CNBC's Link Explains Bullish View on Mondelez (MDLZ) Stock
Bloomberg News
NEW YORK (TheStreet) -- Investors should buy into snack manufacturer Mondelez International (MDLZ) - Get Report stock, TIAA Global Asset Management managing director and CNBC contributor Stephanie Link advised on "Fast Money: Halftime Report" Monday.
"I think (Mondelez) is the most interesting staples stock. And I like it both fundamentally as well as a potential catalyst," Link said, noting its strong global brand, distribution and margin expansion.
One particular reason Link is bullish on Mondelez stock is that an acquisition of The Hershey Co. (HSY) could still come together. Hershey's board rejected Mondelez's $23 billion bid last month, but Link predicts the company will return with a higher acquisition price.
"I don't know if they're going to get Hershey or not. I do think you're going to see a higher bid and if they do get Hershey, I like the synergies very much from a distribution basis," Link explained.
However, if Mondelez's acquisition is not approved, the company may bid on food producer Kraft Heinz Food (HNZ), she added.
"So one way or the other I kind of like this story," Link commented.
Shares of Mondelez are higher by 1% to $45.58 this afternoon.
Separately, TheStreet Ratings rated Mondelez as a "buy" with a score of A-.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: MDLZ
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.