Kraft Foods price target cut to Deutsche Bank on the concerns of coffee: packaged foods giant Kraft Foods Inc. (KFT - news - people) (KFT) on Thursday, has seen its price target slightly lowered by analysts of The Deutsche Bank (DB - news - people), citing concerns in the coffee business. The firm maintained its rating on KFT "take", but cut its price target from $ 31 to $ 30. This new target implies a small disadvantage of actions $30,63 Wednesday closing price.
Deutsche Analyst commented, "despite a dividend solid performance and improvement potential portfolio long term Cadbury (CBY - news - people) (snack/apparel, emerging markets), we keep our dock view." Kraft us coffee company seeks problem for us. Meanwhile lever, modest FCF developed competitive markets and integration may lead us to see reasonable evaluation. »
Kraft shares were down 0.1% in trade early Thursday.
The bottom line
We have been recommending Kraft Foods shares since May 5, 2009, when the stock was trading at $24.26. Society has a 3.79% yield dividend, based on last night during closing of $30,63.
Kraft Foods is a "recommended" dividend stock, holds a Dividend.com DARS Rating of 3.5 to 5 stars.
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