After the closing bell on Tuesday, Kraft Foods (KRFT) released its Q1 results. Here’s what the results mean for mutual fund investors.
Inside KRFT's Results
The company reported earnings of $429 million, or 72 cents per share, down from $513 million, or 85 cents per share, last year. On average, analysts expected to see EPS of 81 cents.
Sales for the quarter totaled $4.35 billion from $4.36 billion. On average, analysts expected to see revenue of $4.43 billion.
The Packaged Foods Company Struggle
Like its competitors, Kraft has struggled to maintain sales as consumers are now seeking healthier options. The company recently announced that it plans to remove dye from its iconic mac & cheese.
In the second half of 2015, Kraft will close its deal to merge with H.J. Heinz, making it the third largest packaged food company in North America.
Mutual Funds to Watch
Investors interested in KRFT may be interested in the funds listed below. These funds currently have the largest stakes in the company.
The Bottom Line
The funds listed above allow investors to gain exposure to KRFT while remaining diversified. Investors interested in KRFT may also be interested in General Mills (GIS) or JM Smucker (SJM).
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