Mondelez Q4 results better than they appear, says Stifel Nicolaus Stifel Nicolaus notes that Mondolez's results include a 2c pension charge and a 3c impairment charge. The firm expects the company to meet its upbeat 2013 guidance and it maintains a $31 target and Buy rating on the shares.
News For MDLZ From The Last 14 Days
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Mondelez to invest $190M in India plant Mondelez International announced plans to invest $190M in the Indian state of Andhra Pradesh to establish the company's largest manufacturing plant in Asia Pacific. The 134-acre multicategory food campus in Sri City will have annual capacity of 250,000 tons in the end state and will be the largest chocolate manufacturing plant in India. The first phase of the project is expected to be completed by 2015.