Mondelez International (MDLZ) Fell -6.6% in Q3

Cullen Capital Management, LLC, operating under the name Schafer Cullen Capital Management, Inc. (SCCM), has released its “SCCM Value Equity Strategy” third-quarter investor letter. A copy of the letter can be downloaded here. The US equity market continued the rally in the third quarter, with the S&P 500 returning 8.1% and the Russell 1000 Value surging 5.3%. The value equity strategy returned 6.9% (gross of fees) and 6.8% (net of fees) in the quarter, while the Russell 1000 Value and S&P 500 returned 5.3% and 8.1%, respectively, during the same period. The strategy returned 13.0% (gross), YTD, compared to the Russell 1000 Value’s +11.7% return and the S&P 500’s +14.8% return. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, SCCM Value Equity Strategy highlighted stocks such as Mondelez International, Inc. (NASDAQ:MDLZ). Mondelez International, Inc. (NASDAQ:MDLZ) manufactures and markets snack food and beverage products. The one-month return of Mondelez International, Inc. (NASDAQ:MDLZ) was -9.50%, and its shares lost 12.95% of their value over the last 52 weeks. On November 19, 2025, Mondelez International, Inc. (NASDAQ:MDLZ) stock closed at $56.08 per share, with a market capitalization of $72.564 billion.

SCCM Value Equity Strategy stated the following regarding Mondelez International, Inc. (NASDAQ:MDLZ) in its third quarter 2025 investor letter:

"Our stock selection within the Consumer Staples sector detracted from relative performance. Mondelez International, Inc. (NASDAQ:MDLZ) (-6.6%) declined after cocoa futures rose amid renewed concerns about crop yields in West Africa driven by dry weather conditions. Cocoa remains a key input cost for Mondelez, one that the company is working to de-risk by expanding its supply base beyond Africa to Southeast Asia."

Mondelez International, Inc. (NASDAQ:MDLZ) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 49 hedge fund portfolios held Mondelez International, Inc. (NASDAQ:MDLZ) at the end of the second quarter, compared to 52 in the previous quarter. While we acknowledge the potential of Mondelez International, Inc. (NASDAQ:MDLZ) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Mondelez International, Inc. (NASDAQ:MDLZ) and shared the list of best passive income stocks to buy. In Q3 2025, Mondelez International, Inc. (NASDAQ:MDLZ) contributed to the performance of Carillon Eagle Growth & Income Fund. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.