Mondelez International, Inc. (MDLZ) Stock Analysis

Research · Sep 3, 2026

[MDLZ] Mondelez Thesis 2026: Cocoa Cost Surge Forces Guidance Reset Across Portfolio

Mondelez FY25 (Dec 31, 2025) at $38.54B revenue (+6%). NI $2.45B; EPS $1.89 (-45%). Cocoa price spike compressed GM 39.1%->28.0%. FCF $3.24B held. FY26 guide: organic +0-2%, cocoa coverage cost better, NA biscuit + EU chocolate disruption. 2027: step up in investments, significant uplift.

Research · Apr 10, 2026

Iran War Oil Shock: USO Up 24%, XLE Up 8% — Which ETFs Have More Room to Run?

War disruptions choke sugar exports from a key hub, spiking prices to benefit producers ADM and BG while pressuring Hershey, Mondelez, and KDP margins. Bunge leads conviction with 32% revenue growth and attractive P/E; Hershey trails as most vulnerable.