

Mondelez vs Coca-Cola Europacific Partners
Global snack and candy leader with trusted brands vs Major bottler of Coca-Cola drinks across Europe and Asia. Which is the better buy for your portfolio in November 2026? Plain-English answer below.
Mondelez International sells snacks and biscuits including Oreo, Cadbury, and Ritz to consumers in more than 150 countries, earning its margins through strong brands and global distribution. Coca-Cola Europacific Partners bottles and distributes Coca-Cola beverages across Western Europe and the Asia-Pacific region under a long-term franchise agreement with the Coca-Cola Company. Both companies are branded consumer staples businesses with deep supermarket shelf presence and the pricing power to pass commodity costs to consumers. Mondelez vs Coca-Cola Europacific Partners compares an independent snacking giant against a licensed beverage bottler, showing how ownership of intellectual property versus franchise rights changes the long-term return profile.
Mondelez International sells snacks and biscuits including Oreo, Cadbury, and Ritz to consumers in more than 150 countries, earning its margins through strong brands and global distribution. Coca-Cola...
Why It’s Moving

Mondelez Leans on AI Efficiency and Emerging Market Snacking Strength to Drive Growth
- Strategic Partnership: Mondelēz has collaborated with Accenture to transform its end-to-end Order-to-Cash process using agentic AI, aiming to streamline operations and enhance financial workflows.
- Emerging Market Momentum: CEO Dirk Van de Put highlighted robust performance in international markets, specifically noting strong snacking trends in India and Brazil as critical drivers for current growth.
- Operational Resilience: Recent analysis points to sustained organic net revenue growth of 2.1% and significant margin expansion, supported by upcoming product refreshes like Oreo and strategic acquisitions such as Undercover Snacks.

CCEP Resilience Tested: Cost Pressures Offset Strong Q3 Volume Growth
- Revenue grew 5.8% on a comparable, foreign-exchange-neutral basis, supported by a 3.6% increase in volume and higher revenue per unit case.
- CEO Damian Gammell highlighted balanced performance across regions, channels, and product categories, signaling operational stability despite macro headwinds.
- Management flagged emerging cost pressures from geopolitical tensions but emphasized resilience through tight spending controls and productivity gains.

Mondelez Leans on AI Efficiency and Emerging Market Snacking Strength to Drive Growth
- Strategic Partnership: Mondelēz has collaborated with Accenture to transform its end-to-end Order-to-Cash process using agentic AI, aiming to streamline operations and enhance financial workflows.
- Emerging Market Momentum: CEO Dirk Van de Put highlighted robust performance in international markets, specifically noting strong snacking trends in India and Brazil as critical drivers for current growth.
- Operational Resilience: Recent analysis points to sustained organic net revenue growth of 2.1% and significant margin expansion, supported by upcoming product refreshes like Oreo and strategic acquisitions such as Undercover Snacks.

CCEP Resilience Tested: Cost Pressures Offset Strong Q3 Volume Growth
- Revenue grew 5.8% on a comparable, foreign-exchange-neutral basis, supported by a 3.6% increase in volume and higher revenue per unit case.
- CEO Damian Gammell highlighted balanced performance across regions, channels, and product categories, signaling operational stability despite macro headwinds.
- Management flagged emerging cost pressures from geopolitical tensions but emphasized resilience through tight spending controls and productivity gains.
Investment Analysis

Mondelez
MDLZ
Pros
- Mondelez benefits from a globally recognised portfolio of snack brands, including Oreo and Cadbury, supporting strong consumer demand.
- The company maintains solid profitability, with a return on equity above 13% and a dividend yield of around 3.5%.
- Mondelez is expanding into healthier product categories and emerging markets, positioning itself for long-term growth.
Considerations
- Recent quarterly results missed revenue expectations, raising concerns about top-line growth amid economic headwinds.
- High commodity costs, particularly for cocoa, have pressured margins and could remain volatile in the near term.
- The stock has underperformed over the past year, with notable price declines reflecting investor caution on near-term outlook.
Pros
- Coca-Cola Europacific Partners holds a dominant position in the European and Pacific beverage markets, benefiting from strong distribution networks.
- The company has a resilient business model, supported by recurring demand for non-alcoholic beverages and a focus on operational efficiency.
- CCEP maintains a solid balance sheet and generates consistent cash flow, supporting its ability to invest and return capital to shareholders.
Considerations
- CCEP's growth is closely tied to the performance of the Coca-Cola brand, making it vulnerable to shifts in consumer preferences.
- The company faces margin pressure from inflation and rising input costs, which could affect profitability in the short term.
- CCEP operates in a highly competitive sector, with ongoing challenges from private label and alternative beverage products.
Mondelez (MDLZ) Next Earnings Date
The next earnings date for Mondelez International has not been confirmed yet. Based on the company's historical reporting pattern of releasing results approximately three months after the previous quarter, the upcoming report is expected in February 2027. This release will cover the fourth quarter and full-year fiscal results for 2026.
Coca-Cola Europacific Partners (CCEP) Next Earnings Date
CCEP’s next scheduled earnings-related update is November 3, 2026. It is expected to cover the company’s third quarter of fiscal 2026. The release is likely to be a Q3 trading update rather than a full quarterly earnings report, consistent with CCEP’s reporting pattern.
Mondelez (MDLZ) Next Earnings Date
The next earnings date for Mondelez International has not been confirmed yet. Based on the company's historical reporting pattern of releasing results approximately three months after the previous quarter, the upcoming report is expected in February 2027. This release will cover the fourth quarter and full-year fiscal results for 2026.
Coca-Cola Europacific Partners (CCEP) Next Earnings Date
CCEP’s next scheduled earnings-related update is November 3, 2026. It is expected to cover the company’s third quarter of fiscal 2026. The release is likely to be a Q3 trading update rather than a full quarterly earnings report, consistent with CCEP’s reporting pattern.
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