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  "documentTitle": "Multiple holdings (Pershing Square portfolio)",
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  "authorName": "Pershing Square",
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  "presentationDate": "2016-04-26 00:00:00",
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  "notes": "This slide serves as a company profile for an activist investor presentation.",
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      "kind": "disclaimer",
      "text": "(1) 2015 revenues are pro forma for the coffee JV transaction closed on July 2, 2015 (the “Coffee JV”) and the deconsolidation of MDLZ’s Venezuelan operations.",
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      "text": "Mondelez International logo",
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      "text": "One of the world's largest snack companies with 2015 revenues of ~$27 billion(1)\n~$65bn equity market capitalization\nBorn out of the breakup of Kraft Foods in 2012\nHigh-quality, simple, predictable, free-cash-flow-generative business\nOnly large, publicly traded, uncontrolled “pure-play” snacks company\nWe currently own shares and derivatives representing a ~5.7% ownership stake in the company",
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      "text": "ownership stake: 5.7%",
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      "kind": "title",
      "text": "Mondelez International (MDLZ)",
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