Kraft Foods Inc Stock Buy Recommendation Reiterated (KFT)
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- The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
- KRAFT FOODS INC has improved earnings per share by 5.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, KRAFT FOODS INC increased its bottom line by earning $1.99 versus $1.42 in the prior year. This year, the market expects an improvement in earnings ($2.46 versus $1.99).
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Food Products industry average. The net income increased by 5.4% when compared to the same quarter one year prior, going from $976.00 million to $1,029.00 million.
- Net operating cash flow has significantly increased by 60.60% to $2,059.00 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 11.84%.
--Written by a member of TheStreet Ratings Staff. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free Download Now
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