Cash-heavy Mondelez International increases buyback allowance


Mondelez International (MDLZ) raises its buyback allowance up to $7.7B from $6B.

The repurchase authorization runs through 2016.

The company saw a little cash flow its way after a lucrative arbitration with Starbucks settled earlier this year.

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Comments (2)
  • the beat
    , contributor
    Comments (5) | Send Message
     
    I view this as a negative announcement.It says absolutely nothing about what they will do with the shares. Since most buybacks end up with the company doling out the money to top executives with cheap stock options who then dump the shares back onto the market. Net result? No reduction of shares and a massive reduction in cash.
    3 Dec 2013, 10:53 AM Reply Like
  • Sittingcrow
    , contributor
    Comments (107) | Send Message
     
    I agree totally with *the beat*. As a large shareholder I have been critical of Ms. Rosenberg's handling of the company. The dividend and growth have been substandard. This company should be over 40 by now with a 3% dividend. These executives are stuffing themselves with million dollar Oreos.
    3 Dec 2013, 02:56 PM Reply Like
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