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Hedge funds boosted stakes in Mondelez, which topped earnings and announced a $9B share buyback.
Several hedge funds increased their stakes in Mondelez International, which beat earnings expectations with $0.99 per share, exceeding forecasts.
The company also announced a $9 billion share buyback plan.
Mondelez, with a market cap of $76.78 billion, manufactures snacks and beverages globally.
Notably, the firm's dividend yield stands at 3.27%, and institutional investors hold 78.32% of its stock.
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Los fondos de Hedge impulsaron las acciones en Mondelez, que superó las ganancias y anunció una recompra de acciones de $9B.