KFT Kraft Foods Inc. featured news, full reports, and detailed charts
Kraft Foods Inc. (KFT) Wrap Up:
Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products and grocery products worldwide. The company offers snacks, including cookies, crackers, salted snacks, and chocolate confectionary; beverages, including coffee, packaged juice drinks, and powdered beverages; cheese, including natural, process, and cream cheeses; and grocery, including spoonable and pourable dressings, condiments, and desserts. It also offers convenient meals, including primarily frozen pizza, packaged dinners, lunch combinations, and processed meats. Kraft Foods markets its products under various brand names, primarily including Kraft cheeses, dinners and dressings; Oscar Mayer meats; Philadelphia cream cheese; Maxwell House and Jacobs coffee; Nabisco cookies and crackers and its Oreo cookie brand; Milka chocolates; and LU biscuits. It sells its products to supermarket chains, wholesalers, super centers, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets. The company was founded in 2000 and is based in Northfield, Illinois. Kraft Foods Inc. operates independently of Altria Group Inc. as of March 30, 2007.Kraft Foods Inc. (KFT:NYSE)
Snapshot of Kraft Foods Inc. (KFT)
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OPEN
$27.59
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PREVIOUS CLOSE
$26.97
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DAY HIGH
$27.84
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DAY LOW
$27.15
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52 WEEK HIGH
01/28/09 - $29.84
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52 WEEK LOW
03/5/09 - $20.81
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MARKET CAP
40.3B
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AVERAGE VOLUME 3 mo
10.9M
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DILUTED EPS TTM
$1.61
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SHARES OUTSTANDING
1.5B
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EX-DATE
09/28/09
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P/E TTM
16.9x
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DIVIDEND
$1.16
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DIVIDEND YIELD
4.25%
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related news
KFT Top Compensated Officers
Executives, Board Directors
Key developments for Kraft Foods Inc. (KFT)
Kraft Foods Inc. has put in operation the confectionery Bolshevik in the Vladimir region (Centre). The cost of the project totals around RUB 1.5 billion (EUR 34.16 million, USD 50.99 million). The enterprise will produce goods under the trademarks Yubileynoe, Barni, Aplen Gold Chocolife, Prichuda and Shokobarokko. The modular construction of the factory allows to raise capacity of facilities.
Kraft Foods Inc. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).
Kraft Foods Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net revenues of $9,803 million and operating income of $1,419 million and earnings from continuing operations before income taxes of $1,096 million and net earnings attributable to the company of $824 million or $0.55 per diluted share compared to net revenues of $10,401 million and operating income of $1,023 million and earnings from continuing operations before income taxes of $725 million and net earnings attributable to the company of $1,362 million or $0.91 per diluted share for the same period a year ago. For the nine months, the company reported net revenues of $29,361 million and operating income of $4,218 million and earnings from continuing operations before income taxes of $3,303 million and net earnings attributable to the company of $2,311 million or $1.56 per diluted share compared to net revenues of $31,251 million and operating income of $3,513 million and earnings from continuing operations before income taxes of $2,579 million and net earnings attributable to the company of $2,706 million or $1.77 per diluted share for the same period a year ago. For the nine months, the company reported net cash provided by operating activities of $3,269 million and capital expenditures of $749 million and net cash provided by operating activities of $2,529 million and capital expenditures of $901 million for the same period a year ago. The company increased its guidance for 2009 diluted earnings per share to at least $1.97 versus the previous expectation of at least $1.93. This guidance reflects strong year-to-date profit performance and a reduction in its full-year effective tax rate to approximately 30% versus the previous expectation of approximately 31.5%. The company also revised its forecast for 2009 organic net revenue growth to be approximately 2% versus a prior expectation of approximately 3%. The change in outlook primarily reflects a lower contribution from pricing as a result of lower-than-expected input costs. As a result of its increased profit guidance, as well as the benefit of improved working capital management, the company raised its outlook for full-year discretionary cash flow to at least $3.0 billion versus its previous estimate of $2.6 billion.
KFT Competitors
| Company | Last | Change |
| Bunge Ltd | $61.78 USD | -1.63 |
| Philips Electronics | €18.00 EUR | -0.18 |
| Pepsico Inc | $62.05 USD | +0.17 |
| Pfizer Inc | $18.44 USD | +0.33 |
| The Coca Cola Co | $57.35 USD | +0.47 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | KFT | Industry Range |
| Price/Earnings | 16.5x |
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| Price/Sales | 1.0x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | 15.8x |
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| TEV/Sales | 0.4x |
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KFT |
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KFT transactions
| Type Date |
Target |
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Merger/Acquisition
August 28, 2009 |
Cadbury plc |
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Bankruptcy
August 13, 2009 |
Affiliated Foods Southwest, Inc. |
