MONDELEZ INTERNATIONAL INC Common Stock (MDLZ)

Came out of Kraft, as the snack piece. Growing well organically, 6.3% y/y. Prides itself on stability. Snacks are evolving; there are healthy options. Worldwide opportunity for expansion, sub-20x earnings, good dividend. The side of the barbell that gives stability to counteract the octane of tech. Yield is 2.21%. (Analysts’ price target is $62.96)

Like Unilever, is a global consumer, defensive name. MDLZ offers world-famous brands in snacks that have done well in this pandemic.

(A Top Pick Aug 13/19, Up 4%) Still likes it. They make snacks globally with only 26% of revenues from North America. They benefitted from the pandemic, because consumers stuck to well-known brands like theirs. Emerging markets will grow faster, though enjoyed good growth in developed ones. She likes the global snacking space because it's high growth. They boast a valuation discount vs. Coke and Pepsi.

These companies are benefiting from the stay-at-home trend. There has been talk of merging with Kraft and that has kept the stock up. There is a lot of growth in the international side.

(Past Top Pick Oct. 10, 2017, Up 4%) Hasn't done much in the past year. A global leader in snacks, which grow faster than other consumer staples. Likes it as secular play for growth in emerging markets, with 40% of revenues there, and 60% outside North America. Starting to see some improvement, but watch the strength of the US dollar which pressure EM. Got a new CEO in December, who is reinvesting the business to grow the topline.

(A Top Pick July 12, 2017. Down 0.3%). 40% of their revenues are from emerging markets, which are buying more snacks. Emerging markets’ economies over the past year have been weaker but they are picking up. Developed economies are more mature and it is harder to increase business in them in this category. Among food products, the snacking category has the highest growth. Their brands include Cadbury, Oreo and Ritz Crackers: household names. She would buy at this level.

It is quite a trading stock. There is a floor around the high thirties and some technical resistance at the high forties. It is not a bad range. Don't buy and hold it.

A global leading snacks company. 40% is in emerging markets. They are in chocolates, biscuits and candy. It has pulled back from prior years, because emerging markets economies have not been doing as well. Things are starting to improve. They have a program in place to improve margins and thinks the volume growth will start to improve. Dividend yield of 2.1%. (Analysts’ price target is $48.00.)

(A Top Pick June 12/17. Down 6%.) This tends to move in a bit of a channel, and seems to find support somewhere in the $38-$39 range. It is in consumer staples, a sector that normally does very well in the summer, but this year didn't. It reported last night with pretty good numbers and the stock was up about 5% today. His view is that this could get back into the $44-$45 area, and then he will get out.