Kraft Foods Group, Inc. (Kraft Foods Group) operates food and beverage businesses in North America. The Company manufactures and markets food and beverage products, including convenient meals, refreshment beverages and coffee, cheese and other grocery products, in the United States and Canada, under a stable of iconic brands. Its product categories span breakfast, lunch and dinner meal occasions, both at home and in foodservice locations. The Company sells its products to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, drug stores, gasoline stations, value stores and other retail food outlets in the United States and Canada.
KRFT Basic Statistics
- Ticker Symbol: KRFT
- PE Ratio: 17.02
- Yield: 4%
- Dividend Growth 10yr: 6.4%
- Payout Ratio: 48%
- Market cap: $31 B
- Website: http://www.kraftfoodsgroup.com
Dividend Growth Rate
I have been toying with the idea of picking up more food-related stocks as well. KRFT has better fundamentals than PEP, KO etc. Good buy, CD.
ReplyDeleteI know what ya mean. There will always be a demand for food. Kraft makes a lot of junk food so it's a great play for North America. I would have loved to buy more GIS but it's quite high right now so I'll have to wait on that one.
DeletePEP and KO there is some risk with the soda taxes that are being proposed in Europe, Australia, New Zealand, Mexico and sales.
DeleteDidn't Buffett recently invest in Kraft? Or am I mistaking it with some other purchase? Nevertheless I like the company. And the yield is very nice as well as the growth. Nice buy!
ReplyDeleteAs far as I know Mr. Buffet has been selling his KRFT shares. I'm not sure why of course but the tracker I've seen shows he 'only' has a couple hundred thousand shares left.
DeleteI think the growth at Kraft will be slow, but reasonably consistent. Every position does not have to be high growth for me.
ReplyDeleteThat's perfectly fine with me. As far as stock price appreciation goes I'd prefer slow steady growth since it keeps my future purchases from costing too much. If a stock skyrockets too fast I'm tempted to sell for a capital gain but I try not to do that since I'm in it for the long haul.
DeleteCaptain,
ReplyDeleteCongrats on crossing the $50k mark! That's awesome. :)
KRFT looks good here. Not expensive, not cheap. The growth is likely to be in the mid-single digits, and the entry yield is attractive. A very defensive investment that should serve you well.
Best wishes!
Thanks DM, I try not to pay too much attention to the value of my portfolio because the market can change that in a hurry but it's a nice milestone for sure.
DeleteAbout KRFT, I know what you mean. It's hard to get a sure fire homerun these days but I'm happy with my entry here.
I purchased some GIS last week even though it's not exactly a steal. Although I do feel it's a decent buy where I was able to purchase, obviously I'd love to get it cheaper though. KRFT looks solid. I've been looking at some more defensive names as a lot of the higher growth DG companies out there aren't exactly cheap. I'd still like to get some PEP but it needs to come down some in price.
ReplyDeleteI would have loved to scoop up some more GIS as well. It's been one of my best performers in terms of stock price appreciation. Darn this market ! I'll have to wait for a correction.
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