Kraft Heinz KHC (former Kraft Foods)

Re: Kraft Foods KFT

Postby kazataza » Wed Jul 30, 2008 6:51 pm

i must say a big THANK YOU to all of you out there....really appreciated all your help.

to Sansan's question,
Q: is this one of your trades, in your experience, that proved esp. difficult on an emotional level? other than e cheem jurgon?

actually hor...i'm not very experienced in trading...Kraft was the 1st US counter i ever bot apart from my own company's stocks...
i had to admit the cheem terminologies and jargon freaked me out... :lol:



anw, my final decision is to hold on to my Kraft stocks for now and not do anything (ok...i admit part of it is due to my laziness to dig out all information)...
but here's some of my thoughts while thinking throught this (some were already mentioned in earlier post):-


- believe that kraft will continue to be a boring and dividend-paying stock w/o any much price movement. this is actually what i'm looking for when i'd decided to park my funds in kraft. hence, do not see why the split off will change my "decision"

- conversion rate to Ralcorp's shares not fixed and dependent on take up rate

- kraft is a big international brand name compared to Ralcorp/Post cereals. believe that the "staple food" provided by Kraft will still be resilient to any economic downturn (people still have to eat right?)

- Mr Buffett is still vested in Kraft. better to follow a guru?

- last but not least, maybe i will still be able to get some ralcorp shares for free? cos in the event that the takeup rate is not high, these shares are distributed to Kraft shareholders




ok guys....shoot me if u think i'm too lazy and am still missing out something :geek:
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Re: Kraft Foods KFT

Postby kennynah » Wed Jul 30, 2008 7:20 pm

"shoot u"? :shock:

And eat govt buffet everyday complete with colgate n oral B toothbrush? No, no. Better I just wish u huat huat on your kraft position :lol:
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Re: Kraft Foods KFT

Postby helios » Wed Jul 30, 2008 10:17 pm

kazataza wrote:- believe that kraft will continue to be a boring and dividend-paying stock w/o any much price movement. this is actually what i'm looking for when i'd decided to park my funds in kraft. hence, do not see why the split off will change my "decision"

- conversion rate to Ralcorp's shares not fixed and dependent on take up rate

- kraft is a big international brand name compared to Ralcorp/Post cereals. believe that the "staple food" provided by Kraft will still be resilient to any economic downturn (people still have to eat right?)

- Mr Buffett is still vested in Kraft. better to follow a guru?

- last but not least, maybe i will still be able to get some ralcorp shares for free? cos in the event that the takeup rate is not high, these shares are distributed to Kraft shareholders


wow, good decision.

Take the dividends, and cover back some of your food inflation costs?

fyi, i love Post blueberry cereals for 10++ years! in these recent months, i noticed their cornflakes are super cripsy and thinner than the previous productions (years). i don't know this is good or bad, or are these made from genetically modified corn?
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Re: Kraft Foods KFT

Postby kazataza » Wed Jul 30, 2008 10:54 pm

Sansan,

looks like our taste differs in cereals...tried the Post cereals maybe around 10 yrs back and didnt really like the taste leh...
my personal favourite: Marks & Spencer Triple Chocolate Crunch (but fattening leh) :P
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Re: Kraft Foods KFT

Postby kazataza » Wed Jul 30, 2008 10:55 pm

kennynah wrote:"shoot u"? :shock:

And eat govt buffet everyday complete with colgate n oral B toothbrush? No, no. Better I just wish u huat huat on your kraft position :lol:


hahaha...just using an analogy mah...
thanks for your wishes...hope i huat in the form of steady dividends stream :)
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Re: Kraft Foods KFT

Postby kazataza » Thu Aug 07, 2008 9:59 am

Related Quotes
Sym. Price Chg.
KFT Trade
News 32.28 -0.06
RAH Trade
News 57.78 1.19
Kraft Foods Announces Final Proration Factor of 8.0255% for Shares Tendered in the Post Cereals Exchange Offer

Aug 6, 2008 19:43:00 (ET)


NORTHFIELD, Ill., Aug 06, 2008 /PRNewswire-FirstCall via COMTEX/ -- Kraft Foods Inc. (KFT, Trade ) today announced that the final proration factor related to the split-off of the Post cereals business is 8.0255%. A total of 568,543,287 common shares of Kraft were validly tendered in exchange for 30,466,805 shares of Cable Holdco, Inc. common stock.


