In this article, we will discuss the 10 Best Chocolate Stocks to Buy Now.
Chocolate is a sweet treat made from cocoa beans that are harvested, fermented, dried, roasted, and ground into cocoa mass, the core ingredient in chocolate. This mass then undergoes further processing to produce various types of chocolate.
The Confectionery Sector’s Performance
The confectionery sector saw a modest 3.74% year-to-date (YTD) increase compared to the broader market’s 18.13% rise. Rising input costs have driven up prices, particularly cocoa prices which have tripled in the past 12 months due to crop diseases in West Africa, which contributes around 80% of the world’s cocoa output, as reported by Food & Drink Digital. According to a report by J.P. Morgan, chocolate brands are grappling with higher cocoa costs (reached $10,000 per metric ton in March 2024) and are passing these increases on to consumers through price hikes. Ken Goldman, lead equity research analyst for U.S. Food Producers and Retailers at J.P. Morgan, made the following comment about this:
“In the U.S., Hershey has been very clear that list pricing is still one of the most important arrows in their quiver to offset inflation. Over the next year or two, they will probably pass on more cocoa inflation, and consumers will see higher prices for their chocolate as a result.”
The broader economic environment, including inflation and interest rates, also impacts consumer spending patterns, which further affects the confectionery sector. Increased prices in essential goods, such as food, can lead to reduced discretionary spending, impacting sectors like confectionery.
However, cocoa prices are expected to ease slightly in the medium term and may stabilize around $6,000 per metric ton. This could result from improved weather conditions and increased planting of cacao trees, which may provide some relief to the chocolate market.
The Chocolate Market Outlook
Despite the ongoing cost and pricing concerns, the global chocolate market has experienced significant growth, reaching an estimated $119.39 billion in 2023. According to Grand View Research, the market is projected to continue growing at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2030.
According to a report by Dame Cacao, approximately 7.5 million metric tons of chocolate are consumed globally each year, equivalent to nearly 2.2 pounds (1 kg) of chocolate per person. The U.S. leads as the largest chocolate importer, with $955 million in chocolate-related imports in 2023, followed by France at $772.5 million during the same period, according to IndexBox.
Rising Consumer Awareness in the Chocolate Industry
Consumer awareness is reshaping the chocolate industry, driving a surge in demand for specialty chocolates. In the National Confectioners Association’s State of Treating Report 2021, we find that there is a growing interest in organic, vegan, gluten-free, and sugar-free chocolates. Single-origin and bean-to-bar chocolates are gaining popularity for their distinctive flavors. Research highlights the health benefits of dark chocolate, including improved blood circulation and high flavonoid content, which further fuel its popularity.
Leveraging Chocolate as a Marketing Tool
In a competitive marketing landscape, chocolate is proving to be a powerful and versatile tool. Custom-branded chocolates not only create memorable experiences but they also enhance brand perception and boost client loyalty. Personalized chocolate gifts featuring logos or tailored messages offer a personal touch that fosters deeper connections. In addition, the visual appeal of chocolate makes it ideal for social media, driving engagement and brand visibility. This showcases chocolate’s powerful appeal to global consumer segments.
With that, let’s now move on to our list of the 10 Best Chocolate Stocks to Buy Now.
Pixabay/ Public Domain
Methodology
For this list, we scanned Insider Monkey’s Q2 2024 database and selected companies involved in the chocolate industry, focusing on areas relevant to chocolate production and distribution. From that group, we picked 10 companies with strong balance sheets and solid financials and ranked them in ascending order of hedge funds having stakes in them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
10. Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)
Number of Hedge Fund Holders: 2
Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) is a global franchiser of premium chocolate and confectionery stores, as well as a producer of an extensive range of high-quality chocolates and other confectionery products. It received the title of one of America’s Best Retailers in the chocolate and candy store category on Newsweek’s 2023 list. It is among the best chocolate stocks on our list.
In Q1 2025, Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) reported stable revenues of $6.4 million, maintaining consistency with the prior year. Although revenue from Durango premium chocolates, fudge products, and retail sales increased by $0.3 million, the gain was offset by a comparable decline in royalty and marketing fees. As a result, the company’s net loss from continuing operations widened, increasing to $1.6 million from $0.8 million in the previous year, largely driven by persistent cost pressures and efficiency challenges.
