- Reuters
UPDATE 1-Swedish investor AP7 to back study on Mondelez Russia business
At least one Mondelez investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent study of the risks of continuing to do business in Russia, which faces a vote at the company's annual meeting this month. McDonald's and Starbucks are among the brands that departed Russia after its 2022 invasion of Ukraine, while others such as Nestle remained there. AP7, which holds roughly 1.7 million Mondelez shares as of May, will support the resolution, said Johan Floren, the firm's chief environmental, social and governance and communication officer, in an email.
- Reuters
Swedish investor AP7 to back study on Mondelez Russia business
NEW YORK (Reuters) -At least one Mondelez investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent study of the risks of continuing to do business in Russia, which faces a vote at the company's annual meeting this month. McDonald's and Starbucks are among the brands that departed Russia after its 2022 invasion of Ukraine, while others such as Nestle remained there. AP7, which holds roughly 1.7 million Mondelez shares as of May, will support the resolution, said Johan Floren, the firm's chief environmental, social and governance and communication officer, in an email.
- InvestorPlace
The 3 Most Undervalued Consumer Stocks to Buy in May 2024
Investing in consumer stocks, particularly in the consumer staples sector, suits investors seeking reliability and stability in their portfolios. Consumer staples, such as food, beverages and household goods, are necessities that maintain consistent demand regardless of economic conditions. Companies in this sector often generate steady revenue and pay reliable dividends, offering a haven for investors during economic downturns. When considering undervalued consumer stocks, look for companies wi
