Elite Investors Are Pouring Into Mondelez International Inc (MDLZ)

As industrywide interest jumped, key hedge funds have been driving this bullishness. Pershing Square assembled the biggest position in Mondelez International Inc (NASDAQ:MDLZ). OZ Management also initiated a $242.9 million position during the quarter. The other funds with brand new MDLZ positions are Clifford Fox’s Columbus Circle Investors, Israel Englander’s Millennium Management, and Peter Muller’s PDT Partners.

Let’s check out hedge fund activity in other stocks similar to Mondelez International Inc (NASDAQ:MDLZ). We will take a look at NTT Docomo Inc (ADR) (NYSE:DCM), Westpac Banking Corporation (ADR) (NYSE:WBK), Lockheed Martin Corporation (NYSE:LMT), and Accenture Plc (NYSE:ACN). All of these stocks’ market caps match MDLZ’s market cap.

As you can see these stocks had an average of 22.25 hedge funds with bullish positions and the average amount invested in these stocks was $601 million. That figure was $6.88 billion in MDLZ’s case. Lockheed Martin Corporation (NYSE:LMT) is the most popular stock in this table. On the other hand Westpac Banking Corporation (ADR) (NYSE:WBK) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Mondelez International Inc (NASDAQ:MDLZ) is more popular among hedge funds, with soaring sentiment and far more money invested in it. Considering that hedge funds are extremely fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.