Kraft Outlines More Post-Mondelez Guidance
Kraft Foods Group Inc. (NASDAQ: KFT) is again outlining more and more of its outlook for what the company will look like after its reorganization. It is also giving more details on the coming break-up for what Mondelez International will…
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At the Barclays Back to School Consumer Conference held in Boston, the company offered the following data:
- Long-Term Targets of 5% to 7% Organic net revenue growth and double-digit operating earnings per share growth on a constant-currency basis
- 2013 outlook of 5% to 7% organic net revenue growth and operating earnings per share of $1.50 to $1.55
What is important to know here is that even if Kraft has been dead money for so much of the past decade, this stock is effectively at an all-time high. It also still yields 2.8% or so in dividend yield terms, and that is above average for many food stocks.
Kraft’s close was up 1.55% at $42.31 and the stock’s new high is $42.44; shares have traded in a range of $31.88 to $42.00 over the last 52-weeks. The old nominal high on Kraft shares was actually $43.95 back in June 3, 2012 but on a dividend-adjusted basis the real price would be more than $10 lower per share on that basis.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
