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5. Mondelez International, Inc. (NASDAQ:MDLZ)

Number of Hedge Fund Holders In Q3 2024: 51

Mondelez International, Inc. (NASDAQ:MDLZ) is a well-known food products company that sells items such as Oreos, Dairy Milk, and Toblerone. Like its peers, the firm closed 2024 on a muted note as high inflation dealt it with a double whammy. Higher cocoa prices meant that Mondelez International, Inc. (NASDAQ:MDLZ) struggled with cost inflation, while higher consumer inflation reduced the demand for its products. Cramer’s previous remarks about the firm have focused on cocoa prices. Here are his latest comments:

“Okay so Mondelez is emblematic of what’s happening here. This time, what’s playing havoc with them is high cocoa price. I thought they would come down. They haven’t come down. So what you have is you have this echo right through, we have Oreos, price of the Toblerone, anything from chocolates. So what happens David is people saying can they pass through the price increases. They kind of can. So their margins get squeezed. Very typical of what’s happening in this moment.”