Kraft Foods (NYSE:KFT) Putting Money Into Expansion

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Kraft Foods (NYSE:KFT) has decided to invest $200 million in Brazil to expand its operations. Kraft Foods (NYSE:KFT) Putting Money Into Expansion As a part of the move, the Northfield-based Kraft Foods (NYSE:KFT) will build a new $80 million manufacturing plant in Pernambuco, Brazil. This new plant will initially produce chocolate and powdered beverages and a line of biscuit products will be added in 2012. Sanjay Khosla, President, Kraft Foods (NYSE:KFT) Developing Markets said, "Brazil is one of 10 priority developing markets where we’re making big bets. Today, we’re among the fastest growing consumer goods companies in markets like Brazil, India and China. We’re excited to build on what’s working by making our biggest investment in Brazil in more than 10 years!" Kraft Foods Inc. (NYSE:KFT) shares were at 33.79 at the end of the last day’s trading. There’s been a 10.0% change in the stock price over the past 3 months. Kraft Foods Inc. (NYSE:KFT) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.06 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.72 Zack’s Rank: 11 out of 41 in the industry