Investment Thesis:
Mondelez (MDLZ) controls an impressive and versatile selection of leading brands across the world. They have nine brands worth $1 billion or more, including BelVita, Cadbury, Halls, Milka, Oreo, Philadelphia, Tang, Toblerone, and Trident. On top of these market share dominating names, Mondelez also owns over 60 "local jewel" brands like Chips Ahoy!, Newton's, Wheat Thins, Triscuit, Ritz, Cote D'Or, and more. This suite of products allows Mondelez to exploit local trends and tastes.
Mondelez recently shifted to a more decentralized business strategy giving more decision