Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Have $1,000? Here's a Warren Buffett-Owned Dividend Stock to Buy Hand Over Fist


Berkshire Hathaway's chief executive officer and chairman, Warren Buffett, knows quality companies when he sees them. Along with his insistence on paying a reasonable valuation for his investments, this has helped Berkshire Hathaway grow its investment portfolio's value to a whopping $325.9 billion. 

The company's $33.7 million position in the consumer staple Mondelez International (NASDAQ: MDLZ) is one of its smaller stakes. But don't let that fool you: Mondelez is a blue-chip dividend stock that income investors with extra capital should strongly consider buying. Let's delve into the company's fundamentals and valuation to elaborate further. 

Consumers may not be familiar with Mondelez itself. But with brands such as Oreo cookies, Chips Ahoy! cookies, Ritz crackers, and Triscuit crackers, it's a safe bet that most consumers have at least one of the company's products in their homes right now. These brands explain how Mondelez's market share in the biscuits category (i.e., cookies and crackers) is No. 1 in the world while it is second in the chocolate category. 

Continue reading


Source Fool.com

Like: 0
Share

Comments