Mondelez spends $110M on new Russia factory, Bloomberg says Mondelez is planning to spend $110M on a new plant in Russia, which will add enough capacity to make 50K tons of snacks annually, according to Bloomberg, citing comments from company spokesman Michael Mitchell. The new factory is projected to create 180 jobs. Reference Link
Mondelez upgraded at RBC Capital As noted earlier, RBC Capital upgraded Mondolez to Outperform from Sector Perform. The firm upgraded the stock on valuation, and its belief that the company will begin to overcome customer issues in Europe and growing pains associated with overhead cost reductions. Target $40.