For Mondelez (MDLZ), the outlook is less gloomy since cocoa only represents ~12% of COGS resulting in a ~300 basis point headwind to gross margin (versus ~500 basis points for Hershey).

Investing.com -- Piper Sandler downgraded both Hershey and Mondelez (NASDAQ:MDLZ) in separate notes Friday, citing prolonged cocoa cost pressures that are expected to weigh on earnings into 2026. The ...

Investing.com -- Jefferies downgraded Mondelez (NASDAQ:MDLZ) International from Buy to Hold, citing growing concerns over cocoa supply constraints that could weigh on the company's future earnings.

In 1948, Mondelez India (formerly Cadbury India Limited ... when the company partnered with farmers in the four southern states of India to introduce the cocoa crop – transforming the lives and ...

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