Is Mondelez International Inc (MDLZ) a Good Stock To Buy?

Because Mondelez International Inc (NASDAQ:MDLZ) has experienced a decline in interest from the smart money, logic holds that there lies a certain “tier” of hedgies that slashed their entire stakes by the end of the third quarter. It’s worth mentioning that Daniel S. Och’s OZ Management said goodbye to the biggest position of the “upper crust” of funds followed by Insider Monkey, totaling about $143.3 million in stock, and First Eagle Investment Management was right behind this move, as the fund said goodbye to about $62.4 million worth of shares. These bearish behaviors are important to note, as total hedge fund interest dropped by nine funds by the end of the third quarter.

Let’s also examine hedge fund activity in other stocks similar to Mondelez International Inc (NASDAQ:MDLZ). We will take a look at Lowe’s Companies, Inc. (NYSE:LOW), U.S. Bancorp (NYSE:USB), Danaher Corporation (NYSE:DHR), and Costco Wholesale Corporation (NASDAQ:COST). All of these stocks’ market caps match MDLZ’s market cap.

As you can see these stocks had an average of 53 funds with bullish positions and the average amount invested in these stocks was $3.07 billion. That figure was $5.90 billion in Mondelez’s case. Lowe’s Companies, Inc. (NYSE:LOW) is the most popular stock in this table. On the other hand U.S. Bancorp (NYSE:USB) is the least popular one with only 41 bullish hedge fund positions. Mondelez International Inc (NASDAQ:MDLZ) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Lowe’s  Companies, Inc. (NYSE:LOW) might be a better candidate to consider a long position.