ABEV vs. MDLZ: Ambev vs. Mondelez Stock Comparison

November 11, 2026

How do Ambev (ABEV) and Mondelez (MDLZ) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ambev (ABEV) and Mondelez (MDLZ) both fall under the Food, Beverage & Tobacco industry group, but ABEV is classified in Beverages while MDLZ is classified in Food Products.

Mondelez (MDLZ) trades as ordinary local shares, while Ambev (ABEV) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Ambev (ABEV) and Mondelez (MDLZ)
Profile Item	ABEV	MDLZ
Name	Ambev S.A. ADR	Mondelēz International, Inc. Class A Common Stock
Country/Region	Brazil	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Food Products
GICS Sub-Industry	Brewers	Packaged Foods & Meats
Market Capitalization	43.01 billion USD	83.57 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 5, 1997	June 13, 2001
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ABEV

MDLZ

GSPC

Ambev (ABEV) vs. Mondelez (MDLZ), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ambev (ABEV) and Mondelez (MDLZ). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ambev (ABEV) and Mondelez (MDLZ). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ambev (ABEV) and Mondelez (MDLZ)
Metric	ABEV	MDLZ
Total Return (1Y)	15.68%	19.76%
Total Return (3Y, Annualized)	5.87%	1.61%
Total Return (5Y, Annualized)	1.96%	4.00%

Risk Profile

Drawdown History

ABEV

MDLZ

GSPC

Ambev (ABEV) vs. Mondelez (MDLZ), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ambev (ABEV) and Mondelez (MDLZ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ambev (ABEV) and Mondelez (MDLZ)
Metric	ABEV	MDLZ
Volatility (1Y, Annualized)	35.89%	23.94%
Beta (5Y)	0.56	0.33
Max Drawdown (5Y)	-38.91%	-29.14%
Avg. Volume (3M)	26.44M	7.64M

Risk-Adjusted Performance

Risk-Return Positioning

ABEV and MDLZ are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ambev (ABEV) and Mondelez (MDLZ)
Metric	ABEV	MDLZ
Sharpe Ratio (1Y)	0.32	0.65
Sortino Ratio (1Y)	0.47	1.02

Profitability

ROE (TTM)

Ambev (ABEV) at 17.65% sits in the top ROE quartile, while Mondelez (MDLZ) at 15.48% is closer to the peer norm — stronger capital efficiency for ABEV.

ABEV

Food, Beverage & Tobacco industry group

17.65%

Max: 32.02%
ABEV: 17.65%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

MDLZ

Food, Beverage & Tobacco industry group

15.48%

Max: 32.02%
Q3: 16.61%
MDLZ: 15.48%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

Ambev (ABEV) at 17.69% retains a top-quartile share of revenue as profit, ahead of Mondelez (MDLZ) at 10.22%, which keeps about the industry-typical share.

ABEV

Food, Beverage & Tobacco industry group

17.69%

Max: 24.83%
ABEV: 17.69%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

MDLZ

Food, Beverage & Tobacco industry group

10.22%

Max: 24.83%
Q3: 11.22%
MDLZ: 10.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Both Ambev (ABEV) at 25.56% and Mondelez (MDLZ) at 20.36% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

ABEV

Food, Beverage & Tobacco industry group

25.56%

Max: 34.91%
ABEV: 25.56%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

MDLZ

Food, Beverage & Tobacco industry group

20.36%

Max: 34.91%
MDLZ: 20.36%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Ambev (ABEV) and Mondelez (MDLZ)
Metric	ABEV	MDLZ
ROE (TTM)	17.65%	15.48%
ROA (TTM)	10.27%	5.35%
Net Margin (TTM)	17.69%	10.22%
Operating Margin (TTM)	25.56%	20.36%
Gross Margin (TTM)	51.78%	34.26%

Growth

Revenue Growth

Mondelez (MDLZ) at 5.75% is around its peer norm for revenue growth, while Ambev (ABEV) at -1.35% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Ambev (ABEV) at 2.20% and Mondelez (MDLZ) at -44.74% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ambev (ABEV) and Mondelez (MDLZ)
Metric	ABEV	MDLZ
Revenue Growth (YoY)	-1.35%	5.75%
Revenue Growth (3Y CAGR)	3.45%	6.96%
EPS Growth (YoY)	2.20%	-44.74%
EPS Growth (3Y CAGR)	0.00%	-1.20%

Financial Strength

Current Ratio (MRQ)

Ambev (ABEV) at 1.06 keeps current ratio within its industry’s typical mid-range, while Mondelez (MDLZ) at 0.62 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MDLZ.

