The third-most popular stock when looking at the number of hedge funds holding a position in the company is Mondelez International Inc. (NASDAQ:MDLZ). There are 65 hedge funds that own equity holdings in this company, the number increasing from 63 at the end of 2014. However, the value of the overall holdings fell by more than 9%, to $6.11 billion from $6.76 billion. Although Mondelez International Inc. (NASDAQ:MDLZ)’s shares have risen by nearly 11% in 2015, the stock might move even higher as the European Union has recently approved the joint venture proposal of Mondelez and DE Master Blenders. The joint venture, called Jacobs Douwe Egberts, will launch a coffee business worth roughly $7 billion. One of the funds that increased its equity holdings in Mondelez International Inc. (NASDAQ:MDLZ) includes Nelson Peltz’s Trian Partners.
Molson Coors Brewing Company (NYSE:TAP) is a consumer non-durable stock owned by 62 hedge funds at the end of the most recent quarter. The number of hedge funds having positions in the company increased by 8 to 62, while the value of the total investments increased by more than 53% to $2.07 billion. A little while ago, Molson announced its better-than-expected financial results in spite of the foreign currency headwinds. While shares of Molson Coors Brewing Company (NYSE:TAP) decreased by 0.38% since the beginning of the current year, it seems that the company is in good financial health as it recently announced a quarterly dividend of $0.41 per share, providing a yield of 2.21%. Kenneth Mario Garschina’s Mason Capital Management is one of the hedge funds that remain bullish on Molson Coors Brewing Company (NYSE:TAP) as the fund increased its holding in the company during the first quarter.
Constellation Brands Inc. (NYSE:STZ) is another consumer non-durable company that has been very popular with hedge funds. The number of funds having positions in the drinks company increased to 62 from 61, while the value of the equity holdings in Constellation Brands Inc. rose to $4.34 billion from $4.24 billion. Even though Constellation Brands’ shares have increased by 20% in 2015, it is expected that there is still more room to rise for this company as the summer selling season is approaching. Constellation Brands Inc. (NYSE:STZ) is the owner of Crown Imports LLC, which produces the beer brand Corona Extra, which is the best-selling imported beer in the U.S. Therefore, the crucial summer selling season will reveal Constellation’s true financial performance. In the meantime, Michael Lowenstein’s Kensico Capital remains bullish on Constellation Brands Inc. (NYSE:STZ), owning one of the largest equity stakes in this company.
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