Furthermore, Rocky Mountain Chocolate Factory’s share price fell by 3.23% over the past month and 61.62% year-to-date. This decline is partly due to rising cocoa prices driven by a global shortage, exacerbated by climate change-related droughts in West Africa. Additionally, interim CEO Jeff Geygan’s overhaul of the company’s strategy has triggered investor uncertainty, negatively affecting stock performance.
However, Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) has improved its position by selling a parcel of land in April 2024 for nearly $1 million and is negotiating new credit facilities to boost working capital. These steps are expected to support growth initiatives such as store expansion and production upgrades. Moreover, on August 6, 2024, the company announced a private investment in public equity (PIPE) financing deal to raise approximately $2.2 million, which will support its strategic plan for sustainable growth. This investment, led by American Heritage Railways, also introduces a strategic partnership that aligns with RMCF’s market strategy.
As of Q2 2024, two hedge funds, with a combined investment of $0.74 million, are bullish on the stock, according to Insider Monkey’s database.
9. Tootsie Roll Industries, Inc. (NYSE:TR)
Number of Hedge Fund Holders: 8
Tootsie Roll Industries, Inc. (NYSE:TR) is a leading manufacturer and seller of popular confectionery products, including well-known brands such as Tootsie Roll, Tootsie Pop, Andes Mints, Junior Mints, and Charms Blow Pop. Operating as a single reportable segment, Tootsie Roll Industries distributes its wide array of chocolates and candies across the United States, Canada, Mexico, and various international markets. Through its Charleston Chew brand, it produces chocolate bars, rollers, and candies.
In Q2 2024, Tootsie Roll Industries, Inc. (NYSE:TR) reported net sales of $150.7 million, a 6% decline compared to the previous year. This drop was largely due to market challenges, customer resistance to price increases, and inventory adjustments that affected sales. Profit margins improved to 10%, up from 9.2%, driven by higher price realizations and operational efficiencies. Net earnings rose by 6.2% to $15.6 million, attributed to better pricing, improved manufacturing efficiencies, and favorable transport costs. Notably, cocoa and chocolate costs surged significantly in 2024, which is expected to impact margins in the second half of the year, which makes TR one of the best chocolate stocks on our list.
Tootsie Roll Industries, Inc. (NYSE:TR) maintained strong liquidity, supported by increased investment income and leasing revenue, contributing to higher net earnings. Although increasing input costs, especially for cocoa, present a challenge, the company remains committed to expanding its capacity and enhancing operational efficiencies to keep up with changing consumer demands.
Tootsie Roll’s stock has risen 12.47% in the past month and 0.20% YTD, supported by strong financials, including an 11% return on capital employed (ROCE) based on trailing twelve months to June 2024, in line with industry standards and reflecting a 37% growth over the past five years. With ongoing investments in manufacturing and capacity expansion, the company is well-positioned for future growth.
Consequently, as of Q2 2024, eight hedge funds, holding a combined investment of $25 million, are bullish on the stock, according to Insider Monkey’s database.
8. The Simply Good Foods Company (NASDAQ:SMPL)
Number of Hedge Fund Holders: 23
The Simply Good Foods Company (NASDAQ:SMPL), headquartered in Denver, Colorado, is a consumer packaged food and beverage company offering snacks and confectionery items under the Atkins, Quest, and OWYN brands. Atkins is renowned for its low-carb, high-protein chocolate bars and shakes, providing delicious options for those looking to manage their weight. SMPL ranks eighth on our list of the best chocolate stocks.
On August 26, Quest Nutrition launched its new Quest Bake Shop line, introducing protein-packed Chocolate Brownies, Blueberry Muffins, and Chocolate Chip Muffins. This new product line marks Quest’s first foray into the bakery category, offering health-conscious options. This way, the company hopes to capture the market segment that seeks products that not only satisfy their sweet cravings but also meet their protein requirements.
In Q3 2024, The Simply Good Foods Company (NASDAQ:SMPL) reported net sales of $334.8 million, a 3.1% year-over-year (YoY) increase. This growth was fueled by a 13% rise in Quest retail takeaway, driven by strong demand for salty snacks.
