Mondelēz International Approves New $9 billion Share Repurchase Authorization and Declares Regular Quarterly Dividend
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Mondelēz International has approved a new $9 billion share repurchase authorization, effective January 1, 2025, replacing the current $6 billion authorization. The company also declared a regular quarterly dividend.
December 11, 2024 | 1:15 pm
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POSITIVE IMPACT
Mondelēz International has announced a new $9 billion share repurchase program, effective January 1, 2025, replacing the current $6 billion authorization. This move is likely to positively impact the stock price as it indicates confidence in the company's financial health and can increase earnings per share.
The new $9 billion share repurchase program suggests that Mondelēz is confident in its financial position and future prospects. Share buybacks can lead to a higher stock price by reducing the number of shares outstanding, thus increasing earnings per share. This is a positive signal to investors, likely leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100