +11.82024 Q1 · Q&A responses: -2.22024 Q2 · Q&A responses: +13.72024 Q3 · Q&A responses: +8.02024 Q4 · Q&A responses: +9.62025 Q1 · Q&A responses: +12.5
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.61$2.68$3.752007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: $1.752014 Q2: $1.852014 Q3: $1.862014 Q4: $1.862015 Q1: $1.792015 Q2: $1.862015 Q3: $1.982015 Q4: $2.032016 Q1: $1.822016 Q2: $1.972016 Q3: $2.032016 Q4: $2.122017 Q1: $2.162017 Q2: $2.232017 Q3: $2.272017 Q4: $2.362018 Q1: $2.522018 Q2: $2.562018 Q3: $2.492018 Q4: $2.492019 Q1: $2.532019 Q2: $2.602019 Q3: $2.632019 Q4: $2.652020 Q1: $2.722020 Q2: $2.652020 Q3: $2.752020 Q4: $2.822021 Q1: $2.922021 Q2: $3.022021 Q3: $3.082021 Q4: $3.112022 Q1: $3.102022 Q2: $3.062022 Q3: $3.102022 Q4: $3.082023 Q1: $3.232023 Q2: $3.332023 Q3: $3.462023 Q4: $3.492024 Q1: $3.592024 Q2: $3.602024 Q3: $3.56

Forward P/E

15.1019.3223.532007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: 19.462014 Q2: 20.302014 Q3: 19.022014 Q4: 19.352015 Q1: 19.542015 Q2: 21.872015 Q3: 21.762015 Q4: 22.092016 Q1: 22.952016 Q2: 22.312016 Q3: 20.962016 Q4: 20.202017 Q1: 20.652017 Q2: 20.552017 Q3: 18.072017 Q4: 18.192018 Q1: 17.452018 Q2: 15.682018 Q3: 17.462018 Q4: 16.632019 Q1: 18.692019 Q2: 21.222019 Q3: 20.832019 Q4: 20.582020 Q1: 17.132020 Q2: 19.892020 Q3: 21.102020 Q4: 20.282021 Q1: 19.802021 Q2: 20.812021 Q3: 19.682021 Q4: 20.832022 Q1: 20.022022 Q2: 19.262022 Q3: 19.452022 Q4: 21.842023 Q1: 20.562023 Q2: 21.962023 Q3: 20.622023 Q4: 20.952024 Q1: 19.902024 Q2: 18.362024 Q3: 21.05

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -3.0 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q1 tone ↑ +9.6 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2015 Q2 tone ↓ -6.4 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -3.3 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -2.6 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -4.4 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -3.1 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -2.9 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -4.8 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -9.0 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -3.2 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -3.0 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -10.8 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+12.5——View →
2024 Q42025-02-04+14.4——View →
2024 Q32024-10-29+13.0$3.5621.1View →
2024 Q22024-07-30+16.4$3.6018.4View →
2024 Q12024-04-30+2.5$3.5919.9View →
2023 Q42024-01-30+13.3$3.4920.9View →
2023 Q32023-11-01+15.6$3.4620.6View →
2023 Q22023-07-27+18.6$3.3322.0View →