Earnings dissapoint
Snack giant Mondelez reported their Q4 earnings and FY24 numbers. And to sum it up: They missed expectations and made clear again, that the high costs for cocoa and other commodities will be eating into their margins and earnings also in 2025.
Stock down further
After hours the stock was down even further having lost -30% now from 2023 ATH. The support at $56 seems to be broken to the downside with a next significant support at $50, which was during Covid in 2020.
What I am doing
I am stacking some more MDLZ shares since they got really cheap now. Of course there won‘t be an immediate turnaround but I believe in a midterm comeback later this year to early next year. The current cocoa harvest seems to look better again and while waiting I will get some really nice dividend yield of 3%.