Food – Major Diversified
(KFT) Kraft Foods Trims Jobs – Projects Profits
As Kraft Foods Inc. (KFT) moves ahead with its spin-off plan, the company plans to slash the jobs of about 1,600 employees in North America in the year 2012. According to Kraft, the move was imperative for the smooth running of its businesses. The company also projects higher...
30Jan2012 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Sees Lobbying Charges Shrink
Kraft Foods Inc. (KFT) reported that it spent $640,000 during the third quarter 2011 on issues related to transportation, agriculture, trade and other matters. The lobbying charges shrunk 1.5% from $650,000 spent during the third quarter of 2010 and 12.3% from $730,000 spent...
27Dec2011 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Earnings Beat – Raises Outlook
Kraft Foods Inc. (KFT) posted third quarter 2011 operating EPS of 58 cents per share, surpassing the Zacks Consensus Estimate of 56 cents by 3.6%. It also went up 23.4% from 47 cents reported in the prior-year quarter. Management credited the benefits of increased investments...
6Nov2011 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Cuts Coffee Prices by 6%
Kraft Foods Inc. (KFT) has cut down the prices of its flagship coffee brand Maxwell House by roughly 6% in the US, effective immediately, driven by a decline in the prices of coffee beans. Accordingly, the price slit converts to 20 cents per pound on roast and ground coffees...
14Sep2011 | vitalstocks | 0 comments | Continued(KFT) Kraft Minor stake Aquired by Trian Fund Management
According to the SEC filing, the billionaire investor Nelson Peltz’s hedge fund – Trian Fund Management has acquired 12.2 million shares of Kraft Foods Inc. (KFT) for $381.9 million during the first quarter of 2011. Trian is based in New York and its stake of 12.2 million...
30Jun2011 | vitalstocks | 0 comments | Continued(KFT) Soaring Food Prices: Worst Yet to Come
Over the past few months, consumers in America are witnessing higher prices for their daily food items. The concern is that this inflationary situation may only get worse in the days to come. The Department of Labor Statistics stated that the producer price index soared by 1.6%...
29Mar2011 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Fourth Quarter 2010 Earnings Report Meets Estimates
Kraft Foods Inc. (KFT) posted fourth quarter 2010 operating EPS of 46 cents, in line with the Zacks Consensus Estimate and reflected strong gains from operations and lower taxes, which were offset by various factors. The quarter was primarily driven by strong volume-mix gains...
13Feb2011 | vitalstocks | 0 comments | Continued(KFT) U.S. Weekly Jobless Claims Below 400,000
Weekly jobless claims have fallen below the 400,000 mark to 383,000 for the week ended February 5th — a dip of 36,000 and a big surprise from the 413,000 expected. It is also the lowest level since July 2008. The four-week moving average is down 15,000 to 431,500, and this...
10Feb2011 | vitalstocks | 0 comments | Continued(AFCE) AFC Enterprises Refinances Credit Facility
AFC Enterprises Inc. (AFCE), the franchisor and operator of Popeyes, the world’s second-largest quick-service chicken concept based on number of units, announced yesterday, the completion of a $100 million credit agreement. The agreement was signed on December 23, with...
31Dec2010 | vitalstocks | 0 comments | Continued(HNZ) H.J. Heinz Company Second Quarter 2010 Earnings Preview
H.J. Heinz Company (HNZ), one of the leading manufacturer and marketer of processed food products worldwide, is scheduled to report its second-quarter 2011 financial results on Friday, November 19, 2010. The current Zacks Consensus Estimate for the quarter is 76 cents a share. First...
25Nov2010 | vitalstocks | 0 comments | Continued(KFT) U.S. Trade Deficit Gets Even Worse
In May, the trade deficit expanded to $42.27 billion from $40.32 billion in April. Relative to a year ago, the trade deficit is up 70.0%, but May of a year ago marked the low point in the trade deficit after world trade collapsed following the 2008 financial meltdown. The May...
13Jul2010 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Quarterly Earnings Report Up – Misses Consensus Estimate
Kraft Foods Inc. (KFT) reported first-quarter earnings of 49 cents per share, below the Zacks Consensus Estimate of 55 cents. However, quarterly earnings were up 19.5% year over year. Net revenues for the quarter increased 26.0% year over year to $11.3 billion, primarily due...
9May2010 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Announces Sodium Reduction by 2012
Kraft Foods Inc. (KFT) announced plans to reduce sodium by an average of 10% across its products primarily in North America over the next two years. Management stated that a number of U.S. consumers are concerned about their sodium intake and this move by Kraft should help them...
18Mar2010 | vitalstocks | 0 comments | Continued(KFT) Kraft’s Earnings Estimate Trends Declining
Earnings estimates for Kraft Inc. (KFT) are declining following the release of strong fourth quarter and full year 2009 results. Kraft completed 2009 on a strong note with fourth-quarter earnings increasing 17.1% from the year-ago period to 48 cents per share. Full-year earnings...
