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Dec. 2, 2020, 3:43 p.m. EST

Mondelez board approves $4 billion more in stock buybacks

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By Wallace Witkowski

MDLZ

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.

/zigman2/quotes/201769764/composite
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
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