Stock of the Week: Mondelez

Cadbury maker is in the number one slot in Western Europe and Latin America for its confectionery, and Lindsell Train manager Nick Train is a big fan

James Gard 12 February, 2021 | 10:39AM
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With Valentine’s Day just two days away, our stock of the week looks at chocolate makers. Our Twitter readers have chosen Cadbury owner Mondelez (MDLZ) to melt their hearts, ahead of gold chocolate bunny maker Lindt & Spruengli (LISN) and Swiss confectionery giant Nestlé (NESN).

US multinational Mondelez is one of the largest listed food producers in the world, with brands including Ritz crackers, Philadelphia cheese and Tuc biscuits. It was formed by the splitting off of Kraft’s empire into grocery foods and snack foods. (Kraft Foods is now part of Kraft Heinz). But it was Kraft’s acquisition of UK chocolate brand Cadbury in 2010 that brought the company to UK investors’ attention. Cadbury had been a part of the FTSE 100 for 26 years when Kraft swooped for the venerable Quaker-founded company, causing a bitter-sweet takeover battle that dragged in politicians, unions and fund managers – and the British public, who feared that the British chocolate may never taste the same under American corporate hands.

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James Gard  is content editor for Morningstar.co.uk

 

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