NEW YORK (TheStreet) -- Kraft Foods (KRFT) has issued a recall of 1.2 million cases of cottage cheese after certain ingredients were not stored at a safe temperature at a manufacturing plant in Tulare, California.
Kraft said though the recall was precautionary, there was still a chance the improper storage could have created conditions which increase the likelihood of food-borne illness. Product affected had only been shipped to within U.S. stores.
The company said it is currently investigating only one complaint of illness from a batch of the cheese. Customers with affected products can be exchanged or refunded at the store of purchase.
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, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."
Highlights from the analysis by TheStreet Ratings Team goes as follows: