Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Kraft Foods Inc    KFT

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Kraft cuts Maxwell House coffee prices in U.S.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/18/2012 | 09:06pm CEST

Kraft Foods (>> Kraft Foods Inc) said on Friday it lowered prices on many of its U.S. coffees, including its flagship brand Maxwell House, citing lower green coffee costs since prices peaked last year, making it the second major U.S. roaster to lower its coffee prices this week.

Kraft Foods (>> Kraft Foods Inc) said on Friday it lowered prices on many of its U.S. coffees, including its flagship brand Maxwell House, citing lower green coffee costs since prices peaked last year, making it the second major U.S. roaster to lower its coffee prices this week.

The move comes three days after J.M. Smucker Co. (>> The J.M. Smucker Company) cut the cost of well-known brands Folgers and Dunkin' Donuts by an average of 6 percent. It is the second cut to coffee prices since August 2011 for both companies.

"These changes reflect sustained decreases in the cost of green coffee," Kraft spokeswoman Bridget MacConnell told Reuters in an email.

The price cuts follow several consecutive price hikes due to a prolonged rally that lifted ICE arabica coffee futures to a 34-year high above $3 per lb in May 2011. Prices have since dropped more than 40 percent and are near a 20-month low.

Effective immediately, Kraft reduced prices on Maxwell House and Yuban roast and ground coffee brands by about 6 percent, and Gevalia roast and ground sold in retail outlets by approximately 10 percent, MacConnell said.

Non-flavored instant coffees, excluding those sold under the Maxwell House International trademark, are reduced by about 4 percent, she said.

Instant coffee is traditionally processed from robusta coffee beans. Robusta futures trading on LIFFE are currently down about 16 percent from their three-year high reached in March 2011. Recently, however, the market has soared on concerns about tight supplies, climbing about 12 percent in the past two weeks to tap an 8-1/2-month high at $2,235 per metric ton (1.1023 tons) on Friday.

(Reporting By Marcy Nicholson; Editing by Bernard Orr)

Stocks treated in this article : Kraft Foods Inc, The J.M. Smucker Company
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KRAFT FOODS INC
05:49pDJHershey Posts Revenue Gain as It Swings to Profit--Update
03:05pDJHershey Posts Revenue Gain as It Swings to Profit
02:37pDJHershey Posts Revenue Gain as It Swings to Profit
07/27DJMONDELEZ : Reports Higher Profit, Plans to Expand in China -- Update
07/27DJMARKET SNAPSHOT : Stocks Turn Lower As Fed Statement Looms
07/27DJMondelez Reports Higher Profit, Plans to Expand in China
07/27DJMONDELEZ : Reports Higher Profit, Plans to Expand in China
07/27 Mondelez International Reports Q2 Results
07/27 MONDELEZ : Takes a Bite of China's Tasty Chocolate Market
07/27 Mondelez International Takes a Bite of China’s Tasty Chocolate Market
More news
Sector news : Food Processing - NEC
07:10pDJMARKET SNAPSHOT : Stocks Fall As Telecom Sells Off, Oil Tumbles
05:49pDJHershey Posts Revenue Gain as It Swings to Profit--Update
05:38pDJMARKET SNAPSHOT : Stocks Fall As Oil Tumbles, Earnings Disappoint
03:36pDJBUNGE : Profit Climbs, Helped by Hedging Gains
03:28pDJU.S. HOT STOCKS : Hot Stocks to Watch
More sector news : Food Processing - NEC
Advertisement
Financials ($)
Sales 2016 26 451 M
EBIT 2016 4 136 M
Net income 2016 2 642 M
Debt 2016 15 351 M
Yield 2016 1,56%
P/E ratio 2016 26,57
P/E ratio 2017 21,62
EV / Sales 2016 3,16x
EV / Sales 2017 3,09x
Capitalization 68 198 M
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 49,4 $
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Irene B. Rosenfeld Chairman & Chief Executive Officer
Brian T. Gladden Chief Financial Officer & Executive Vice President
Robin S. Hargrove Executive VP-Research, Development & Quality
Mark D. Ketchum Lead Independent Director
Lois D. Juliber Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
KRAFT FOODS INC68 198
NESTLE SA4.83%246 098
KRAFT HEINZ CO17.69%104 122
MONDELEZ INTERNATIONAL..-2.01%68 198
DANONE5.01%47 693
GENERAL MILLS, INC.22.36%42 120
More Results