5 Best Future Food Stocks to Buy Now

4. 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 in Latin America, North America, Asia, the Middle East, Africa, and Europe. On November 1, the firm posted earnings for the third quarter of 2022, reporting earnings per share of $0.74, beating market estimates by $0.05. The revenue over the period was $7.76 billion, up 8.1% year-on-year and beating estimates by $320 million. 

On October 14, investment advisory Morgan Stanley maintained an Overweight rating on Mondelez International, Inc. (NASDAQ:MDLZ) stock and lowered the price target to $63 from $70. Analyst Pamela Kaufman issued the ratings update. 

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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