8Mar2010 | vitalstocks | 0 comments | Continued(HNZ) H.J. Heinz Company’s Earnings Report Shows Strong Third Quarter
H.J. Heinz Company (HNZ) reported strong results for the fiscal third quarter of 2010 with earnings of 83 cents per share. Earnings were well above the Zacks Consensus Estimate of 64 cents, and were up 9.2% year over year. Quarterly net sales increased 12.7% year over year to...
25Feb2010 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Grows but Misses Earnings Estimates
Kraft Foods Inc. (KFT) reported fourth quarter results with earnings of 48 cents per share, below the Zacks Consensus Estimate of 50 cents. However, quarterly earnings were up 17.1% year-over-year. Net revenues for the quarter increased 3.2% year-over-year to $11.0 billion, primarily...
16Feb2010 | vitalstocks | 0 comments | Continued(KFT) Kraft Scores Cadbury On Final Offer
Kraft Foods (KFT) announced that Cadbury PLC has accepted its final offer, which values Cadbury at £11.7 billion ($19 billion) or 850 pence per share (approximately $13.86 per share). As per the offer, Cadbury shareholders will receive 500 pence (about $8.15) in cash and 0.1874...
19Jan2010 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Offers More Cash for Cadbury
Kraft Foods (KFT) has agreed to sell its North American pizza business to Nestle for $3.7 billion in cash. The transaction is expected to close in 2010. The sale includes the DiGiorno, Tombstone and Jack’s brands in the U.S., the Delissio brand in Canada and the California...
5Jan2010 | vitalstocks | 0 comments | Continued(KFT) 5 Cheapest Dogs of the Dow – Investment Ideas
The end of the calendar year is a symbolic time for many people because it offers an opportunity to reflect on both shortcomings and achievements. This happens to be particularly true for the investment community. End-of-year results are often used as a measuring stick to differentiate...
11Dec2009 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Beats Earnings Forecasts – Raises Guidance
Kraft Foods (KFT) reported strong second-quarter results with earnings of 55 cents per share, above the Zacks Consensus Estimate of 48 cents. Quarterly earnings were also up 61.8% year-over-year. However, net revenues for the quarter declined 5.7% year-over-year to $9.8 billion,...
4Nov2009 | vitalstocks | 0 comments | Continued(KFT) Kraft to Construct New Research and Development Center
Kraft Foods Inc. (KFT), a leading manufacturer and marketer of packaged food and grocery products worldwide, announced its plans to invest about €15 million (approximately $20 million) to establish a new biscuit research and development (R&D) center in Saclay , France...
9Oct2009 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Outlines Cost Savings
Kraft Foods Inc. (KFT), a leading manufacturer and marketer of packaged food and grocery products worldwide, has outlined several cost saving strategies to position itself as a strong bidder for the possible takeover of Cadbury Inc (CBY). Kraft Foods and Cadbury combined would...
10Sep2009 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Sweet on Cadbury
Kraft Foods Inc. (KFT), a leading manufacturer and marketer of packaged food products and grocery products worldwide, on Monday, September 7, 2009 has offered a takeover bid for Cadbury (CBY) at a purchase price of $16.2 billion (£10.2 billion). The offer price represents a...
8Sep2009 | vitalstocks | 0 comments | Continued(LANC) Lancaster Colony Corporation – Higher Zacks Consensus Estimates
Lancaster Colony Corporation (LANC) recently announced fiscal fourth-quarter earnings of $1.01 per share, coming in well ahead of the previous year’s 37 cents and exceeding the Zacks Consensus Estimate by 33%. Lancaster also recently declared a quarterly dividend 28.5 cents...
1Sep2009 | vitalstocks | 0 comments | Continued(HNZ) Heinz Reaffirms Guidance
Heinz (HNZ) reported modest results for the first quarter with earnings of 67 cents per share, which was 5 cents above the Zacks Consensus Estimate of 62 cents. However, earnings were down 6.9% year over year. Quarterly net sales fell 4.5% year over year to $2.47 billion, primarily...
20Aug2009 | vitalstocks | 0 comments | Continued(KFT) The Mac-N-Cheese Economic Indicator?
by The Investment U Research Team If you’re looking for a clutch economic indicator, try Mac-N-Cheese sales. Seriously. They soared 10% in the first quarter, reflecting the consumer weakness we witnessed elsewhere, which ultimately drove the markets lower in January and...
8May2009 | InvestmentU | 0 comments | Continued(LANC) Lancaster Colony Corp. – Momentum – Zacks Rank Buy
Lancaster Colony Corp. (LANC) reported strong second-quarter results in late January and the company’s share price continues to rally. Company Description Lancaster Colony Corp. manufactures and sells consumer goods in specialty foods, glassware and candles in the United...
26Feb2009 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods – substantial dividend, with a current yield of 4.02%
Kraft Foods, Inc. (KFT) is winning customers with its popular food brands. The company has surprised on estimates 2 out of 4 quarters by an average of 7.03%. KFT is trading at 12.8x forward earnings. Company Description Kraft Foods is one of the world’s largest food companies...
29Jan2009 | Shawn | 0 comments | Continued