Normalizing Cocoa Costs Repositions Mondelez -- Market Talk

Dow Jones

Feb 25, 2025

1225 ET - The normalization in the costs associated with the cocoa market should improve Mondelez International and Hershey's hedging positioning, TD Cowen analysts say in a research note. Cocoa spot prices have seen a 19% pullback since the beginning of the year, and futures curve have shifted down 12%, the analysts say. TD Cowen increases its Mondelez 2026 EPS estimates to $3.15 in response to the pullback and sees further upside to its 2026 and 2027 estimates if cocoa costs continue to normalize, even if these markets are inherently volatile and difficult to predict. "We continue to favor Mondelez's long-term positioning due to its strong brands and advantaged platform in developing markets." TD Cowen raises its Mondelez target price to $71 a share from $57 a share previously. Shares rise 1.3% to $65.53. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

February 24, 2025 12:26 ET (17:26 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2514777191"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2514777191\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2514777191?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-25 01:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2514777191","market":"other","top_or_hot":-1,"title":"Normalizing Cocoa Costs Repositions Mondelez -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1225 ET - The normalization in the costs associated with the cocoa market should improve Mondelez International and Hershey's hedging positioning, TD Cowen analysts say in a research note. Cocoa spot prices have seen a 19% pullback since the beginning of the year, and futures curve have shifted down 12%, the analysts say. TD Cowen increases its Mondelez 2026 EPS estimates to $3.15 in response to the pullback and sees further upside to its 2026 and 2027 estimates if cocoa costs continue to normalize, even if these markets are inherently volatile and difficult to predict. \"We continue to favor Mondelez's long-term positioning due to its strong brands and advantaged platform in developing markets.\" TD Cowen raises its Mondelez target price to $71 a share from $57 a share previously. Shares rise 1.3% to $65.53. (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 12:26 ET (17:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Normalizing Cocoa Costs Repositions Mondelez -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNormalizing Cocoa Costs Repositions Mondelez -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-25 01:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1225 ET - The normalization in the costs associated with the cocoa market should improve Mondelez International and Hershey's hedging positioning, TD Cowen analysts say in a research note. Cocoa spot prices have seen a 19% pullback since the beginning of the year, and futures curve have shifted down 12%, the analysts say. TD Cowen increases its Mondelez 2026 EPS estimates to $3.15 in response to the pullback and sees further upside to its 2026 and 2027 estimates if cocoa costs continue to normalize, even if these markets are inherently volatile and difficult to predict. \"We continue to favor Mondelez's long-term positioning due to its strong brands and advantaged platform in developing markets.\" TD Cowen raises its Mondelez target price to $71 a share from $57 a share previously. Shares rise 1.3% to $65.53. (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 12:26 ET (17:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MDLZ","symbol_name":"亿滋","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514777191","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514777191","pubTimestamp":1740417960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1225 ET - The normalization in the costs associated with the cocoa market should improve Mondelez International and Hershey's hedging positioning, TD Cowen analysts say in a research note. Cocoa spot prices have seen a 19% pullback since the beginning of the year, and futures curve have shifted down 12%, the analysts say. TD Cowen increases its Mondelez 2026 EPS estimates to $3.15 in response to the pullback and sees further upside to its 2026 and 2027 estimates if cocoa costs continue to normalize, even if these markets are inherently volatile and difficult to predict. \"We continue to favor Mondelez's long-term positioning due to its strong brands and advantaged platform in developing markets.\" TD Cowen raises its Mondelez target price to $71 a share from $57 a share previously. Shares rise 1.3% to $65.53. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MDLZ":"亿滋","BK4505":"高瓴资本持仓","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","BK4212":"包装食品与肉类","BK4504":"桥水持仓","BK4559":"巴菲特持仓","BK4588":"碎股","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","HSY":"好时","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","BK4532":"文艺复兴科技持仓","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4585":"ETF&股票定投概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC"},"translate_title":"可可成本正常化重新定位亿滋——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSY":0.9,"MDLZ":1},"content_text":"1225 ET - The normalization in the costs associated with the cocoa market should improve Mondelez International and Hershey's hedging positioning, TD Cowen analysts say in a research note. Cocoa spot prices have seen a 19% pullback since the beginning of the year, and futures curve have shifted down 12%, the analysts say. TD Cowen increases its Mondelez 2026 EPS estimates to $3.15 in response to the pullback and sees further upside to its 2026 and 2027 estimates if cocoa costs continue to normalize, even if these markets are inherently volatile and difficult to predict. \"We continue to favor Mondelez's long-term positioning due to its strong brands and advantaged platform in developing markets.\" TD Cowen raises its Mondelez target price to $71 a share from $57 a share previously. Shares rise 1.3% to $65.53. (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2025 12:26 ET (17:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}