A trio of food industry companies received a bullish rating today from financial services company Jefferies Financial Group, including cookie and cracker maker Mondelez International (NASDAQ: MDLZ). The other companies highlighted by Jefferies analyst Rob Dickerson in today’s analysis are snack foods manufacturer Hostess Brands, Inc. (NASDAQ: TWNK) and frozen foods company Nomad Foods (NYSE: NOMD).
Two of the three companies Jefferies recommends have recently made acquisitions, demonstrating their focus on continued growth, plus strong enough resources to pursue a strategy of expansion. Mondelez purchased Hu Master Holdings, a “paleolithic” healthier chocolate maker. Meanwhile, Nomad Foods is preparing to acquire several successful European frozen food brands from Fortenova Group.