Mondelez International unfazed by high-profile investor sales

|By:, SA News Editor

Shares of Mondelez International (MDLZ) are up 1.6% premarket as investors seem unperturbed by Pershing Square exiting its position in the stock and Berkshire Hathaway lightening up.

A generous buyback program and an emboldened Nelson Peltz could be adding support to sentiment on Mondelez.