5 Best Sugar Stocks to Buy Now

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

Number of Hedge Fund Holders: 48

Mondelez International, Inc. (NASDAQ:MDLZ) is a food and beverage products company that operates in the Americas, Middle East, Africa, and Europe. It provides a wide variety of products such as chocolates, biscuits, gums, cookies, and powdered beverages. The firm is headquartered in Chicago, Illinois, the United States.

Mondelez International, Inc. (NASDAQ:MDLZ) is one of the most diversified foods and beverages companies out there, with no region accounting for more than 40% of its sales. This bodes it well during economic uncertainty, as a single region (such as Europe’s) woes do not carry the risk of jeopardizing the company’s financial performance. Its revenues have grown in line with GDP growth during 2018 and 2021, and a rate of return of 8% along with a terminal growth rate of 3% results in a fair value of $67.95 per share – for an upside over the current share price of $61.9. Mondelez International, Inc. (NASDAQ:MDLZ) also pays a 39 cent dividend for a 2.49% yield.

Deutsche Bank raised Mondelez International, Inc. (NASDAQ:MDLZ)’s share price target to $72 from $70 in July 2022 and kept a Buy rating on the shares. 48 of the 895 hedge funds polled by Insider Monkey for their Q2 2022 holdings had held a stake in the company.

Mondelez International, Inc. (NASDAQ:MDLZ)’s largest investor is John Overdeck and David Siegel’s Two Sigma Advisors which owns 4.5 million shares that are worth $279 million.

Disclosure: None. You can also take a look at 10 Best Long-Term Stocks to Buy Now and Top 10 Technology Stocks to Buy According to Billionaire Cliff Asness.

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