Nevertheless, projected consensus earnings per share growth is 13.8% and 11.7% for fiscal years 2011 and 2012, so despite wholesale price increases, this very large company continues to grow at an attractive rate. Kraft’s dividend is $1.16 per share and yields 3.71%. The PE is 13.5 based on 2011 eps, and the beta is 0.7.
Kraft stock is recovering from the financial meltdown, and otherwise has been in a trading pattern for the past decade. It rises to $36, then bounces back down. If I buy it today and sell it at $35.50, I move my portfolio value up. Kraft is not an exciting stock, but I don’t look for excitement. I look for ways to consistently make 10-25% in a few months.
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