12 Best FMCG Stocks To Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 51

Mondelez International, Inc. (NASDAQ:MDLZ) is an international snacks company that makes and sells chocolates, biscuits, and baked snacks. It is the company behind popular brands such as Cadbury Dairy Milk, Milka, and Toblerone. The company also produces other products like gum, candy, cheese & grocery items, and powdered beverages in various regions.

On February 6, Nik Modi, an analyst at RBC Capital, maintained a Buy rating on the stock while keeping the price target at $69. In its fiscal fourth-quarter earnings call for 2024, Mondelez International, Inc. (NASDAQ:MDLZ) indicated its strategy of expanding its distribution channels globally via digital platforms. Management also noted having grown their e-commerce business by double digits. Moreover, on December 14, the company announced its partnership with Amazon Web Services (AWS) to enhance its digital transformation and growth strategy. Under the partnership, Mondelez International, Inc. (NASDAQ:MDLZ) has designated AWS as its strategic cloud provider, aiming to leverage AWS’s industry-leading cloud infrastructure and services for greater security, agility, and reliability across its operations.

During fiscal year 2024, the company delivered balanced top-line growth, strong earnings, and robust free cash flow generation. Its net revenues grew by 1.2%, with organic net revenue growth of 4.3%. Despite input cost inflation, the company achieved mid-single-digit gross profit dollar growth. It is one of the best FMCG stocks to buy according to hedge funds.

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