Last $66.96 USD
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As of 4:15 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

kraft foods group inc (KRFT) Key Developments

3G Capital Reportedly Eyes Entities For Acquisition

3G Capital Partners Ltd. intends to acquire food and beverage firms. The Wall Street Journal reported that 3G Capital is discussing the possibility to acquire Pepsico, Inc. (NYSE:PEP) or Campbell Soup Company (NYSE:CPB). 3G Capital might collaborate with Anheuser-Busch InBev SA/NV (ENXTBR:ABI), Wall Street Journal reported, citing people familiar with the matter. 3G Capital may also consider the acquisition of Kellogg Company (NYSE:K) and Kraft Foods Group, Inc. (NasdaqGS:KRFT).

Kraft Foods Group, Inc.(NasdaqGS:KRFT) added to S&P 500 Value Index

Kraft Foods Group, Inc.(NasdaqGS:KRFT) added to S&P 500 Value Index

Kraft Foods Group, Inc. Announces Executive Changes

Kraft Foods Group, Inc. announced that its board of directors has named John Cahill, Chairman of the Board of Directors, to the position of Chairman and Chief Executive Officer of company. Mr. Cahill will succeed Tony Vernon, who has informed the board of his intention to retire as CEO on Dec. 27, 2014, the last day of the company's fiscal year. Mr. Vernon will stay on as a senior advisor through March 31, 2015 and as a director until the company's next annual meeting in 2015. Mr. Cahill was previously Chairman and Chief Executive Officer of Pepsi Bottling Group. Mr. Vernon, who will be 59 when he retires as a director, has served as CEO since the company's spin-off from Mondelez International in October 2012. Prior to that, Mr. Vernon was the company's Executive Vice President and President, Kraft Foods North America.

Kraft Foods Group, Inc. Declares Regular Quarterly Dividend, Payable on Jan. 16, 2015

The Board of Directors of Kraft Foods Group, Inc. has declared a regular quarterly dividend of $0.55 per share of common stock, payable on Jan. 16, 2015, to shareholders of record on Dec. 26, 2014.

Chi Farms Reportedly Attracts Interests

The family behind Chi Farms, which markets juice and dairy products in Nigeria, has reportedly put the company up for sale, attracting tentative interest from multinationals such as The Carlyle Group LP (NasdaqGS:CG), Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR), The Blackstone Group L.P. (NYSE:BX), The Blackstone Group L.P. (NYSE:BX) and Kraft Foods Group, Inc. (NasdaqGS:KRFT), according to people familiar with the talks. The sale, expected to conclude in early 2015, could fetch between $750 million and $1 billion, the same people said. The first round of bids is expected soon.

 

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ConAgra Foods Inc $36.94 USD +0.18
Danone SA €60.16 EUR +0.16
General Mills Inc $54.95 USD +0.39
Kellogg Co $68.88 USD +0.20
Starbucks Corp $88.12 USD -0.10
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KRFT

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Valuation KRFT Industry Range
Price/Earnings 17.0x
Price/Sales 2.2x
Price/Book 7.1x
Price/Cash Flow 16.6x
TEV/Sales 1.6x
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