However, Atkins saw a 5% decline in the retail takeaway, likely due to shifting consumer preferences toward more diverse low-carb options. Despite these challenges, net income grew to $41.3 million, supported by improved gross margins, with EPS reaching $0.50, beating expectations of $0.48. Lower ingredients and packaging costs further drove the company’s earnings.
Additionally, Simply Good Foods reported a cash balance of $208.7 million, driven by a 50% increase in cash from operations. The company used reserves for the OWYN acquisition and aims to reduce its $490 million term loan to achieve a 1.25x net debt-to-adjusted EBITDA ratio.
A 3.56% uptick in the stock over the past month is attributed to optimism surrounding the OWYN deal. However, a 13.65% YTD decline is partly due to rising cocoa prices. Looking ahead, the stock’s performance is expected to improve as the company benefits from synergies and operational efficiencies gained through the OWYN acquisition, which was made in April 2024.
As of Q2 2024, 23 hedge funds, holding a combined investment of $192 million, remained bullish on the stock, according to Insider Monkey’s database.
7. General Mills, Inc. (NYSE:GIS)
Number of Hedge Fund Holders: 29
General Mills, Inc. (NYSE: GIS) is a leading producer and marketer of branded consumer foods. Its product portfolio includes snacks, cereals, frozen desserts, pet food, and yogurt. Among its brands is Betty Crocker, which is known for its wide range of baking products, including chocolate cake mixes, frostings, and easy-to-make chocolate dessert solutions, making it a go-to choice for chocolate lovers.
In Q4 2024, General Mills, Inc. (NYSE:GIS) reported a 6% decline in net sales to $4.7 billion, driven by unfavorable pricing, product mix, and lower volume, with organic net sales also dropping by 6%. The North American retail segment, which includes ready-to-eat cereals, refrigerated yogurt, snack bars, and chocolate-flavored baking products, experienced a 7% decline. Despite cost savings and supply chain improvements, net earnings fell by 9% to $558 million, primarily due to higher interest expenses and tax costs. Nevertheless, the company reported an EPS of $1.01 per share, surpassing analysts’ expectations of $0.993 per share.
Furthermore, General Mills, Inc. (NYSE:GIS) generated $3.3 billion in operating cash flow for fiscal 2024, up from $2.8 billion the previous year. Moreover, the company invested $774 million in capital (an increase from $690 million a year ago), and repurchased $2.0 billion in shares in fiscal 2024, with a 96% free cash flow conversion rate. The company has consistently paid dividends for the past 125 years, with the Q4 dividend payment at $0.60 per share, a 2% increase from the previous quarter.
In April 2024, General Mills opened a new warehouse in Belvidere to consolidate smaller facilities, increase distribution capacity, and support the Pleasant Street plant. Consequently, the stock rose 5.83% in the past month and 13.68% YTD.
Despite weaker net earnings, General Mills, Inc. (NYSE:GIS) is optimistic about volume improvements in fiscal 2025, focusing on product innovation and enhanced consumer experiences to drive organic sales growth.
As of Q2 2024, 29 hedge funds, holding a combined investment of $357 million, are bullish on the stock, according to Insider Monkey’s database.
6. Conagra Brands, Inc. (NYSE:CAG)
Number of Hedge Fund Holders: 31
Conagra Brands, Inc. (NYSE:CAG), headquartered in Chicago, is one of North America’s leading branded food companies. Iconic brands like Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, and Slim Jim offer choices for every occasion. The Swiss Miss brand delivers a rich, decadent chocolate experience made with premium European cocoa and fresh milk, without artificial sweeteners.
In Q3 2024, Conagra Brands, Inc. (NYSE:CAG) experienced a 1.7% decline in net sales, with organic net sales declining by 2.0% due to reduced volumes. The Grocery & Snacks segment, which includes the popular Swiss Miss brand, grew by 3.4%, driven by a 4.2% price/mix increase in snacking categories. Other segments also experienced growth, with the Refrigerated & Frozen segment up by 8.1% and the international sales segment up by 4.6%. Despite this, net income fell 9.7% to $309 million, primarily due to higher SG&A expenses. However, an EPS of $0.69 beat expectations of $0.65.
