10 Best Packaged Food Stocks to Buy Now

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

Number of Hedge Fund Holders: 55

Mondelez International, Inc. (NASDAQ:MDLZ) manufactures and markets packaged snack food and beverage products. Its offerings include chocolate, gum, beverages, candy, cheese, meals, and more. The company’s brand offerings include Oreo, Cadbury Dairy Milk, Ritz, LU, Milka, Toblerone chocolate, and others. Mondelez International, Inc. (NASDAQ:MDLZ) sells its products in more than 150 countries. Its segments include Latin America, AMEA, Europe, and North America.

2024 was a strong year for the company, with its top growing mid-single digit and balanced performance across emerging and developed markets. It continued its track record of strong free cash flow, generating $3.5 billion. The company also prioritized capital return by delivering $4.7 billion to shareholders through buybacks and dividends. In 2025, Mondelez International, Inc. (NASDAQ:MDLZ) is focused on its long-term growth strategy, and management is confident that the company’s chocolate playbook will allow it to successfully navigate the unprecedented cocoa cost inflation.

On April 9, Piper Sandler raised the firm’s price target on Mondelez International, Inc. (NASDAQ:MDLZ) to $64 from $59, keeping a Neutral rating on the shares. The company ranks second on our list of the top packaged food stocks to buy now.