Kraft Foods Inc
KFT:NYSE
| Last | Change / % Change | Dividend Yield | Volume |
| 38.38 | -0.03 -0.08% | 3.02% | 331,984 |
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Latest News Headlines for Kraft Foods Inc
BarCap, Citi, Goldman, JP Morgan, RBS run Kraft Foods USD6bn notes sale
31 May 2012 - Barclays Capital, Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), JP Morgan (NYSE:JPM) and Royal Bank of Scotland (LON:RBS), or RBS, have served as active joint book-running managers for US food products manufacturer Kraft Foods Group Inc's placement of USD6bn (EUR4.8bn) senior unsecured notes in four batches, Thomson Reuters' IFR service reported.
The issue consists of USD1bn 1.625% notes due on 4 June 2015, USD1bn 2.25% notes due on 5 June 2017, USD2bn 3.5% notes due on 6 June 2022 and USD2bn 5% notes maturing on 4 June 2042. The tranches were priced below par to yield 135, 160, 200 and 235 basis points over similar-maturity US Treasuries, respectively.
The coupons will be paid on a semi-annual basis, starting on 4 December 2012 for the three- and 30-year batches, on 5 December 2012 for the five-year tranche and on 6 December 2012 for the 10-year portion.
All four tranches are scheduled to settle on 4 June 2012.
The issuer's parent, Kraft Foods Inc (NYSE:KFT), provides a cover for the issue.
The debt has won investment status from rating agencies Moody's and Standard and Poor's (S&P;). In particular, Moody's rated the instruments at Baa2, which indicates "moderate credit risk", and S&P; gave them a rating of BBB, which implies "adequate" debt servicing capacity.
Kraft Foods Bearish Moving Average Crossover Alert (KFT)
Kraft Foods (NYSE:KFT) shares have crossed bearishly below their 10-day moving average of $38.55 on a volume of 2.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.Kraft Foods (NYSE:KFT) has potential upside of 13.7% based on a current price of $38.33 and analysts' consensus price target of $43.60. Kraft Foods shares should encounter resistance at the 50-day moving average (MA) of $38.49 and support at its 200-day MA of $36.74.
Watch for Shares of Kraft Foods (KFT) to Approach Support at $38.29
View more recent headlinesKraft Foods (NYSE:KFT) has opened bearishly below the pivot of $38.65 today and has reached the first level of support at $38.47. Should the shares continue to fall, the support pivots of $38.29 and $37.93 will be of interest.
Company Background
Kraft Foods Inc. (Kraft Foods) is a food company. Kraft Foods manufactures and markets packaged food products, including biscuits, confectionery, beverages, cheese, convenient meals and various packaged grocery products. The Company sells its products to consumers in approximately 170 countries. The Company operates in three segments: Kraft Foods North America, Kraft Foods Europe and Kraft Foods Developing Markets. At December 31, 2011, it had operations in more than 80 countries and made its products at 220 manufacturing and processing facilities worldwide. At December 31, 2011, its portfolio included twelve brands: Oreo, Nabisco and LU biscuits; Milka and Cadbury chocolates; Trident gum; Jacobs and Maxwell House coffees; Philadelphia cream cheeses; Kraft cheeses, dinners and dressings; Oscar Mayer meats, and Tang powdered beverage. Its brands span six consumer sectors: biscuits, confectionery, beverages, cheese, grocery and convenient meals.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 38.37 | Previous Close 38.41 |
Day High 38.40 | Day Low 38.22 |
52wk High/Date 39.99 / 5/1/2012 | 52wk Low/Date 31.88 / 10/4/2011 |
Beta 0.4 | Market Capitalization 68.0B |
Shares Outstanding 1.8B | Volatility Avg 15.88 |
Avg Vol(10 day) 8.7M | P/E Ratio 19.3x |
EPS(TTM) 1.99 | Yield 3.02% |
Dividend Announcement 5/23/2012 | Ex-Date 6/27/2012 |
Payable 0.29 - QRTR | Payable Date 7/16/2012 |
Date of Record 6/29/2012 | |
Last Trade as of 5/31/2012 9:36 AM ET | |
KFT Kraft Foods Inc vs. Peers
| Peers | |
|---|---|
KFT Kraft Foods Inc | 2.81% |
The Coca-Cola Company | 7.27% |
PepsiCo, Inc. | 2.82% |
Kellogg Company | -2.39% |
General Mills, Inc. | -4.68% |
KFT Kraft Foods Inc | 3.02% |
The Coca-Cola Company | 2.72% |
PepsiCo, Inc. | 3.15% |
Kellogg Company | 3.48% |
General Mills, Inc. | 3.17% |
KFT Kraft Foods Inc | -0.08% |
The Coca-Cola Company | -0.01% |
PepsiCo, Inc. | 0.06% |
Kellogg Company | -0.04% |
General Mills, Inc. | -0.26% |