Stock of the Day: KRAFT FOODS INC. (KFT) PDF Print E-mail
Stock of the Day - Daily Article
Written by MsEconometrica   
Friday, 05 August 2011 15:29

Kraft foods Inc. is an American confectionary, food and beverage holding company. The company was founded in 1903 in Chicago, Illinois. Phillip Morris acquired Kraft 1988 and merged it with Nabisco, the marker of Oreo cookies, in 2000. Kraft Foods Inc. listed on New York Stock Exchange in 2001. Kraft Foods made lots of valuable acquisitions. Kraft Foods Inc. announced that it had taken control of Cadbury plc. In February 2010.  In June 2010, Kraft Foods owned 100% value of Cadbury shares. Then  the company's interest laid on contributing to realize the benefits of the Cadbury integration. Kraft Foods Inc. has been capturing the synergies from the Cadbury acquisition. As a result of all these acquisitions, Kraft Foods grew quickly and started to manufacture and market variety of products. Snacks, coffee, packaged juice drinks, cheese, grocery, condiments, deserts, convenient meals, lunch combinations and processed meats are supplied by Kraft Foods Inc. worldwide. Kraft Food Inc. sells its products to consumers more than 170 countries.  Kraft Foods Inc. is the second largest food group, after Nestle S.A.in the world.

Kraft Foods Inc. has a market cap of $59.38 billion. Net revenues  for the second quarter of 2011 grew 13.3% to $13.9 billion. With a profit margin of 6.04%, Kraft Foods Inc. offered 3.43% dividend last year. Analysts expect KFT to have a 10.20% EPS growth in the next 5 years. Kraft Foods Inc. has a P/E ratio of 19.53 and forward P/E ratio of 13.51. Warren buffet is Kraft’s largest shareholder  and supporter  with holding  6% of the company. KFT stock is up almost 20%  year-over-year since 1th January 2011. The band of trade is about $3 between March and August, in an upward movement.

Last Updated on Friday, 05 August 2011 17:29

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