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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.
www.kraft.com
98,000 Employees
Founded in 2000

Kraft Foods Inc. (KFT:NYSE)

LAST $27.29 USD
CHANGE TODAY +0.32 1.19%
VOLUME 6.7M
As of 11:14 AM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Kraft Foods Inc. (KFT)

OPEN
$27.59
PREVIOUS CLOSE
$26.97
DAY HIGH
$27.84
DAY LOW
$27.15
52 WEEK HIGH
01/28/09 - $29.84
52 WEEK LOW
03/5/09 - $20.81
MARKET CAP
40.3B
AVERAGE VOLUME 3 mo
10.9M
DILUTED EPS TTM
$1.61
SHARES OUTSTANDING
1.5B
EX-DATE
09/28/09
P/E TTM
16.9x
DIVIDEND
$1.16
DIVIDEND YIELD
4.25%
K = Thousands  M = Millions  B = Billions
>

related news

Cadbury Bid May Be Sticky Business for Hershey

Hershey would love to link up with Cadbury and block Kraft's bid for the British candy and chocolate maker. But putting a deal together will be difficult

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Marcial: Pros Bet Cadbury Will Melt for Kraft

Analysts think Kraft wants the deal badly and will raise its bid—creating an opportunity for nimble investors

M&A Goes Hostile

Unfriendly bids—like Kraft's for Cadbury—are rising, and defenses are weaker

related news

*Business Highlights
Ferrero may spoil Kraft's hostile pursuit of Cadbury [Daily Mail, London]
Daily Mail, London, Alex Brummer column [Daily Mail, London]
Report: Women still underrepresented in key positions at Chicago companies: Census from the Chicago Network shows number of female directors declined [Chicago Tribune]
Key players in potential Cadbury deal

KFT Top Compensated Officers

Dr. Irene Rosenfeld
Chairman and Chief Executive Officer
Age: 55
Total Annual Compensation: $1.5M
Timothy R. McLevish
Chief Financial Officer and Executive Vice Pr...
Age: 54
Total Annual Compensation: $693.7K
Mr. Rick Searer
Executive Vice President and President of Kra...
Age: 55
Total Annual Compensation: $718.7K
Mr. Sanjay Khosla
Executive Vice President and President of Kra...
Age: 57
Total Annual Compensation: $714.9K
Mr. Marc S. Firestone
Executive Vice President of Corporate & Legal...
Age: 49
Total Annual Compensation: $659.9K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Kraft Foods Inc. (KFT)

Kraft Foods Inc. Puts in Operation Factory in Vladimir Region

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. 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. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Revised Earnings Guidance for the Year 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.

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Industry Analysis

Valuation KFT Industry Range
Price/Earnings 16.5x
Price/Sales 1.0x
Price/Book 1.6x
Price/Cash Flow 15.8x
TEV/Sales 0.4x

KFT

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KFT transactions

Type
Date
Target
Merger/Acquisition
August 28, 2009
Cadbury plc
Bankruptcy
August 13, 2009
Affiliated Foods Southwest, Inc.

More Recent News About Kraft Foods Inc.

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