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MarketIntelligenceCenter.com (Free subscription) | yesterday
Kraft Foods (NYSE: KFT) closed yesterday at $26.61. So far the stock has hit a 52-week low of $20.81 and 52-week high of $29.84. Kraft Foods stock has been showing support around 26.36 and resistance in the 27.02 range. Technical indicators for the stock are Bearish and S&P gives KFT a weak 2 STAR (out of 5) sell rating. KFT appears on the Investors Observer Analysts Favorites list. For a hedged...
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PR News Wire (Free subscription) | 12/02/2009
NORTHFIELD, Ill., Dec. 2 /PRNewswire-FirstCall/ -- Just in time for the holiday cooking and entertaining season, Kraft Foods (NYSE: KFT) today announced new mobile offerings to give people meal planning solutions, whenever and wherever needed. Just one year after the launch of its iFood Assistant, the company is expanding the current application to include iFood Assistant 2.0 with enhanced content...
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BloggingStocks (Free subscription) | 12/01/2009
Filed under: Options , Kraft Foods'A' (KFT) Cadbury PLC ( CBY ) closed at $53.37. Cadbury, the world's second largest confectioner, rejected Kraft's ( KFT ) buyout bid on Nov. 9. CBY December option implied volatility is at 26, March is at 23, versus its 26-week average of 29, according to Track Data, suggesting decreasing price movement. ishares NASDAQ Biotechnology Index ( IBB ) closed at $78.41....
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ETF Trends (Free subscription) | 11/27/2009
The world of candy making is becoming a bit ruthless as companies vie for greater market share. Confectionery companies are fighting to acquire a major candy maker, and related exchange traded funds (ETFs) could benefit from the greater market efficiency. Kraft Foods’ (NYSE: KFT) ambition to...
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BloggingStocks (Free subscription) | 11/27/2009
Filed under: Earnings reports , Campbell Soup (CPB) , ConAgra Foods (CAG) , Kraft Foods'A' (KFT) Heinz ( HNZ ) reported second quarter results earlier in the week. Should shareholders be thankful for the data in the press release ? I would guess that those who aren't the type to buy and sell on a dime, and are holding for the long haul, will find this consumer-products company's numbers good enough....
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SeekingAlpha ETFs (Free subscription) | 11/26/2009
Tom Lydon (ETF Trends) submits: Despite an impressive market rally that has major indexes up around 65% off the March 9 lows, there are still a number of blue-chip stocks delivering handsome dividend yields. ETFs can give a diversified play. Yields upwards of 3% are being offered by some well-known names, including Kraft Foods (NYSE: KFT ), Clorox (NYSE: CLX ), Sara Lee ( SLE ), Sysco (NYSE: SYY ),...
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Stocks to Watch Today (Free subscription) | 11/25/2009
In the ongoing saga of Hershey (HSY) and Kraft Foods’s (KFT) potential $17 billion bidding war for Cadbury PLC (CBY), the rumors continue to swirl at a frantic pace. Monday brought news Kraft might increase its $16.7 billion bid for Cadbury, amidst rumors Nestle (NSRGY) may join the bidding. That [...]
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24/7 Wall St. (Free subscription) | 11/23/2009
Cadbury plc (NYSE: CBY) is effectively worth almost more than ever because of the merger interest. Kraft Foods Inc. (NYSE: KFT) has a cash and share bid is worth roughly $16.4 billion already, and Cadbury wants more. Throwing in the Hershey Co. (NYSE: HSY) bid may only complicate matters. Throw in Italy’s Ferrero and Switzerland’s [...]
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Stocks to Watch Today (Free subscription) | 11/20/2009
Hershey (HSY) could issue $2 billion of new shares and spend $10 billion of cash as part of a deal to steal Cadbury (CBY) from Kraft Foods (KFT something the Charitable Trust controlling Hershey would very much like, according to an article in the Wall Street Journal this afternoon. The [...]
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iStockAnalyst.com (Free subscription) | 11/19/2009
Hershey Co. (NYSE: HSY) and Italian-based confectioner Ferrero SpA are considering a possible bid for U.K. candy giant Cadbury PLC (NYSE ADR: CBRY), raising the potential for a costly bidding war. But should a battle take place, U.S. food giant Kraft Foods Inc. (NYSE: KFT) is still the odds-on favorite. [More...]
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Stocks to Watch Today (Free subscription) | 11/18/2009
Hershey’s (HSY) interest in topping Kraft Foods’s (KFT) $16.7 billion bid for Cadbury PLC (CBY) faces the problem of raising substantial debt financing, report the Mergermarket folks inside the Financial Times this afternoon. Because of the family ownership structure of Hershey, and its Italian partner, privately held confectioner Ferrero, the [...]
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BloggingStocks (Free subscription) | 11/18/2009
Filed under: Before the bell , International markets , Deals , Market matters , Hershey Co (HSY) , Economic data , Kraft Foods'A' (KFT) , Commodities , Oil , Housing U.S. stock futures edged higher Wednesday morning, a little above the 13-month highs they reached Tuesday, as investors await key data figures, including consumer prices and housing starts. As traders take a breather from the recent runup...
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Stocks to Watch Today (Free subscription) | 11/17/2009
Dow Jones Newswires this afternoon are reporting executives of Hershey (HSY) have been mulling “for several weeks” whether to making an offer for Britain sweets maker Cadbury PLC (CBY) to compete with Kraft Foods’s (KFT) $16.7 billion hostile bid. Unnamed sources have told reporters in the last week that Cadbury’s [...]
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Chicago Tribune (Free subscription) | 11/17/2009
U.S. chocolate giant Hershey Co. (HSY) has been in high-level talks with Italian chocolate maker Ferrero Spa to possibly craft a rival joint bid to Kraft Foods Inc.'s (KFT) $16.7 billion offer for Cadbury PLC (CBY), according to people familiar with the matter.
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MarketIntelligenceCenter.com (Free subscription) | 11/13/2009
Kraft Foods (NYSE: KFT) opened at $26.84. So far today, the stock has hit a low of $26.80 and a high of $27.12. KFT is now trading at $26.96, up $0.12 (0.45%). The stock hit its 52-Week high of $29.84 in January and set its 52-Week low of $20.81 in March. The stock is moving higher today with the overall Food industry. Tech...
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