Freedom Broker downgraded Mondelēz International from Buy to Hold on June 26, while maintaining its price target at $71, implying over 16% upside. The analyst firm cited historically negative impacts of commodity inflation on profitability and a muted stock response to cocoa prices hitting a five-month high. Cocoa is trading above $5,000 per ton amid concerns over the West African mid-crop harvest, and the company has remained prudent with its fiscal 2026 guidance given cocoa volatility and subdued US biscuit performance.
Mondelez International IncDowngraded from Buy to Hold by Freedom Broker due to commodity inflation and muted stock response to cocoa price surge.