The buyback authorization was increased to $6M (from $1.2B) and the dividend payout was hiked 8% to an annualized rate of $0.56. The dividend yield at the current share price is 1.7%.
MDLZ maintained its 2013 non-GAAP EPS guidance of $1.55-1.60.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”