NEW YORK (TheStreet) -- Kraft Foods (KRFT) reported second quarter earnings of 80 cents per diluted share, 2 cents short of analysts guidance, on revenue of $4.7 billion that also fell below analysts expectations of $4.8 billion.
Kraft Foods shares are relatively flat in after-hours trading on Wednesday.
TheStreet Ratings team rates KRAFT FOODS GROUP INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate KRAFT FOODS GROUP INC (KRFT) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."