Despite strong liquidity, cash flow came under pressure as it decreased to $78.5 million due to higher SG&A expenses and cost of goods sold inflation. Adjusted EBITDA fell by 5.3% to $634 million, indicating challenges in maintaining cash generation despite the company’s efforts to optimize profitability.
In January 2024, Conagra Brands, Inc. (NYSE:CAG) partnered with Dolly Parton to launch a line of retail food products, including frozen, refrigerated, grocery, and snack items inspired by her comfort cuisine. As a result, the new range features cake and muffin mixes, as well as buttermilk pancake mixes.
Conagra’s share price has risen by 6.92% and 14% on a month and YTD basis, respectively. This share price increase is attributed to strategic pricing actions and improvements in the Grocery & Snacks and International segments. However, challenges remain, including volume declines in the Refrigerated & Frozen segment, deflation-related volatility, and rising SG&A expenses, which may impact future profitability. CAG is among the best chocolate stocks on our list.
Nevertheless, as of Q2 2024, 31 hedge funds, holding a combined investment of $366 million, are bullish on the stock, as per Insider Monkey’s database.
5. Hormel Foods Corporation (NYSE:HRL)
Number of Hedge Fund Holders: 31
Hormel Foods Corporation (NYSE:HRL) is a global branded food company, operating in more than 80 countries. Its portfolio includes iconic brands such as Planters, Skippy, SPAM, Hormel Natural Choice, and Justin’s. Known for high-quality products, Justin’s offers alternatives such as USDA organic, non-GMO chocolate candy pieces, chocolate butter, and spreads, cementing its leadership in the natural confectionery space. HRL ranks fifth on our list of the best chocolate stocks.
In Q3 2024, Hormel Foods Corporation (NYSE:HRL) reported net sales of $2.90 billion, a 2.2% decline from the previous year, primarily due to weaker performance in the Retail and International segments. The Retail segment, which includes brands such as Justin’s, saw a 7% decline in net sales, driven by lower volumes and pricing for whole bird turkeys and disruptions at its Suffolk, Virginia, facility.
Conversely, the food service segment grew by 7%, fueled by strong demand for turkey and bacon, likely contributing to the net income of $267 million. EPS came in at $0.37, beating expectations.
Hormel Foods Corporation (NYSE:HRL) demonstrated strong liquidity in Q3 2024, generating $218 million in cash flow from operations. Capital expenditures were down from the previous year, showcasing effective cost management. The company returned $155 million to shareholders through dividends during the quarter, marking its 96th consecutive year of uninterrupted payouts.
On August 7, Hormel Foods Corporation (NYSE:HRL) released its 18th Global Impact Report, highlighting key ESG achievements, including emissions reduction targets, a 1.7 million-pound packaging reduction, and its lowest incident rate ever.
Over the past month, the stock experienced a 0.38% decline, likely reflecting short-term concerns over production disruptions and weaker retail performance. However, a 1.17% YTD uptick signals continued investor confidence in the company’s long-term growth. Hormel’s strategic focus on key brands, international expansion, and consistent dividend payouts support its strong stock performance moving forward.
Analysts are projecting an upside potential of 1.71%, and as of Q2 2024, 31 hedge funds, holding a combined investment of $714 million, remain bullish on the stock, as per Insider Monkey’s database.
4. The J. M. Smucker Company (NYSE:SJM)
Number of Hedge Fund Holders: 34
The J. M. Smucker Company (NYSE:SJM) offers a diverse portfolio of trusted brands, including Folgers, Dunkin’, Café Bustelo, Uncrustables, Smucker’s, Voortman, Milk-Bone, and Meow Mix across North America. The company leads in various categories such as coffee, peanut butter, chocolate spreads, frozen handheld snacks, and more. Notably, Jif and Hostess are brands that produce chocolate-related products, such as chocolate spreads, cakes, and cookies, to name a few.
