Wide-Moat Mondelez Cooks Up a Recipe for Sales Acceleration in 1Q; Shares Fairly Valued
The major question in advance of Mondelez’s first-quarter results was the extent to which the firm would be able to string together another period of improving top-line gains in the face of intense competitive angst (on top of the 1.2% and 2.5% organic sales growth realized in the last two quarters to close out fiscal 2018). And we think the firm’s 3.7% organic sales growth should serve to quell concerns that Mondelez’s strategic course to elevate its top-line trajectory by extending the distrib...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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