11 Defensive Stocks Billionaires are Buying amid US Trade Tariff Uncertainty

6. Mondelez International, Inc. (NASDAQ:MDLZ)

Year to Date Returns as of July 29: 16.94%

Number of billionaires: 12

Number of Hedge Fund Holders: 52

Mondelez International, Inc. (NASDAQ:MDLZ) is one of the defensive stocks that billionaires are buying amid US trade tariff uncertainty. On July 8, the company announced a voluntary recall of RITZ Peanut Butter Cracker Sandwich products.

The recall is in response to incorrect labeling that poses risks to customers with peanut allergies and will affect four carton sizes of RITZ products sold nationwide. The mislabeling of inner packages could present serious health risks to individuals with peanut allergies.

It is recommended that consumers who are allergic to peanuts avoid consuming the impacted products and dispose of them. The recall does not apply to products that are not on the list, such as cartons that contain RITZ Cheese Cracker Sandwiches or those with other plant codes or expiration dates.

Mondelez International, Inc. (NASDAQ:MDLZ) is a multinational confectionery, food, and beverage company. The company produces and sells a variety of snacks, including biscuits, chocolate, gum, candy, and powdered beverages.