Mondelez is also having to deal with cost inflation in its supply chain in respect to “unprecedented” cocoa prices.

Mondelez generated $3.5 billion in free cash ... Additional cost-saving measures, including productivity improvements in the supply chain and overhead reductions, are planned for 2025.

This valuation accounts for Mondelez's relative advantages compared to its food industry peers. However, the analysts point out that the potential for further upside is limited due to ongoing concerns ...