The company's already deep reach in developing markets, which represented 36% of sales in 2010, is expected to rise to 45% by 2020. Nestlé recently got cheaper. After it acquired Pfizer's (PFE) infant nutrition division earlier this year for $12 billion, shares dropped 5%. But don't worry, says Winters: "It positions them for forever." When it comes to brand stocks, Wall Street's short-term worries will only benefit long-term holders — and provide entry points for buyers. This story is from the July 12, 2012 issue of Fortune. Editor's note: We wrote that Nestlé's brands include Cheerios and Haagen-Dazs ice cream. In fact, Nestlé sells Cheerios outside the U.S. as part of a joint venture with General Mills, but General Mills owns the brand. In the case of Haagen-Dazs, Nestle sells the ice cream in the U.S. and Canada but licenses the brand from General Mills.