Analyst Research on HJ Heinz Co. and Kraft Foods Inc. - Major Diversified Food Companies Growing and Splitting
June 04 2012 - 8:25AM
Marketwired
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Consumers seemed to have been feeling the effects of the
economic improvements and increasing their spending. However, in
May consumer confidence is reported to have fallen to its lowest
level in four months. Along with high commodity prices, soft demand
in the U.S. appears to have been weighing on companies in the major
diversified food industry; though, many have been successfully
offsetting this trend by growing their interests in fast growing
emerging markets. Register now to have free access to our reports
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HJ Heinz Company recently reported fourth quarter earnings of 81
cents per share, 17.4 percent higher than the same period last
year. The growth was largely driven by top-line growth, with sales
rising 5.6 percent led my emerging markets.
Meanwhile, food giant Kraft Foods Inc. is progressing with its
plans to split into two independent companies, a North American
grocery business and a global snacks company. The split is expected
to be completed before the end of 2012. The company recently
reported that for the global snack business, the name Mondelez
International Inc. has been approved by shareholders. To see how
companies in this industry have grown over the past years and how
they are expected to perform in the future, please visit
www.stockcall.com/.
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