In Q1 2025, The J. M. Smucker Company (NYSE:SJM) experienced an 18% increase in net sales, primarily driven by the acquisition of Hostess Brands. Excluding the acquisition and other non-comparable factors, net sales growth was a modest 1%. The Sweet Baked Snacks segment, which includes popular brands like Hostess and Jif, performed well with a profit margin of 22.3%, showcasing strong brand strength. Despite pricing challenges in other retail categories, net income grew as operating profit increased by $46 million (15%), due to a significant boost in gross profit.
Cash flow from operations dropped to $172.9 million in the quarter (20.2% decrease from a year ago), and free cash flow fell to $49.2 million (down 27% from a year ago), reflecting tighter liquidity. Despite this, the company’s board approved a 2% dividend increase in the quarter from the same period a year ago, marking 23 years of consecutive dividend growth.
In August 2024, Voortman Bakery, part of The J. M. Smucker Company (NYSE:SJM)’s sweet-baked snacks division, is launching Fall Favorites Cookies and Pumpkin Spice Wafers for a limited time. These products align with the company’s strategy to meet seasonal trends and consumer preferences.
Although the stock rose by 1.48% in the past month following the approval of a dividend increase, it is down 4.34% year-to-date due to inflation and reduced discretionary income. Organic sales growth remained flat without the boost from acquisitions, emphasizing the need for improvements in core operations.
Analysts are optimistic about the stock, projecting an upside potential of 5.27%. As of Q2 2024, 34 hedge funds, holding a combined investment of $844 million, are bullish on the stock, as per Insider Monkey’s database.
3. The Hershey Company (NYSE:HSY)
Number of Hedge Fund Holders: 39
The Hershey Company (NYSE:HSY) produces and markets chocolate, sweets, and snacks across three segments: North America Confectionery, North America Salty Snacks, and International. The company now employs 20,000 people in the U.S. and operates in 80 countries, offering a wide range of products including chocolate, non-chocolate confectionery, gum, mints, protein bars, baking ingredients, snack items, and spreads.
In Q2 2024, consolidated net sales for The Hershey Company (NYSE:HSY) declined by 16.7% to $2.07 billion. This downturn was primarily driven by inventory reductions across the North America Confectionery and International segments, largely due to the implementation of a new ERP system and unfavorable shipment timings.
Despite the overall decline in sales, Hershey’s Salty Snacks portfolio showed positive momentum, with Dot’s Homestyle Pretzels retail sales increasing by 42.3% in the quarter. Gross margin was significantly impacted, falling to 40.2% from 45.5% due to higher costs and inefficiencies, and operating profit also declined.
Regarding liquidity, The Hershey Company (NYSE:HSY) remains committed to strategic investments, projecting capital expenditures of between $600 million and $625 million for 2024. The ongoing implementation of a new ERP system and product innovations in the second half of 2024 is expected to energize key categories and support long-term growth.
The Hershey Company (NYSE:HSY) is focusing on sustainability and social impact through its ‘Cocoa for Good’ strategy. The company has already reduced emissions by 43% and aims for 50% by 2030 through sustainable farming of cocoa while eliminating 1.7 million pounds of packaging, and accelerating its deforestation commitment to 2025.
Despite revenue and earnings declines, investments in digital marketing and customer loyalty programs have bolstered its market share. As such, Hershey’s stock saw an uptick of 3.58% in the past month and 8.24% on a YTD basis. Moreover, strategic investments in digital infrastructure and a commitment to innovation provide a promising foundation for future growth.
Consequently, 39 hedge funds have collectively invested $506 million in the company, as per Insider Monkey’s database.
2. The Kraft Heinz Company (NASDAQ:KHC)
Number of Hedge Fund Holders: 43
The Kraft Heinz Company (NASDAQ:KHC) is a global food and beverage leader, offering products like condiments, sauces, cheese, and beverages. One of its long-standing brands is Baker’s, a trusted name in baking chocolate. Baker’s remains a key player in Kraft Heinz’s diverse portfolio, serving both home bakers and professionals with high-quality baking products.
