Hedge Funds Are Betting on These Five Packaged Foods Stocks

#1 Mondelez International Inc (NASDAQ:MDLZ)

– Number of Hedge Fund Holders (as of September 30): 69
– Total Value of Hedge Fund Holdings (as of September 30): $6.88 billion
– Hedge Fund Holdings as Percent of Float (as of September 30): 10.20%

Mondelez International Inc (NASDAQ:MDLZ) has been a winner for Bill Ackman’s Pershing Square, as shares of the company are up by 20.6% year-to-date. Mondelez management has taken the famous activist’s advice and is considering selling non-core assets and cutting costs. The company has already implemented a $3.5 billion cost cutting strategy to be completed by the end of 2018 and is also considering selling its European cheese and grocery business. A potential sale to Kraft or another conglomerate a few years from now isn’t out of the question either.

Disclosure: none