Mondelez Reports Higher Profit, Plans to Expand in China -- Update
We've bumped up our fair value estimate for Mondelez as the firm's cost savings take hold.
Modest pockets of value emerge among consumer defensive companies.
Good day and welcome everyone to the Mondelez International First Quarter 2014 Earnings Conference Call. Today's call is scheduled to last about one hour, including, remarks by Mondelez's management and the question-and-answer session.