#5 - Mondelez International (NASDAQ:MDLZ)
Next up on this list of inflation-resistant stocks is Mondelez International Inc. (NASDAQ: MDLZ). This is more than an "everybody loves chocolate" story, although Mondelez is the parent company of both Cadbury and Toblerone.
It's more the opposite. One of the reasons investors should be bullish on Mondelez is that its portfolio of products is less dependent on cocoa prices as, say, The Hershey Company (NYSE: HSY), which trades for a slightly better valuation than MDLZ stock.
The company's portfolio includes some of the best-loved consumer names, such as Oreo's, Ritz crackers and CLIF bars. In a recent interview with Barron's, Mondelez's CEO said the company's go-to-market strategy is working well, with one of the reasons being that having sought-after brands gives Mondelez pricing power.
The Mondelez analyst ratings on MarketBeat are projecting 10% stock price growth even without a rate increase.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
Read More - Current Price
- $59.39
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $79.07 (33.1% Upside)
