5 Most Profitable Food Stocks

In this piece, we will take a look at the 5 most profitable food stocks. For more food companies, head on over to 14 Most Profitable Food Stocks.

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

Latest TTM Net Worth: $4.59 billion

Number of Hedge Fund Holders: 51

Mondelez International, Inc. (NASDAQ:MDLZ), known as Mondelēz International, is a multinational corporation headquartered in Chicago, specializing in confectionery, food, beverages, and snacks. Generating an annual revenue of around $26 billion, Mondelez operates in approximately 160 countries. The company currently provides a quarterly dividend of $0.425 per share and has demonstrated a consistent track record of dividend growth over the past nine years. As of December 20, the stock exhibits a dividend yield of 2.45%.

At the end of Q3 2023, 51 hedge funds in Insider Monkey’s database owned stakes in Mondelez International, Inc. (NASDAQ:MDLZ), compared with 55 in the previous quarter. The collective value of these stakes is over $1.33 billion. Among these hedge funds, Holocene Advisors was the company’s leading stakeholder in Q3.