Hedge Funds Like The Moves This International Consumer Staples Giant Is Making

We think Mondelez is a good long-term holding. While Mondelez’s forward P/E of 20.66 is in line with Kraft Heinz’s forward P/E of 21.75, Mondelez will grow faster than Kraft because it is more international. Ackman is the best of his generation at unlocking shareholder value. Ackman successfully turned sleepy Botox maker Allergan into a $100 billion market cap stock and his requests can send Mondelez shares higher too. Ackman has done an admirable job so far, with Mondelez shares up by 17.5% year-to-date.

While analysts and Ackman are optimistic, hedge funds outside of Pershing Square are cautious on Mondelez International Inc (NASDAQ:MDLZ). Of the 730 elite funds we track, 49 funds owned $4.81 billion of the company’s shares, representing 7.20% of the float, on June 30, down from 65 funds and $6.11 billion on March 31. Nelson Peltz‘s Trian Partners increased its position by 1% in the second quarter, to 48.03 million shares, while Boykin Curry’s Eagle Capital Management decreased its stake by 7% to 20.19 million shares. Daniel S. Och’s OZ Management trimmed its position by 18% to 8.61 million shares while Lei Zhang’s Hillhouse Capital Management kept its holding in the company the same at 9.3 million shares. Phill Gross and Robert Atchinson’s Adage Capital Management cut its stake by 18% to 5.18 million shares.

Disclosure: None