Portfolio Management
After the closing bell on Thursday, Kraft Foods (KRFT) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.
Inside KRFT’s Results
Net Loss
The company reported a net loss of $398 million, or 68 cents per share, compared to net income of $931 million, or $1.54 per share, a year ago. Excluding special items, EPS was 75 cents, above analysts’ view of 73 cents.
Revenue
Revenue increased to $4.70 billion from $4.60 billion. Analysts expected to see revenue of $4.63 billion.
Management Shakeup
Although the company reported a decent financial report, it also reported that its COO and two other executives would be departing the company. Kraft also noted that it is cautious on cost benefits in the coming quarters. While shares of Kraft may not be rising in the near-term, the stock should be attractive for income-focused investors as it currently has a dividend yield of 3.4%.
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.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VTSMX | Vanguard Total Stock Market Index | 1.69% |
| VWINX | Vanguard Wellesley Income Fund | 1.38% |
| SVAAX | Federated Strategic Value Dividend | 1.09% |
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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