Cable Holdco was a wholly owned subsidiary of Kraft that owned certain assets and liabilities of the Post cereals business. On August 4, 2008, Cable Holdco was merged into a subsidiary of Ralcorp Holdings, Inc. (RAH, Trade ). Under the terms of the offer, 0.6606 shares of Cable Holdco were exchanged for each Kraft common share accepted in the offer. As a result of the merger of Cable Holdco into a subsidiary of Ralcorp, each share of Cable Holdco was exchanged for a share of Ralcorp common stock on a one-for-one basis. Accordingly, Kraft shareholders who tendered their Kraft shares as part of this offer now own 0.6606 shares of Ralcorp for each Kraft share accepted for exchange.

Kraft was able to accept a maximum of 46,119,899 Kraft shares for exchange in the exchange offer. Of the 568,543,287 Kraft shares validly tendered, 534,106 shares were tendered by odd lot shareholders not subject to proration. Kraft shares validly tendered by each tendering shareholder other than odd lot shareholders were exchanged for Cable Holdco shares on a pro-rata basis. Unexchanged shares will be returned to tendering shareholders.

Holders of Kraft common shares will receive shares of Ralcorp common stock to which they are entitled in uncertificated form. Notices of the number of whole shares of Ralcorp common stock credited to their accounts will be mailed to them.

Under the terms of the offer, fractional shares of Ralcorp common stock will not be issued. Instead, fractional shares will be aggregated and sold, and the net cash proceeds of such sale will be distributed to tendering shareholders with fractional interests.
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Re: Kraft Foods KFT

Postby kazataza » Thu Sep 04, 2008 11:09 am

Kraft Projects EPS Of At Least $2 A Share For 2009

Sep 3, 2008 08:40:19 (ET)

NEW YORK (Dow Jones)--Kraft Foods Inc. (KFT) expects net earnings of at least $2 a share for 2009, Chief Executive Irene Rosenfeld said at a Lehman Brothers consumer conference.

For 2008 the company said it expects per-share earnings of at least $1.88 excluding items. That estimate is 4 cents lower than previous projections due to an adjustment for the exit of the Post cereals business, Kraft said.

Kraft has been in the middle of a turnaround and company executives said Wednesday that the food giant will boost its efforts to cut costs. "I feel better about our progress," Rosenfeld said.

For the long term Kraft said it is targeting 4% organic net revenue growth and 7% to 9% per-share earnings growth.

Kraft also said it will focus on growing revenue and improving margins in its international business by focusing on a handful of markets and brands.

"We have significantly accelerated growth of our (international) business," said Sanjay Khosla, president of Kraft International.

The company said its 2009 earnings guidance includes about $200 million to $300 million of spending on cost savings initiatives and a charge of 3 cents a share from exiting its Post cereals business.

According to Thomson Reuters, analysts expect the company to earn $2.06 a share in 2009, on average. Analysts' estimates typically exclude one-time special items.

Shares of Kraft were at $31.71 in pre-market trading, up from the previous closing price of $31.70.

-By Anjali Cordeiro, Dow Jones Newswires; 201-938-2408; [email protected]
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Re: Kraft Foods KFT

Postby kazataza » Thu Sep 04, 2008 11:10 am

Kraft Foods Sends Aid to Feed Louisiana and Alabama Families in Need

NORTHFIELD, Ill., Sept 03, 2008 /PRNewswire-FirstCall via COMTEX/ -- Kraft Foods Inc. (KFT, Trade ) announced today it will donate three truckloads of Kraft products, valued at more than $150,000, to the American Red Cross to help provide relief to victims of Hurricane Gustav.


The hurricane struck Louisiana and Alabama this past weekend, affecting approximately 2 million people.

"Food donations are especially important after a disaster strikes," said Amina Dickerson, Senior Director, Corporate Community Involvement at Kraft Foods. "They make an immediate positive difference in people's lives during a time of tremendous need. The American Red Cross is doing an outstanding job getting donations from companies, such as Kraft, to families affected by the disaster."

"The American Red Cross is grateful for Kraft's donation of food to support Hurricane Gustav relief efforts," said Jeff Towers, Chief Development Officer at the American Red Cross. "Kraft consistently supports Red Cross disaster responses through financial and product donations."

