Kraft Foods Building Organically

Tags: kft
28 Nov 10:52pm
Posted by ZacksResearch
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Kraft Foods Inc. (KFT) completed its Sustainable Growth Plan, which included capacity rationalization, SKU reduction, and cost savings programs; however, the results were unsatisfactory. Therefore, in February 2007, management announced a new turnaround strategy to revitalize the company's growth.

Concurrent with the announcement, the Kraft Foods Board approved a significant $5 billion share repurchase program. The new strategy has generated a significant turnaround in organic revenue growth.

In mid-February 2008, Berkshire Hathaway (BRK.A) disclosed the ownership of a substantial stake in Kraft Foods Inc. The Buy recommendation is maintained with a 6-month target price of $34.00 per share.

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