The Deerfield, IL-based company reported $6.3 billion in revenue, which was lower than Wall Street's expected $6.33 billion for the quarter.
Mondelez also reported adjusted earnings of 44 cents per share, topping analysts' estimates of 40 cents per share.
CEO Irene Rosenfield said the company faced "a challenging macro environment" in the previous quarter. Snack giant Mondelez made a $23 billion bid for Hershey (HSY) at the end of June, but the offer was rejected.
The company is now looking to expand into new markets, introducing its Milka chocolate brand in China in September, the Financial Times reports. Rosenfield said this is a potential $2.8 billion market.
"Our ongoing focus on operational efficiency enables us to invest for sustainable, profitable growth in our Power Brands, white-space expansion and sales capabilities," she added.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of A-.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. TheStreet Ratings feels its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: MDLZ