This article presents an overview of 5 Best Cookies and Crackers Stocks to Buy. For a detailed overview of such stocks read our article, 10 Best Cookies and Crackers Stocks to Buy.
5. Conagra Brands, Inc. (NYSE:CAG)
Number of Hedge Fund Holders: 35
Conagra Brands, Inc. (NYSE: CAG) is a powerhouse in the consumer packaged goods sector, renowned for its diverse portfolio of food brands catering to various tastes and preferences.
A notable escalation was observed in hedge fund interest in Conagra Brands, Inc. (NYSE:CAG), with the count rising from 26 to 35. The value of these holdings surged from about $117.53 million to $389.81 million. This leap, translating to an increase of $272.27 million, indicates a substantial shift towards greater investor optimism in Conagra Brands, Inc. (NYSE:CAG).
4. General Mills, Inc. (NYSE:GIS)
Number of Hedge Fund Holders: 40
General Mills, Inc. (NYSE:GIS) is famous for its breakfast cereals and baking products. Under its umbrella are brands like Nature Valley, which offers crunchy bars that overlap with the cookie and cracker segment in terms of snacking options.
Hedge fund presence in General Mills, Inc. (NYSE:GIS) modestly increased from 39 to 40, while the total holdings value significantly jumped from roughly $465.84 million to $831.11 million. The impressive rise by $365.28 million in the value of hedge funds’ holdings suggests a strong uptick in the investment appeal of General Mills, Inc. (NYSE:GIS).
3. The Hershey Company (NYSE:HSY)
Number of Hedge Fund Holders: 46
Predominantly known for its chocolate products, The Hershey Company (NYSE:HSY) also ventured into the cookie category with creations like the Hershey’s Cookies ‘n’ Creme. The company has combined its expertise in chocolate with cookie elements to create hybrid snacks.
The Hershey Company (NYSE:HSY) saw an increase in hedge fund holdings from 42 to 46, alongside a notable rise in the total value from approximately $759.68 million to $1.25 billion.
2. Mondelez International, Inc. (NASDAQ:MDLZ)
Number of Hedge Fund Holders: 51
A powerhouse in the cookies and crackers niche, Mondelez International, Inc. (NASDAQ:MDLZ) is the name behind beloved brands such as Oreo, Chips Ahoy!, Nutter Butter, and Ritz. Its products are known globally and are a staple in the snack foods industry.
The hedge fund interest in Mondelez International, Inc. (NASDAQ:MDLZ) remained unchanged, with 51 funds held in both quarters, but the total holding value appreciated modestly from $1.34 billion to $1.37 billion.
1. PepsiCo, Inc. (NYSE:PEP)
Number of Hedge Fund Holders: 64
PepsiCo, Inc. (NYSE:PEP)’s portfolio goes beyond beverages to include a variety of food products. In the realm of cookies and crackers, it owns popular brands through its subsidiary, Frito-Lay, which includes the likes of Lay’s, Ruffles, Doritos, and Cheetos.
Hedge fund positions in PepsiCo, Inc. (NYSE:PEP) slightly decreased from 65 in Q3 2023 to 64 in Q4 2023. There was a reduction in the number of hedge funds, but the total value of these holdings rose from approximately $4.29 billion to $4.56 billion. This increase of around $270.14 million indicates a consolidated investment among remaining hedge funds, reflecting a sustained or growing valuation of PepsiCo, Inc. (NYSE:PEP) during this period.
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