Mondelez board approves $4 billion more in stock buybacks

Mondelez International Inc. /zigman2/quotes/201769764/composite MDLZ -1.72% said Wednesday its board approved $4 billion more in share buybacks over the next three years. The snack maker said the new authorization will be added to the remaining $2 billion left on a plan that was set to expire on Dec. 31, for a total authorization of $6 billion going forward. Mondelez shares were down 0.9% Wednesday trading at $57.94.

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Mondelez International Inc. Cl A

US : U.S.: Nasdaq

$ 56.12

-0.98 -1.72%

Volume: 6.92M

Jan. 21, 2021 4:00p

P/E Ratio

25.80

Dividend Yield

2.25%

Market Cap

$81.66 billion

Rev. per Employee

$323,350