5 Best Food Stocks to Buy Now

1. Mondelez International Inc. (NASDAQ:MDLZ)

Investors with Long Positions (as of June 30): 49

Aggregate Value of Investors’ Holdings (as of June 30): $4.81 Billion

Mondelez International Inc. (NASDAQ:MDLZ) lost its some appeal among the hedge funds tracked by us, with 49 investors having positions in the stock at the end of the second quarter, compared to 65 registered in the previous quarter. Similarly, the value of the overall stakes in the stock declined by $1.31 billion during the recent reporting period. Therefore, their stakes accounted for 7.20% of Mondelez’s shares at the end of June. Even though the shares of Mondelez have advanced more than 17% since the beginning of the year, it appears that there is more room to run for the stock. The company has been heavily focused on reducing costs lately, and anticipates its cost cutting efforts to generate $1.5 billion in savings by 2018 and enhance operating margins to 15%-16% next year. Bill Ackman’s Pershing Square, which acquired 120.27 million shares of Mondelez International Inc. (NASDAQ:MDLZ) in August, believes that the company has great potential in the future (read article).

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