At this time, Kraft is not aware of any impact on its employees or their homes.

Earlier this year, Kraft donated $1.3 million to help victims of various disasters such as the Midwest flooding, China earthquake and Myanmar cyclone. Since 2000, Kraft has contributed a total of $9.2 million in cash and products for humanitarian aid to different locations worldwide. Over the last five years, Kraft has donated more than $100 million in cash and $300 million worth of food to hunger relief and healthy lifestyle projects around the world.
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Re: Kraft Foods KFT

Postby kazataza » Thu Sep 04, 2008 11:14 am

happened to see Kraft's CEO presenting on CNBC last night....on the international growth, Kraft will actually focus more on 10 markets - China, Russisa, Brazil, S.E.A, France, Germany (are the ones i can remember).

Concerns raised on the dependency on emerging markets for expansion as similar consumer companies had tried to enter the market but eventually lose out to the home companies...
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Re: Kraft Foods KFT

Postby helios » Fri Sep 05, 2008 9:56 pm

05-Sep-2008 - The biofuels policy in the US is resulting in soaring global food prices, along with unprecedented high input costs for the industry, and needs to be changed, according to chairman and CEO of Kraft Foods, Irene Rosenfeld.

A number of economic and social forces are to blame for the price hikes - such as the weather, the weak US dollar and growing demand for food and energy across the world - but biofuels is the one area that can be controlled, she claimed.

Rosenfeld believes that “inflexible mandates” and “generous subsidies” risk creating inefficiencies and exerting pressures on food and feed supply systems, and these pressures are often inconsistent with market demands.

Kraft, along with other member companies of the Grocery Manufacturers Association (GMA), is working to raise awareness and petition lawmakers and regulators to adjust the current biofuels policy so it is more in line with market forces.

Michael Mitchell, Kraft spokesman, told FoodNavigator-USA.com: “We are one of many voices expressing concern about this issue, including leading food companies, world hunger organizations, consumer advocacy groups and environmental experts.

“Like many others, we believed that growing some of our fuel would be a simple and appealing alternative to drilling for it.

“Unfortunately, government production mandates and tax incentives for biofuels such as corn ethanol are having unintended consequences.

“While we support the development of sustainable fuels, we are concerned and hope policymakers will readjust biofuels policies to strike a better balance between the need for affordable food and alternative fuels.

“We believe it is important to take the time to develop the best possible policies to address the world’s need for affordable food, renewable fuels and protection of the environment.”

Under the Energy Independence and Security Act of 2007, the government mandated the production of nine billion gallons of biofuel (in the form of corn ethanol) in 2008 to reach 15 billion gallons by 2015.

It is argued that these mandates, along with tax incentives, are out of proportion and unsustainable.

Rosenfeld, who made her comments in an article for the GMA Centennial Special Issue, said that a quarter of the country’s corn crop is now diverted to ethanol production. As a result the costs of livestock feed and food have risen much more than anticipated.

She said: “At Kraft, we expect our commodity input costs to be up about $1.7bn, or about 12 percent, in 2008.


“That’s much higher than we anticipated at the beginning of the year and greater than the $1.3bn increase we saw in 2007.

“These input costs are already causing higher food prices, with more increases on the way.”

As part of the GMA, Kraft is participating in the Food Before Fuel Coalition. This was created to urge public officials to change policies that have increased reliance on food as an energy source and to develop alternative fuels that do not pit energy needs against affordable food and environmental sustainability.

Other companies and organization that are members of the coalition include Phillips Foods, the American Bakers Association, the Snack Food Association, Pilgrim's Pride and the National Retail Federation.

Oil and corn

A recent study commissioned by the Farm Foundation concluded that biofuel subsidies should not be singled out for blame when it comes to rising corn prices, as the underlying driver is the high cost of oil.

The study called What’s Driving Food Prices, said that the reasons behind rising food prices are complex and involve economic growth, international trade, currency markets, oil prices, government policies and bad weather.

Biofuels have also contributed and the growth in the use of corn for ethanol in the US has been largely responsible for the global increase in demand for the crop over the past four years.

However, the report said that quantitatively, most of the corn price increase is driven by high crude oil prices.

Source: Food-Navigator-US.com
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