Author shares a sell list, with Mondelez as a sell candidate because of weak management performance and poor returns on capital, while also seeing near-term upside from anti-AI food sentiment and cocoa deflation.
MDLZ — AVOID Author lists Mondelez as a sell candidate because management performance during the cocoa crisis was poor, with return on invested capital barely covering cost of capital. He holds the stock at breakeven including dividends and intends to sell eventually to raise cash, but sees no urgency because he expects near-term price appreciation.
Mondelez is a sell candidate because despite having a better suite of products (Oreo, Cadbury, Toblerone, Ritz, Chips Ahoy!, Milka, Belvita, and Sour Patch Kids), i find the management's performance during the crisis to be less than ideal.