- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Come October, the Kraft Foods (NYSE:KFT) we know and love will be changing. The company is splitting off its North American grocery business into Kraft Foods Group, which will trade on the NASDAQ with the ticker “KRFT.” The remaining company will be renamed Mondelez International, trading on the NASDAQ with the ticker “MDLZ.”
Don’t Miss: New Kindle Fire Could MAKE OR BREAK Amazon.
Tony Vernon, president of Kraft Foods North America and the future CEO of Kraft Foods Group, said “Our aim is to be North America’s best food and beverage company, and we’ll get there by continuing to offer products consumers love, creating a performance-based culture that motivates and excites employees, and becoming the best investment in the industry.”
Shares of Kraft Foods have seen almost 30 percent growth over the last two years. The company expects the momentum to continue with 2013 earnings per share of $2.60, following generally accepted accounting principles. Kraft knows that shareholders care about dollars. With about $19 billion in revenues in 2011, strong leadership, and quality products, the company is well positioned to deliver.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.