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 look like.
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
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.