Is Mondelēz International (MDLZ) One of the Best Blue Chip Dividend Stocks to Buy According to Hedge Funds?

With an annual dividend yield of 3.28%, Mondelēz International, Inc. (NASDAQ:MDLZ) is included among the 14 Best Blue Chip Dividend Stocks to Buy According to Hedge Funds.

Mondelēz International, Inc. (NASDAQ:MDLZ) is an American multinational confectionery, food, and beverage company that employs approximately 80,000 people around the world.

On June 26, Freedom Broker downgraded Mondelēz International, Inc. (NASDAQ:MDLZ) from ‘Buy’ to ‘Hold’, but kept its price objective on the stock unchanged at $71, implying an upside of over 16% from the current levels.

The analyst firm highlighted that while cocoa prices have hit their highest level in five months, MDLZ has shown a relatively muted response. According to Freedom Broker, commodity inflation has historically weighed on the company’s profitability, leading to a more cautious stance on the shares.

Cocoa prices are currently hovering at over $5,000 per ton amid persistent jitters over the upcoming West African cocoa crop. Farmers in Côte d’Ivoire, the largest producer of cocoa in the world, have warned that the recent above-average rainfall across the key producing regions could lead to flooding, higher disease incidence, and lower cocoa bean quality during the final phase of the mid-crop harvest.

Given the recent cocoa volatility and the subdued biscuit category performance in the US, Mondelēz International, Inc. (NASDAQ:MDLZ) has also remained prudent with its guidance for FY 2026.

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