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.

2 months ago
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