Retirement Stock Portfolio: 10 Consumer Stocks To Buy

5. Mondelez International, Inc. (NASDAQ:MDLZ)

Dividend Yield: 2.92%

Number of Hedge Fund Holders: 51

Mondelez International, Inc. (NASDAQ:MDLZ), a Chicago-based multinational company, is a leader in the confectionery, food, beverages, and snack food industries. The company currently offers a quarterly dividend of $0.47 per share and has consistently increased its dividend payouts for the past nine years.

In its third-quarter results, Mondelez International, Inc. (NASDAQ:MDLZ) exceeded expectations, driving a 1.5% increase in shares during after-hours trading. The company reported adjusted earnings per share of $0.99, surpassing analyst estimates of $0.85, while its quarterly revenue reached $9.2 billion, above the consensus estimate of $9.11 billion, reflecting a 1.9% year-over-year increase. Organic net revenue, which excludes acquisitions and currency impacts, also rose 5.4%.

The company also reaffirmed its 2024 guidance, expecting organic net revenue growth at the high end of the 3% to 5% range, with high-single-digit adjusted EPS growth on a constant currency basis. Mondelez International, Inc. (NASDAQ:MDLZ) anticipates over $3.5 billion in free cash flow for the year.

Additionally, Mondelez International, Inc. (NASDAQ:MDLZ) announced it has signed an agreement to acquire a majority stake in Evirth, advancing its strategy to drive growth in the cakes and pastries category, alongside its core focus areas of chocolate and biscuits.