Van de Put Holds His Cards to His Chest as He Digests Mondelez's Global Fare; Shares Undervalued
After a mere two months on the job, recently appointed CEO Dirk Van de Put (formerly CEO of McCain Foods, a privately held Canadian food firm) presided over in-line fourth-quarter results at Mondelez, with organic sales up 2% (on top of 1.3% growth a year ago) and 180 basis points of adjusted operating margin expansion to 15.9%. While 2018 guidance generally aligned with its previously communicated outlook (low-single-digit sales growth and 100 basis points of adjusted operating margin improveme...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.
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