Kraft Foods (NYSE:KFT) has decided to give $15,000 as a grant to seven Foodmobiles in Eastern Illinois.

Kraft Foods (NYSE:KFT) Sponsoring Foodmobiles

The U.S. based food company Kraft Foods (NYSE:KFT) will donate $15,000 to the Eastern Illinois foodbank to sponsor seven Foodmobiles.

The program is to supply food and nutrition to underserved communities and to get access to food and nutrition programs. Kraft Foods (NYSE:KFT) has been providing sponsorship to Foodmobiles for more than 10 years and has donated a total of $45,000.

Kraft Foods (NYSE:KFT) had diverted its attention to the Feeding America program last year, but the company has now returned to investing in the Foodmobiles program.

Kraft Foods Inc. (NYSE:KFT) shares were at 31.67 at the end of the last day’s trading. There’s been a 1.5% movement in the stock price over the past 3 months.

Kraft Foods Inc. (NYSE:KFT) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 2
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.72
Zack’s Rank: 8 out of 41 in the industry