Kraft Foods’ Estimates Cut at Credit Suisse on Cost Concerns (KFT)

Filed in dividend, earnings, EPS, Gold Bullion prices, o, outperform, shares, target by on January 31, 2011 0 Comments

Packaged foods maker Kraft Foods Inc. ( KFT ) on Monday saw its earnings estimates lowered through 2012 by analysts at Credit Suisse. The firm said it cut its 2011 and 2012 EPS estimates for KFT to $2.23 and $2.45, respectively. Credit Suisse cited rising costs for the move, as many food sellers have been feeling the crunch. Still, the analyst maintained its “Outperform” rating and $35 price target on KFT, which implies a 15% upside to the stock’s Friday closing price of $30.53. Kraft Foods shares were mostly flat in premarket trading Monday. The Bottom Line We have been recommending shares of Kraft Foods ( KFT ) since May 5, 2009, when the stock was trading at $24.26. The company has a 3.80% dividend yield, based on Friday’s closing stock price of $30.53. Kraft Foods Inc. ( KFT ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Kraft Foods’ Estimates Cut at Credit Suisse on Cost Concerns (KFT)

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