14 Quality Stocks with Highest Dividends

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

Dividend Yield as of March 17: 3.50%

On March 16, Morgan Stanley raised its price recommendation on Mondelez International, Inc. (NASDAQ:MDLZ) to $70 from $66. It reiterated an Overweight rating on the shares. The firm said the market appears too focused on pricing rollback risk, while not fully recognizing the potential earnings recovery as cocoa costs begin to normalize in the second half of 2026 and pick up into 2027. The analyst also elevated the stock to a Top Pick.

During the earnings call, management said its 2026 guidance was built with caution in mind. It pointed to continued volatility in cocoa prices and weaker performance in the US biscuit category. COO and CFO Luca Zaramella explained that the guidance range reflects uncertainty tied to recent swings in cocoa prices. He said this could require adjustments and a more flexible approach as the year moves forward. He also noted that the company remains focused on strengthening its position with consumers and improving execution in the market. This focus is leading to increased investment across its brands.

On chocolate, Zaramella said pricing is expected to remain stable in terms of volume in 2026. He added that the first half may face cost pressures due to inventory accounting, with profitability expected to improve gradually in the latter part of the year. CEO Dirk Van de Put pointed to a strong innovation pipeline for 2026. He highlighted Biscoff as a key driver and said the company plans to expand in-store brand activations to support growth.

Mondelez International, Inc. (NASDAQ:MDLZ) operates as a snack company. Its core business centers on chocolate, biscuits, and baked snacks, along with additional categories such as gum and candy, cheese and grocery, and powdered beverages.