(KFT) Maxwell House and Other Food Brands
Kraft Foods raised prices worldwide in the fourth quarter of last year.
Then in May Kraft hiked the price of its Maxwell House coffee by 22%, or 70 cents per pound, the largest of four price increases in a year.
Kraft's consumer prices have soared around 56% since May 2010.Also in May, Kraft said it raised its product prices by 3.7%, hoping to offset a 7% surge in ingredient costs. Kraft, the maker of popular consumer food products under the Nabisco, Oscar Meyer, Cool Whip, Jell-O, Dentyne and Wheat Thins brands, among many others, may raise prices again this year as commodity costs continue to rise, according to June 3 reports. "We've implemented a first round of pricing; however, at current cost levels, further pricing may be necessary later in the year," management said.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV