Mondelez International has announced that its Board of Directors has approved a new $9 billion share buyback program, effective January 1, 2025, replacing the current $6 billion authorization.
Intended to reflect the company's financial strength, the repurchase program, which runs until December 31, 2027, may include open market repurchases, privately negotiated transactions or a combination of both.
The Board also declared a quarterly dividend of $0.47 per share, payable on January 14, 2025 to shareholders of record on December 31, 2024.
Mondelez is also maintaining its capital allocation priorities, with investments in its brands, share buybacks, dividends and targeted acquisitions - including Chipita, Clif and Ricolino.
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Mondelez International, Inc. is one of the world's leading food processing groups. Net sales break down by family of products as follows:
- cookies and snacks (48.8%): Barni, belVita, Chips Ahoy, Club Social, Enjoy Life Foods, Honey Maid, Kinh Do, LU, Oreo, Prince, Ritz, Tate's Bake Shop, Tiger, Triscuit, TUC, Wheat Thins, etc. brands;
- chocolates (30.9%): 5 Star, Alpen Gold, Cadbury, Cadbury Dairy Milk, Côte d'Or, Daim, Freia, Hu, Lacta, Marabou, Milka, Toblerone, etc. brands;
- chewing gums and candies (11.1%): Halls, Clorets, Maynards Bassett's, Sour Patch Kids, Stride, etc. brands;
- cheese and grocery products (6.2%);
- beverages (3%): juices, teas and powdered beverages (Tang brand) and malted beverages (Cadbury Bournvita).
At the end of 2024, the group had 147 manufacturing sites worldwide.
Net sales are distributed geographically as follows: the United States (26%), North America (4%), Europe (36.5%), Asia/Pacific/Middle East/Africa (20%) and Latin America (13.5%).
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