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NASDAQ:MDLZ
(A Top Pick Jul 16/20, Up 22%) Fairly defensive, and are the leaders in chocolate biscuits and gum which people are a lot of during last year's lockdowns. Oreo's and Mr. Christie's are well-known brands. They gained market share in the pandemic and continue to. The new CEO is growing margins and topline, so increasing their marketing spend. 37% of their revenues comes from emerging markets, which offers strong demand. Still trades at a reasonable PE compared to peers like Pepsico.
(A Top Pick May 13/20, Up 29%) Has owned this for years and will hang on. They posted a good quarter recently. When the pandemic hit, consumers stuck to big brands like Ritz Crackers, but MDLZ also attracted new customers. So, MDLZ advertised to keep and attract customers which paid off with organic growth. The valuation gap between MDLZ and global staples like Pepsi will close over time. Too pricey now, so buy on dips. 40% of business is in emerging markets and will grow further there.