Exciting week
Mondelez will report their 4th quarter earnings next tuesday along with the FY report for 2024. Exciting week ahead since the prize is close to an important support zone at $56. If we fall below that the next bigger support area is the Corona low at about $50. We are alreay down -27% compared to the ATH reached in 2023.
There‘s a lot of stuff prized in already imo, the high cocoa prizes, the weakening consumer demand because of the consequent price increases, declining EPS and so on. A little bit of positive surprise could spark hope and a relieve rallye. Though another bummer could draw the stock down further to really cheap territory.
What I am doing
I have already started to built a small position and will wait for the earnings before I continue to DCA in. The company has strong brands, a growing dividend and they recently posted a $9 billion anticyclical share repurchase initiative.
Who is optimistic and who is rather pessimistic for Mondelez going into 2025?
