KFT Kraft Foods Inc (NYSE:KFT) Maintains the 3rd Highest Dividend Yield in Its Industry

Company Background

Kraft Foods Inc (NYSE:KFT) was incorporated in 2000 and is engaged in manufacturing and marketing of packaged food products around the globe. Based in Northfield, Illinois, the company’s products include biscuits, cookies, crackers, salted snacks, chocolates, gum, candy, coffee, packaged juice drinks, powdered beverages, cheese products, natural and processed cream cheeses, grocery items, pourable dressings, condiments, desserts, convenient meals, packaged dinners and lunch combinations. The company sells its products under the brand names of Oreo, Nabico, LU, Milka, Cadbury, Trident, Jacobs, Maxwell, Philadephia, Kraft and Oscar Mayer.

Industry Analysis

Kraft Foods Inc (NYSE:KFT) is ranked 3rd among 147 diversified food companies by dividend yield. The company maintains the dividend yield of 3.50 percent as compared to highest dividend yield of 4.10 percent in its industry. The company maintains the long term growth rate of 9.78 percent which ranks it 24th among its industry peers.

Financial Analysis

Kraft Foods Inc (NYSE:KFT) generated the total revenue of $13.87 billion for the quarter ended June 30th, 2011 as compared to revenue of $8.67 billion for the same period last year. The company reported the net income of $976 million or earnings of $0.55 per share for the respective quarter as compared to net profit of $937 million or earnings of $0.53 per share last year.

The company’s total assets accumulate up to $99.02 billion out of which fixed assets have the highest proportion. The company’s seems have strong capital structure with long term debt of $$23.42 billion as compared to its total equity of $38.99 billion.

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Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

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