Mondelez faces unprecedented cocoa cost inflation with futures at multi-decade highs eroding chocolate category margins. Pricing actions are causing elasticity in European chocolate where consumer pushback is visible at retailer level. Biscuits portfolio more defensive. Hedging program provides 12-month protection but rolling forward at higher prices. Risk-reward skewed negative until cocoa supply normalizes (likely 2027+).
| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| LRLCY | L'Oreal SA | 78 | +7% | ↑15% | ENTRY |
| HESAY | Hermes International | 76 | +18% | ↓16% | ENTRY |
| WMT | Walmart Inc. | 73 | +16% | ↓12% | WATCH |
| RACE | Ferrari NV | 73 | +17% | ↓12% | WATCH |
| ADDYY | Adidas AG | 72 | +7% | ↑16% | WATCH |
| TJX | The TJX Companies Inc. | 72 | +9% | ↑12% | WATCH |
| PM | Philip Morris International Inc. | 71 | +15% | ↓10% | WATCH |
Cocoa futures stay above $10,000/ton, fourth consecutive quarter
Mondelez Europe chocolate volume -8% as price elasticity bites
Estimates · Yahoo Finance · Not audited figures