ABEV

Food, Beverage & Tobacco industry group

1.06

Max: 4.01
Q3: 2.35
Median: 1.53
ABEV: 1.06
Q1: 1.02
Min: 0.33

MDLZ

Food, Beverage & Tobacco industry group

0.62

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
MDLZ: 0.62
Min: 0.33

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Ambev (ABEV) at 0.03 keeps leverage in the lower industry quartile, while Mondelez (MDLZ) at 0.84 runs a more typical debt-to-equity mix.

ABEV

Food, Beverage & Tobacco industry group

0.03

Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
ABEV: 0.03
Min: 0.00

MDLZ

Food, Beverage & Tobacco industry group

0.84

Max: 2.19
Q3: 1.11
MDLZ: 0.84
Median: 0.68
Q1: 0.33
Min: 0.00

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Ambev (ABEV) and Mondelez (MDLZ)
Metric	ABEV	MDLZ
Current Ratio (MRQ)	1.06	0.62
Debt / Equity (MRQ)	0.03	0.84
Net Debt / EBITDA	-0.72	2.75

Dividends

Dividend Yield (TTM)

Mondelez (MDLZ) at 3.02% pays an industry-typical yield; Ambev (ABEV) at 9.64% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

ABEV

Food, Beverage & Tobacco industry group

9.64%

ABEV: 9.64%
Max: 9.38%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

MDLZ

Food, Beverage & Tobacco industry group

3.02%

Max: 9.38%
Q3: 3.77%
MDLZ: 3.02%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Both Ambev (ABEV) at 74.21% and Mondelez (MDLZ) at 63.72% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

ABEV

Food, Beverage & Tobacco industry group

74.21%

Max: 199.19%
Q3: 81.03%
ABEV: 74.21%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

MDLZ

Food, Beverage & Tobacco industry group

63.72%

Max: 199.19%
Q3: 81.03%
MDLZ: 63.72%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Ambev (ABEV) and Mondelez (MDLZ)
Metric	ABEV	MDLZ
Dividend Yield (TTM)	9.64%	3.02%
Dividend Payout Ratio (TTM)	74.21%	63.72%

Valuation

P/E Ratio (TTM)

Both Ambev (ABEV) at 14.68 and Mondelez (MDLZ) at 20.83 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ABEV

Food, Beverage & Tobacco industry group

14.68

Max: 52.52
Q3: 30.78
Median: 18.76
ABEV: 14.68
Q1: 12.77
Min: 4.72

MDLZ

Food, Beverage & Tobacco industry group

20.83

Max: 52.52
Q3: 30.78
MDLZ: 20.83
Median: 18.76
Q1: 12.77
Min: 4.72

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Ambev (ABEV) at 0.48 sits in the cheaper P/S ratio quartile while Mondelez (MDLZ) at 2.09 prices around its industry’s middle — ABEV costs less per dollar of sales, though read it alongside growth and margins.

ABEV

Food, Beverage & Tobacco industry group

0.48

Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
ABEV: 0.48
Min: 0.00

MDLZ

Food, Beverage & Tobacco industry group

2.09

Max: 4.64
Q3: 2.27
MDLZ: 2.09
Median: 1.17
Q1: 0.52
Min: 0.00

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Ambev (ABEV) at 2.38 is valued about in line with its industry on P/B ratio, while Mondelez (MDLZ) at 3.15 carries an above-peer premium to book — MDLZ is pricier on assets.

ABEV

Food, Beverage & Tobacco industry group

2.38

Max: 6.35
Q3: 3.07
ABEV: 2.38
Median: 1.58
Q1: 0.82
Min: 0.00

MDLZ

Food, Beverage & Tobacco industry group

3.15

Max: 6.35
MDLZ: 3.15
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

Ambev (ABEV) vs. Mondelez (MDLZ): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Ambev (ABEV) and Mondelez (MDLZ)
Metric	ABEV	MDLZ
P/E Ratio (TTM)	14.68	20.83
P/S Ratio (TTM)	0.48	2.09
P/B Ratio (MRQ)	2.38	3.15
Free Cash Flow Yield (TTM)	48.96%	3.57%