In Q2 2024, The Kraft Heinz Company (NASDAQ:KHC) reported a 3.6% decline in net sales to $6.5 billion, primarily due to foreign currency impacts and divestitures. The Retail segment, which includes brands such as Baker’s, experienced mixed performance, with a 1.0% price increase in key areas like North America and Emerging Markets, helping to offset higher input costs. However, volume/mix declined by 3.4% due to weaker consumer sentiment. Despite these challenges, adjusted operating income rose by 2.0% due to cost reductions, and adjusted EPS of $0.78 surpassed analysts’ expectations of $0.734.
Meanwhile, net cash from operating activities rose by 8.1%, driven by improvements in working capital, and free cash flow increased by 8.7% to $1.2 billion in the first half of 2024. Despite increased capital expenditures, The Kraft Heinz Company (NASDAQ:KHC) returned value to shareholders by paying $969 million in dividends and repurchasing $537 million in stock during the first half of 2024, which makes KHC one of the best chocolate stocks on our list.
On August 2, Kraft Heinz announced a partnership with Major League Baseball’s Chicago Cubs, making HEINZ the official condiment of Wrigley Field, providing flavor-enhancing products in the stadium. The goal is to boost brand visibility and offer fans unique food experiences, including a Kraft Mac & Cheese stand on Kids’ Sundays.
The recent 2.53% price increase over the past month can be attributed to a combination of strategic pricing actions and cost management efforts. However, YTD movement was -3.77%, largely due to weaker consumer demand, volume/mix declines, and foreign currency impacts. Still, the company’s focus on improving operating efficiency and repurchasing shares is likely to boost investor confidence going forward.
Hence, analysts have projected an upside potential of 5.95%, and as of Q2 2024, 43 hedge funds, holding a combined investment of $11.0 billion, remained bullish on the stock, as per Insider Monkey’s database.
1. Mondelez International, Inc. (NASDAQ:MDLZ)
Number of Hedge Fund Holders: 47
Mondelez International, Inc. (NASDAQ:MDLZ) is a global leader in the snacking industry, with its products reaching over 150 countries. Its diverse portfolio includes beverages, biscuits, chocolate, gum, candy, cheese, and groceries. Mondelez owns renowned brands such as Ritz, LU, Clif Bar, and Tate’s Bake Shop, along with popular chocolate brands like Cadbury Dairy Milk, Milka, Toblerone, and Oreo. It tops our list of the best chocolate stocks to buy now.
In July 2024, Mondelez International, Inc. (NASDAQ:MDLZ) announced the recruitment of 48 sensory panelists at its Bournville site to help refine the taste profiles of iconic brands like Cadbury, Toblerone, and Milka. The goal is to stay competitive and adapt to changing consumer preferences in the chocolate industry.
In Q2 2024, Mondelez International, Inc. (NASDAQ:MDLZ) reported a 1.9% dip in net revenue to $2.8 billion, largely due to unfavorable currency impacts and the 2023 divestiture of its gum business. However, organic net revenue grew by 2.5%, driven by effective pricing strategies. Operating income decreased by $571 million, mainly due to unfavorable YoY changes in hedging activities, divestitures, and higher integration costs. EPS rose 25% to $0.86, boosted by product innovations and strong investments in emerging markets.
Furthermore, in the first six months of 2024, the free cash flow generated was $1.5 billion, showcasing a healthy liquidity position that enabled Mondelez to raise its dividend by 11% in Q2 2024. It returned $2.2 billion to shareholders in cash dividends, translating into a quarterly dividend payment of $0.47 per share.
On the other hand, Mondelez International, Inc. (NASDAQ:MDLZ) experienced a 7.21% increase over the past month and a 4.37% rise YTD. This growth is largely due to the company’s strategic divestitures and acquisitions. Additionally, cost-saving measures under the Simplify to Grow Program further strengthen Mondelez’s position for continued growth.
Despite strong Q2 results, the company faces challenges with softness in the U.S. biscuit segment, rising cocoa costs, and competitive pressures in markets such as India, which may impact profitability going forward.
Analysts have projected an upside potential of 5.63% from the current price of $75.53. As of Q2 2024, 47 hedge funds, holding a combined investment of $1.6 billion, remain bullish on the stock, as per Insider Monkey’s database.
MDLZ is the best chocolate stock to buy now based on hedge fund sentiment. While we acknowledge the potential of MDLZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MDLZ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
