Early Retirement Portfolio: Top 15 Stock Picks

Page 5 of 15

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

Dividend Yield: 2.74%

Number of Hedge Fund Holders: 52

Mondelez International, Inc. (NASDAQ:MDLZ) ranks among the top stocks for an early retirement portfolio. On June 20, Wells Fargo raised Mondelez International, Inc. (NASDAQ:MDLZ) to Overweight with a price target of $78. The firm cited the company’s strong risk-reward analysis and better fundamentals in comparison to its staples peers.

Wells Fargo outlined three main justifications for its optimistic outlook. First, despite record prices, chocolate elasticities are enduring well. The firm reported that “Europe chocolate elasticities are -0.25 YTD,” which is in line with historical norms and better than Mondelez’s estimated range of -0.4 to -0.5.

“Commodities appear neutral to 2026,” according to Wells Fargo’s commodity model, boosting confidence in margin improvement. Last but not least, Wells Fargo projects that in 2026, Mondelez International, Inc. (NASDAQ:MDLZ) would generate algorithm EPS with +3% organic sales and a 100bps increase in gross margin.

Mondelez International, Inc. (NASDAQ:MDLZ), often known as Mondelēz International, is a Chicago-based international firm that specializes in confectionery, cuisine, drinks, and snacks.

Page 5 of 15