5 Best Counter Cyclical Stocks to Buy Now

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In this article, we discuss 5 best counter cyclical stocks to buy now. If you want to read about some more counter cyclical stocks, go directly to 10 Best Counter Cyclical Stocks to Buy Now.

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

Number of Hedge Fund Holders: 48    

Mondelez International, Inc. (NASDAQ:MDLZ) manufactures, markets, and sells snack food and beverage products worldwide. It is one of the best counter cyclical stocks to invest in. On October 12, Mondelez India’s Sri City factory was awarded the World Economic Forum’s 4th Advanced Industrial Revolution 4IR Digital Lighthouse award. It was one of the first FMCG plants in India which was awarded for digital excellence. 

On October 14, Morgan Stanley analyst Pamela Kaufman maintained an Overweight rating on Mondelez International (NASDAQ:MDLZ) stock and lowered the price target to $63 from $70, citing the company’s strong pricing-led organic sales growth amid significant gross margin pressure.

At the end of the second quarter of 2022, 48 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in Mondelez International, Inc. (NASDAQ:MDLZ), compared to 48 in the previous quarter worth $1.6 billion.

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