Food – Major Diversified

(KRFT) Kraft Foods Beats Earnings and Revenue – Keeps View

Kraft Foods Group, Inc. (KRFT) reported solid first-quarter 2013 results beating the Zacks Consensus Estimate for both revenues and earnings on the back of solid innovation and stepped up advertising spend behind its biggest brands....

23May2013 | | Comments Off on (KRFT) Kraft Foods Beats Earnings and Revenue – Keeps View | Continued

(KRFT) Kraft Foods Group Beats Earnings and Revenues – Keeps View

Kraft Foods Group, Inc. (KRFT) reported solid first-quarter 2013 results beating the Zacks Consensus Estimate for both revenues and earnings on the back of solid innovation and stepped up advertising spend behind its biggest brands....

16May2013 | | Comments Off on (KRFT) Kraft Foods Group Beats Earnings and Revenues – Keeps View | Continued

(HNZ) Burger King CEO to Head Heinz

3G Capital and Berkshire Hathaway, Inc. (BRK.B), which are due to purchase ketchup giant, H.J. Heinz Company (HNZ), recently announced the appointment of a new chief...

25Apr2013 | | Comments Off on (HNZ) Burger King CEO to Head Heinz | Continued

(KRFT) Kraft Foods Group Updates 2012 Fourth Quarter and FY2013 Guidance

Kraft Foods Group Inc. (KRFT), the packaged food and beverage company, announced preliminary results for the fourth quarter 2012 and updated guidance for full year 2013.

Kraft Foods Group was spun off from Kraft Foods, Inc....

21Feb2013 | | Comments Off on (KRFT) Kraft Foods Group Updates 2012 Fourth Quarter and FY2013 Guidance | Continued

(KRFT) Kraft Foods Shares Initiated at Neutral

We have initiated coverage on Kraft Foods Group, Inc. (KRFT) with a Neutral recommendation and a target price of $48.00.

Headquartered in Northfield, IL, Kraft Foods Group was spun off from Kraft...

3Dec2012 | | Comments Off on (KRFT) Kraft Foods Shares Initiated at Neutral | Continued

(KFT) Did They Make the Right Pick in Dow 30 Shakeup?

The Dow Jones Industrial Average, arguably the most famous and oft-quoted benchmark of American stock performance, will be swapping one of its components in one week’s time. The index will be removing Kraft Foods (KFT) and putting...

18Sep2012 | | Comments Off on (KFT) Did They Make the Right Pick in Dow 30 Shakeup? | Continued

(KFT) Kraft Foods Analyst Maintains Neutral Rating on Shares

We maintain a Neutral rating on Kraft Foods Inc. (KFT) following the appraisal of second quarter 2012 results.

Kraft Foods’ second quarter 2012 earnings of 68 cents beat the Zacks Consensus Estimate by 3% and the prior-year...

14Aug2012 | | Comments Off on (KFT) Kraft Foods Analyst Maintains Neutral Rating on Shares | Continued

(KFT) Kraft Foods Expands SodaStream Deal

Kraft Foods, Inc. (KFT) has expanded its existing partnership with SodaStream International, Ltd. (SODA) to use its powdered beverage Kool-Aid with the latter’s...

23Jul2012 | | Comments Off on (KFT) Kraft Foods Expands SodaStream Deal | Continued

(KFT) Consumer Staples Stock Outlook – July 2012 – Industry Outlook

Stocks in the Consumer Staples sector have carried out their traditional defensive role despite concerns about the prolonged weak US economy and the debt crisis in Europe. Year to date (through June 22, 2012), shares of consumer staples companies, accounting for about 9% of the S&P 500 Index by...

5Jul2012 | | Comments Off on (KFT) Consumer Staples Stock Outlook – July 2012 – Industry Outlook | Continued

(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...

30Jan2012 | | 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...

27Dec2011 | | 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...

6Nov2011 | | 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...

14Sep2011 | | 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...

30Jun2011 | | 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% in February...

29Mar2011 | | 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...

13Feb2011 | | 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 figure averages in...

10Feb2011 | | 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. ...

31Dec2010 | | 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...

25Nov2010 | | 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 trade...

13Jul2010 | | 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...

9May2010 | | 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...

18Mar2010 | | 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...

8Mar2010 | | 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...

25Feb2010 | | 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...

16Feb2010 | | 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...

19Jan2010 | | 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...

5Jan2010 | | 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 between strategies...

11Dec2009 | | 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.