Should You Still Consider Investing in Mondelez International (MDLZ)?

Coho Partners, an investment management firm, published its "Coho Relative Value Equity Fund" third-quarter 2022 investor letter – a copy of which can be downloaded here. Coho Partners' September was a repeat of August but worse, as an early-month rally was erased by continued inflationary concerns. Try to spare some time to check the fund’s top 5 holdings for you to have an idea about their best stock picks this 2022.

In its Q3 2022 investor letter, Coho Relative Value Equity Fund mentioned Mondelez International, Inc. (NASDAQ:MDLZ) and explained its insights for the company. Founded in 2012, Mondelez International, Inc. (NASDAQ:MDLZ) is a Chicago, Illinois-based multinational confectionery, food, holding, and beverage and snack food company with a $90.1 billion market capitalization. Mondelez International, Inc. (NASDAQ:MDLZ) delivered a -0.39% return since the beginning of the year, while its 12-month returns are up by 12.06%. The stock closed at $66.05 per share on November 29, 2022.

Here is what Coho Relative Value Equity Fund has to say about Mondelez International, Inc. (NASDAQ:MDLZ) in its Q3 2022 investor letter:

"Analysts' bottom-up estimates for both 2022 and 2023 for the S&P 500 Index are beginning to decline. Coho is not immune to the earnings pressure exerted by a strong USD, although the portfolio on the whole has modestly less foreign revenue exposure relative to the S&P 500 Index. The two most impacted Coho stocks includes Mondelez International (NASDAQ:MDLZ), which gets about 75% of its revenues outside the U.S."

Our calculations show that Mondelez International, Inc. (NASDAQ:MDLZ) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Mondelez International, Inc. (NASDAQ:MDLZ) was in 52 hedge fund portfolios at the end of the second quarter of 2022, compared to 48 funds in the previous quarter. Mondelez International, Inc. (NASDAQ:MDLZ) delivered a 6.79% return in the past 3 months.

In November 2022, we published an article that includes Mondelez International, Inc. (NASDAQ:MDLZ) in 5 Best Future Food Stocks to Buy Now. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.


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Disclosure: None. This article is originally published at Insider Monkey.