Mondelēz International Approves New $9 billion Share Repurchase Authorization and Declares Regular Quarterly Dividend

Core Points - Mondelēz International, Inc. has approved a new share repurchase authorization of up to $9 billion for Class A common stock, effective January 1, 2025, replacing the current $6 billion authorization [1][4] - The company declared a regular quarterly dividend of $0.47 per share, payable on January 14, 2025, to shareholders of record as of December 31, 2024 [2] - Mondelēz remains committed to its capital allocation priorities, including reinvestment in brands, share repurchases, dividends, and bolt-on acquisitions [3][4] Financial Overview - The new share repurchase authorization will be effective until December 31, 2027, with approximately $2.8 billion remaining from the previous authorization [1] - In 2023, Mondelēz reported net revenues of approximately $36 billion, indicating a strong market position in the snacking industry [5] Strategic Focus - The company emphasizes its strategy of accelerating growth and focusing on resilient categories such as chocolate, biscuits, and baked snacks [4] - Recent acquisitions include Chipita, Clif, and Ricolino, reflecting the company's focus on bolt-on assets [3][4]