Jim Cramer Discussed These 18 Stocks After Major AI Event

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

Number of Hedge Fund Holders In Q3 2024: 51

Mondelez International, Inc. (NASDAQ:MDLZ) is a food and snack company that makes and sells some of the best-known snack product brands such as Oreos, Toblerone, and Dairy Milk. Like other food companies, and despite the fact that defensive stocks do well in a tight economy, Mondelez International, Inc. (NASDAQ:MDLZ)’s shares have lost 23% over the past year. The share price drop is due to consumer preference for affordable food products. Cramer’s comments for Mondelez International, Inc. (NASDAQ:MDLZ) revolved around the impact of GLP-1 products on food companies:

“They have to merge. Look at Mondelez. Mondelez has to merge.

“No I’m saying that, if you look at Mondelez’s product lineup, it is just, it like a GLP-1 petri dish.”

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