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Mondelez's M&A Strategy Helped Win Crunchy Gains, but Can the Momentum Last?

·7 min read
Mondelez's M&A Strategy Helped Win Crunchy Gains, but Can the Momentum Last?
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Mondelez International (NASDAQ: MDLZ), the parent of familiar snack food brands Triscuit, Jell-O, Toblerone, and Oreo, beat analyst expectations at both the top and bottom lines with its July 27 second-quarter 2021 earnings report. The company continues to pursue a strategy of opportunistic mergers and acquisitions (M&A), snapping up growing European cake and roll manufacturer Chipita as its latest major move. Matters look sweet and savory for Mondelez short term, but the question remains of whether its string of successes can continue.