10 Best Cookies and Crackers Stocks to Buy

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

Number of Hedge Fund Holders: 51

Mondelez International, Inc. (NASDAQ:MDLZ) is one of the largest snack companies globally. The firm empowers people to snack right in more than 150 countries while it has operations in more than 80 countries. Mondelez owns a variety of popular cookie and cracker brands including Oreo, Chips Ahoy!, Ritz, LU, Wheat Thins, and Triscuit among others.

Mondelez is a snacking leader with global net revenues of approximately $36 billion in 2023. The strong position in key snack markets, leadership in resilient categories, and a compelling footprint are clear competitive advantages for Mondelez International, Inc. (NASDAQ:MDLZ). The company leads the future of snacking with iconic global and local brands. It has the privilege of having the top global position in biscuits (cookies and crackers) and the highest market share among biscuit manufacturers across the globe. Simultaneously, the company is on track to reach the top position in chocolate.

The snacking market dynamics tend to favor the long-term growth potential of Mondelez International, Inc. (NASDAQ:MDLZ) as more consumers have started to snack daily and still prioritize snacks despite being price-conscious. Furthermore, the attractive exposure to high-growth emerging markets and robust developed markets increases growth potential. Mondelez believes in sustaining long-term profitable growth by accelerating and increasing focus on the core of chocolate and biscuits and expanding its presence geographically as well as in high-growth channels.

While accelerating its core business, Mondelez continues to strategically reshape its portfolio. For instance, it recently expanded its partnership with Evirth, a leading manufacturer of cakes and pastries in China. This gave the firm a promising opportunity to further leverage its iconic brands and distribution to create more premium offerings in the fast-growing cakes and pastries space.