Kraft Foods Stays Neutral
We maintain a Neutral rating on Kraft Foods Inc. (NYSE:KFT) following appraisal of fourth quarter and full year 2011 results. Kraft Foods posted fourth-quarter 2011 operating EPS of 57 cents per share, (excluding integration and spin-off costs), which was in line with the Zacks Consensus Estimate. However, it went up 23.9% from the prior-year quarter. [...]
We maintain a Neutral rating on Kraft Foods Inc. (NYSE:KFT) following appraisal of fourth quarter and full year 2011 results.
Kraft Foods posted fourth-quarter 2011 operating EPS of 57 cents per share, (excluding integration and spin-off costs), which was in line with the Zacks Consensus Estimate. However, it went up 23.9% from the prior-year quarter. Robust sales growth driven by price increases and effective cost management boosted earnings in 2011.
Revenues in the quarter rose 6.6% to $14.7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards