MDLZ vs. PEP: Mondelez vs. PepsiCo Stock Comparison

November 11, 2026

How do Mondelez (MDLZ) and PepsiCo (PEP) 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

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

Company profile comparison for Mondelez (MDLZ) and PepsiCo (PEP)
Profile Item	MDLZ	PEP
Name	Mondelēz International, Inc. Class A Common Stock	PepsiCo, Inc.
Country/Region	United States	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Food Products	Beverages
GICS Sub-Industry	Packaged Foods & Meats	Soft Drinks & Non-alcoholic Beverages
Market Capitalization	83.57 billion USD	192.61 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	June 13, 2001	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MDLZ

PEP

GSPC

Mondelez (MDLZ) vs. PepsiCo (PEP), 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 Mondelez (MDLZ) and PepsiCo (PEP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Mondelez (MDLZ) and PepsiCo (PEP)
Metric	MDLZ	PEP
Total Return (1Y)	19.76%	4.03%
Total Return (3Y, Annualized)	1.61%	-1.40%
Total Return (5Y, Annualized)	4.00%	0.55%

Risk Profile

Drawdown History

MDLZ

PEP

GSPC

Mondelez (MDLZ) vs. PepsiCo (PEP), 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 Mondelez (MDLZ) and PepsiCo (PEP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Mondelez (MDLZ) and PepsiCo (PEP)
Metric	MDLZ	PEP
Volatility (1Y, Annualized)	23.94%	21.68%
Beta (5Y)	0.33	0.30
Max Drawdown (5Y)	-29.14%	-30.32%
Avg. Volume (3M)	7.64M	8.86M

Risk-Adjusted Performance

Risk-Return Positioning

MDLZ and PEP 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 Mondelez (MDLZ) and PepsiCo (PEP)
Metric	MDLZ	PEP
Sharpe Ratio (1Y)	0.65	-0.01
Sortino Ratio (1Y)	1.02	-0.02

Profitability

ROE (TTM)

PepsiCo (PEP) at 52.19% clears its industry range for ROE, a sharper capital-efficiency signal than Mondelez (MDLZ) at 15.48%, which is closer to a typical peer reading.

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%

PEP

Food, Beverage & Tobacco industry group

52.19%

PEP: 52.19%
Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

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

Net Margin (TTM)

Both Mondelez (MDLZ) at 10.22% and PepsiCo (PEP) at 11.09% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

PEP

Food, Beverage & Tobacco industry group

11.09%

Max: 24.83%
Q3: 11.22%
PEP: 11.09%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

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

Operating Margin (TTM)

Mondelez (MDLZ) at 20.36% operates in the top operating margin quartile, ahead of PepsiCo (PEP) at 16.88%, which runs around its industry’s norm.

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%

PEP

Food, Beverage & Tobacco industry group

16.88%

Max: 34.91%
Q3: 17.57%
PEP: 16.88%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

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

Profitability Metrics

Profitability metrics for Mondelez (MDLZ) and PepsiCo (PEP)
Metric	MDLZ	PEP
ROE (TTM)	15.48%	52.19%
ROA (TTM)	5.35%	9.02%
Net Margin (TTM)	10.22%	11.09%
Operating Margin (TTM)	20.36%	16.88%
Gross Margin (TTM)	34.26%	54.33%

Growth

Revenue Growth

Both Mondelez (MDLZ) at 5.75% and PepsiCo (PEP) at 2.25% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both Mondelez (MDLZ) at -44.74% and PepsiCo (PEP) at -13.67% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Mondelez (MDLZ) and PepsiCo (PEP)
Metric	MDLZ	PEP
Revenue Growth (YoY)	5.75%	2.25%
Revenue Growth (3Y CAGR)	6.96%	2.83%
EPS Growth (YoY)	-44.74%	-13.67%
EPS Growth (3Y CAGR)	-1.20%	-2.23%

Financial Strength

Current Ratio (MRQ)

Both Mondelez (MDLZ) at 0.62 and PepsiCo (PEP) at 0.94 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

PEP

Food, Beverage & Tobacco industry group

0.94

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
PEP: 0.94
Min: 0.33

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

Debt / Equity (MRQ)

Mondelez (MDLZ) at 0.84 is near its industry mid-range for debt-to-equity ratio, while PepsiCo (PEP) at 2.31 sits above its benchmark range, pointing to a heavier debt load relative to equity.

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

PEP

Food, Beverage & Tobacco industry group

2.31

PEP: 2.31
Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Mondelez (MDLZ) and PepsiCo (PEP)
Metric	MDLZ	PEP
Current Ratio (MRQ)	0.62	0.94
Debt / Equity (MRQ)	0.84	2.31
Net Debt / EBITDA	2.75	2.12

Dividends

Dividend Yield (TTM)

PepsiCo (PEP) at 4.07% delivers top-quartile income for its industry, while Mondelez (MDLZ) at 3.02% pays a more typical yield — both are credible income propositions, PEP the richer one.

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%

PEP

Food, Beverage & Tobacco industry group

4.07%

Max: 9.38%
PEP: 4.07%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Mondelez (MDLZ) at 63.72% and PepsiCo (PEP) at 73.02% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

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%

PEP

Food, Beverage & Tobacco industry group

73.02%

Max: 199.19%
Q3: 81.03%
PEP: 73.02%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Mondelez (MDLZ) and PepsiCo (PEP)
Metric	MDLZ	PEP
Dividend Yield (TTM)	3.02%	4.07%
Dividend Payout Ratio (TTM)	63.72%	73.02%

Valuation

P/E Ratio (TTM)

Both Mondelez (MDLZ) at 20.83 and PepsiCo (PEP) at 17.78 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

PEP

Food, Beverage & Tobacco industry group

17.78

Max: 52.52
Q3: 30.78
Median: 18.76
PEP: 17.78
Q1: 12.77
Min: 4.72

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

P/S Ratio (TTM)

On P/S ratio, both Mondelez (MDLZ) at 2.09 and PepsiCo (PEP) at 1.96 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

PEP

Food, Beverage & Tobacco industry group

1.96

Max: 4.64
Q3: 2.27
PEP: 1.96
Median: 1.17
Q1: 0.52
Min: 0.00

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

P/B Ratio (MRQ)

Both look rich against book: Mondelez (MDLZ) at 3.15 sits in the upper P/B ratio quartile, and PepsiCo (PEP) at 8.65 prices even higher, above its industry range.

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

PEP

Food, Beverage & Tobacco industry group

8.65

PEP: 8.65
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

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

Valuation Metrics

Valuation metrics for Mondelez (MDLZ) and PepsiCo (PEP)
Metric	MDLZ	PEP
P/E Ratio (TTM)	20.83	17.78
P/S Ratio (TTM)	2.09	1.96
P/B Ratio (MRQ)	3.15	8.65
Free Cash Flow Yield (TTM)	3.57%	4.70%