Mondelez has continued performing well...
...and activist pressure should be further dissipated by talk of more cost cuts freeing up extra monies for growth investments:
I have warmed up to Mondelez in the last six months and my latest view would be that anything near US$40 is a buying point. The above is basically very supportive to this.
...and the stock is within touching distance of that interesting US$90 level. Worth keeping an eye on in my view. As with Mondelez another relative performer in the consumer space.
The latter assertion cannot be said about P&G which has lagged over the last year:
Anyway a useful presentation from the company who attempted to answer one key question...
...with a few observations: