5 Dividend Challengers for 2022

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

Number of Hedge Fund Holders: 40 

Dividend Yield as of April 22: 2.15%

Number of Years of Consecutive Dividend Increases: 8

Mondelez International, Inc. (NASDAQ:MDLZ) is an American multinational company that markets and distributes confectionary products, beverages, and snack foods in Latin America, North America, Asia, the Middle East, Africa, and Europe. The company has consecutively increased its dividends for the last eight years. 

In 2021, Mondelez International, Inc. (NASDAQ:MDLZ) reported a full-year revenue of $28.7 billion, compared to a revenue of $26.5 billion in the previous year. The $4.3 billion net income in 2021 grew about 21% from the $3.5 billion income in 2020. 

On April 12, Credit Suisse analyst Robert Moskow reinstated coverage of Mondelez International, Inc. (NASDAQ:MDLZ) with an Outperform rating and a $70 price target. The analyst noted that roughly 40% of Mondelez International, Inc. (NASDAQ:MDLZ)’s sales are generated from developing markets, and it is the best-positioned company to benefit from global GDP growth. He expects profit pressure in Q1 to prove transitory and believes Mondelez International, Inc. (NASDAQ:MDLZ)’s Investor Day on May 10 will offer a positive catalyst.

Mondelez International, Inc. (NASDAQ:MDLZ) declared on February 3 a $0.35 per share quarterly dividend, in line with previous. The dividend was paid on April 14, to shareholders of the company on March 31. Mondelez International, Inc. (NASDAQ:MDLZ) delivers a dividend yield of 2.15% as of April 22. 

A total of 40 hedge funds were bullish on Mondelez International, Inc. (NASDAQ:MDLZ) at the end of the fourth quarter of 2021, compared to 46 funds in the prior quarter. Ric Dillon’s Diamond Hill Capital is the biggest position holder in the company, with 9.2 million shares worth $611 million.