Like General Mills, Mondelez International (MDLZ -1.55%) boasts a long list of well-known brands. These include Cadbury, Chips Ahoy!, Oreo, Philadelphia, Ritz, Wheat Thins, and many others. The company’s sells products in more than 150 countries. Mondelez's business is structured around several key segments, each featuring a portfolio of brands, including biscuits, chocolate, gum, and candy.
Rising cocoa prices are significantly affecting Mondelez, with the company forecasting a potential 10% reduction in adjusted earnings per share in 2025 due to "unprecedented cocoa cost inflation." However, the company is still coming from a position of financial strength, and Mondelez’s geographic diversification and its strong slate of brands are attractive assets as economic uncertainty grows.