It’s no surprise that The Hershey Company NYSE: HSY and Mondelez International NASDAQ: MDLZ are lagging the broader market in 2025. However, it’s worth noting that Hershey stock has outperformed Mondelez nearly 2:1 this year. This comes despite rising cocoa prices that impact both companies. Cocoa prices may be beyond the companies’ control, but how each manages rising costs sets them apart. With Halloween and the holidays driving peak candy demand, the strength of their non-chocolate portfolios could deter ...