Kraft set for growth – Barron’s

NEW YORK, May 16 (BestGrowthStock) – Kraft Food Inc’s (KFT.N: )
recent acquisition of British confectioner Cadbury could
jumpstart growth and boost its stock price, Barron’s reported
in its May 17th edition.

Kraft’s stock trade at around $30, about where it was in
2001. The stock’s price could rise to $45 in two years,
hedge-fund manager William Ackman of Pershing Square Capital
Management told Barron’s.

The $19 billion acquisition has given Kraft access to new
markets and high-margin products, such as candy and gum.

The company currently trades at about 13 times 2011
estimated earnings, below that of rivals such as Hershey
(HSY.N: ) and General Mills (GIS.N: ), said Barron’s.

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(Reporting by Helen Kearney; Editing by Jan Paschal)

Kraft set for growth – Barron’s