Mondelez International: Despite The Declining Margins, We Believe The Valuation Is Attractive

sertsMondelez International, Inc. (NASDAQ:MDLZ), through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the United States and internationally. We have started coverage on the company in March 2023 with an initial neutral rating, which we have upgraded to a buy in August 2023. The primary reasons for our upgrade have been the attractive return to shareholders in the form of quarterly dividends and share buybacks, as well as the strong financial performance, includi ...