Bill Ackman poured over $5 billion into Mondelez International, Inc. (NASDAQ:MDLZ), the maker of Oreo and Ritz crackers. Ackman has made some good bets in the past. Would this be another one of them?
Last month, Ackman’s hedge fund Pershing Square Capital Management disclosed a 7.5 percent stake in Mondelez. At today’s price, Ackman’s stake is worth approximately $5.01 billion. (Source: The Securities and Exchange Commission, last accessed September 11, 2015.)
Ackman has quite a bullish view on the Oreo-maker. On Friday September 11th, he told CNBC that “Mondelez will be a much more valuable company a year from now than it is today. Two years from now, it’s going to be even more valuable.” (Source: CNBC, September 11, 2015.)