5 Best Beverage Stocks To Buy Now

3. Mondelez International

Illinois-based MONDELEZ INTERNATIONAL INC Common Stock (NASDAQ: MDLZ) is mostly known for its food products, including Cadbury chocolate and Oreo cookies, but the company also makes beverages such as Tang and Bournvita. In the third quarter, Mondelez reported a 4.4% rise in organic sales, versus a 2.6% growth estimate.  Operating margin came in at 17.5%, crushing the Street’s estimate of 16.6%.

The company earned $0.63 per share in the quarter, while revenue in the period came in at $6.67 billion, ahead of the $6.48 billion estimates.

A total of 50 hedge funds tracked by Insider Monkey reported owning stakes in Mondelez as of the end of the third quarter. The total worth of these stakes is $2.67 billion.  Among these hedge funds is legendary investor and billionaire Ray Dalio of Bridgewater Associates, who bought 686,216 shares in the company, worth $39.42 million.

Follow Mondelez International Inc. (NASDAQ:MDLZ)