Mondelez stock price rises as cocoa slides to two-year low — CPI and CAGNY next for MDLZ
Mondelez shares rose 1.3% to $61.46 Wednesday afternoon, tracking gains in consumer staples as cocoa futures hit two-year lows after a sharp selloff. Cocoa settled near $3,978 a ton Tuesday amid rising inventories in West Africa. Mondelez said it has already locked in cocoa for 2026 at higher prices, limiting immediate margin relief. Traders await Friday’s U.S. CPI and Mondelez’s Feb. 17 CAGNY appearance for further signals.