As Kraft Foods Group Inc (KRFT) continues to cut costs, BMO Capital remains bullish on the package foods manufacturer.
The analysts raised earnings estimates on KRFT through 2014. Also, the firm maintains an “Outperform” rating on Kraft with a new price target of $53. This target suggests a 12% upside to Friday’s closing price of $47.17.
Kraft Foods shares were up 33 cents, or +0.71%, during morning trading on Tuesday. The stock is up +5.32% over the past year.
The Bottom Line
Shares of Kraft Foods (KRFT) have a dividend yield of 4.24% based on Friday’s closing price of $47.17 and the company’s annualized dividend payout of $2.00 per share.
Kraft Foods Group Inc (KRFT) is recommended at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.