Morningstar Moat Trend Rating: Stable Morningstar Rating: 4 Stars Data as of Jan. 29, 2021 Beverage behemoth Coca-Cola owns the world’s leading carbonated beverage brands including Coke, Fanta, and Sprite, as well as nonsparkling brands, such as Minute Maid and Georgia Coffee. The company entered the hot-beverage market after buying British coffee giant Costa. Big Red generates most of its revenue internationally and is well positioned to benefit from the growing wealth in emerging markets. “Coca-Cola’s ubiquity and brand resonance in the nonalcoholic beverage category has been going strong for over 130 years, and we see structural dynamics that will ensure this persists,” says a Morningstar equity report.
Dirk Van de Put s appetite for acquisitions is growing as cash piles up at Mondelez International.
The giant snack-maker had $3.6 billion in cash as of Dec. 31, triple the amount it had a year earlier. Cash is pouring in as consumers riding out the pandemic at home rediscover Oreos, Ritz crackers and other childhood favorites. Chicago-based Mondelez is generating even more cash from selling off its stakes in ancillary businesses to focus on cookies and chocolate.
Earlier Last year, it was a remarkable year in terms of cash flow, CFO Luca Zaramella told an investor conference in December. Hopefully this year we will do a little bit better than last year.