In the following video, Motley Fool consumer goods analyst Blake Bos takes a look at Mondelez International's (NASDAQ:MDLZ) earnings report. The company missed estimates on earnings per share and revenue, and guided a bit lower for its operating earnings per share, which caused a little bit of a sell-off. One positive for the company was its ability to expand gross margins year over year from 2011 to 2012, but Europe continues to drag revenue down for the company. Blake tells investors whether he thinks this sell-off represents a buying opportunity, and what you should consider when you pay the premium price for this stock.

Blake Bos has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.