Slowing global growth amid intense competition unlikely to eat into Mondelez's leading edge.
Wide-moat Mondelez delivered second-quarter results in line with its July preannouncement as organic sales slipped 2.7% (almost entirely driven by the impact of the global cyberattack at the end of June) and adjusted operating margins expanded 90 basis points to 16.3%.However, these results were overshadowed by the news that CEO Irene Rosenfeld is poised to step down in November and will be succeeded by Dirk Van de Put (currently CEO of McCain Foods, a privately held Canadian food firm). While ...
Mondelez International sells food and beverage products. The company makes and sells primarily snacks, including biscuits (cookies, crackers and salted snacks), chocolate, gum and candy, as well as various cheese and grocery and powdered beverage products. The company's portfolio includes snack brands such as Cadbury, Milka and Toblerone chocolate; Oreo, belVita and LU biscuits; Halls candy; Trident gum and Tang powdered beverages. The company's operations and management structure are organized into four operating segments: Latin America; Asia, Middle East and Africa; Europe; and North America. The company sells its products to supermarket chains, wholesalers, supercenters, value stores and other retail food outlets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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