The wide-moat firm's agreement with Daniel Loeb and Third Point brings the months-long proxy battle to an end.
These investments should ensure the firm is able to weather competitive pressures.
The firm's efforts to reignite its sales and profit trajectory are gaining traction.
Cost pressures remain, but we still think the narrow-moat firm benefits from its scale advantages and low-cost position.
This wide-moat company trades well below our valuation and has a decent dividend yield.
Four of the wide-moat firm's five segments boasted sales gains in the mid- to high-single-digit range in the first quarter.
Although growth has continued to languish, investors should keep competitively advantaged names in the consumer defensive space on their shopping lists.