2022-11-25 14:30:00

Looking for Growing Passive Income? Buy This Dividend Stock

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By The Motley Fool

Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) investment portfolio is worth nearly $347 billion, which positions it as one of the largest holding companies in the world. Unless you have a management team that knows what it's doing, it's impossible to grow a holding company to this level.

Fortunately, the company is led by Warren Buffett and Charlie Munger -- two of the greatest investors of all time. With the unmatched track records of these two famed stock pickers, it's worth evaluating whether any of Berkshire Hathaway's holdings could be a fit for your portfolio today.

Berkshire Hathaway's stake in the consumer staples company, Mondelez International (NASDAQ: MDLZ), is worth just $38 million, making it one of the company's smallest holdings. However, Mondelez could be an excellent stock for a dividend growth investor to buy and hold. Here's why.

Widely recognized brands and magnificent growth

Mondelez may not be a household name to consumers. However, it's a safe bet that most households are familiar with its legendary brands, which are sold in more than 150 countries around the world. These include Cadbury chocolate, Sour Patch Kids candy, Trident gum, and Oreo cookies. Thanks to these and many more timeless brands, Mondelez is a leader in numerous snack categories, such as cookies and crackers, chocolate, baked snacks, and gum and candy.

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