Key Developments: Kraft Foods Group Inc (KRFT.O)

KRFT.O on Nasdaq

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24 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Kraft Foods Group announces increase to quarterly dividend
Tuesday, 7 Oct 2014 04:04pm EDT 

Kraft Foods Group Inc:Approved an increase in the company's quarterly dividend to $0.55 per share of common stock, an increase of about 5 percent versus the prior rate of $0.525 per share.Payable on Oct. 31, to shareholders of record as of Oct. 17.  Full Article

Kraft Foods Group Inc voluntarily recalls select varieties of regular Kraft American singles pasteurized prepared cheese product
Friday, 29 Aug 2014 01:00pm EDT 

Kraft Foods Group Inc:Voluntarily recalling 7,691 cases of select varieties of regular Kraft American Singles Pasteurized Prepared Cheese Product.Supplier did not store ingredient used in this product in accordance with Kraft's temperature standards.While unlikely, this could create conditions that could lead to premature spoilage and/or food borne illness therefore, company is issuing recall as precaution.Kraft has had no consumer illness complaints for this product associated with this recall.Affected product is limited to four varieties with Best When Used By dates of Feb. 20, 2015, and Feb. 21, 2015.Affected product was shipped to customers across United States.  Full Article

Kraft Foods Group Inc declares regular quarterly dividend
Monday, 23 Jun 2014 04:59pm EDT 

Kraft Foods Group Inc:Declares regular quarterly dividend of $0.525 per share of common stock, payable on July 25, 2014, to shareholders of record on July 11, 2014.  Full Article

Kraft Foods Group Inc declares regular quarterly dividend of $0.525 per share
Monday, 3 Mar 2014 05:00pm EST 

Kraft Foods Group Inc:Declares a regular quarterly dividend of $0.525 per share of common stock, payable on April 25, 2014, to shareholders of record on April 11, 2014.  Full Article

Kraft Foods Group Inc announces executive transition
Thursday, 13 Feb 2014 04:15pm EST 

Kraft Foods Group Inc:Says its Board of Directors approved the transition of Executive Chairman John Cahill to Non-Executive Chairman of Kraft's Board of Directors on Mar. 8.  Full Article

Kraft Foods Group Inc announces stock repurchase program and declares regular quarterly dividend
Tuesday, 17 Dec 2013 09:05pm EST 

Kraft Foods Group Inc:Declares regular quarterly dividend of $0.525 per share of common stock, payable on Jan. 17, 2014, to shareholders of record on Dec. 27, 2013.Says the Board also authorized a $3 bln stock repurchase program.  Full Article

Arbitrator Says Starbucks Corp Must Pay Kraft Foods Group Inc In Grocery Fight - Reuters
Tuesday, 12 Nov 2013 04:48pm EST 

Reuters reported that Starbucks Corp said on November 12, 2013 an arbitrator has concluded that it must pay Kraft Foods Group Inc $2.23 billion in damages plus $527 million in prejudgment interest and attorneys fees after the coffee chain's early termination of the companies' grocery deal. Kraft began selling bags of Starbucks coffee in grocery stores beginning in September 1998. Starbucks prematurely ended the contract in March 2011 and gave the business to privately held Acosta Inc. Starbucks accused Kraft of multiple material breaches of contract, including mismanaging the brand. Kraft denied any breach and said that if Starbucks wanted out, it must pay Kraft fair value for the business, which brought in $500 million a year in revenue. The deal's initial term was set to expire in March 2014. The agreement was to renew automatically for successive 10-year terms unless sooner terminated per the agreement.  Full Article

Kraft Foods Group Inc Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Wednesday, 30 Oct 2013 04:00pm EDT 

Kraft Foods Group Inc updated its fiscal 2013 guidance and expects organic net revenue growth, consistent with previous guidance, to be in line with or slightly lower than the growth of the North American food and beverage market and earnings per share (EPS) of approximately $3.58 versus approximately $3.40 previously, reflecting the additional $0.18 benefit from market-based impacts to post-employment benefit plans. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.80 for fiscal 2013.  Full Article

Kraft Foods Group Inc Voluntarily Recalls Some Varieties Of Kraft and Polly-O String Cheese And String Cheese Twists Due To Premature Spoilage
Friday, 25 Oct 2013 05:56pm EDT 

Kraft Foods Group Inc announced that it voluntarily recalling some varieties of Kraft and Polly-O String Cheese and String Cheese Twists products. These products may spoil before their Best When Used By code dates, leading to product discoloration. The affected products all have code dates from October 25, 2013 through February 11, 2014. Approximately 735,000 cases of the affected product were shipped to customers across the United States. The affected product was not distributed in Canada. Consumers can find the Best When Used By date on the back of multi-count packages toward the bottom. For string cheese products labeled for individual sale, the Best When Used By date is on the bottom front of the package. No other Kraft or Polly-O String Cheese or String Cheese Twists products -- or any other Kraft Foods or Polly-O products -- are being recalled. Kraft is conducting this recall after receiving several reports from consumers of premature spoilage of some of the string cheese products listed above. Kraft has ceased the production and distribution of the affected products from the relevant facility as the Company continues its investigation to resolve the problem. The affected product was produced in Campbell, NY.  Full Article

Kraft Foods Group Inc Approves Regular Quarterly Dividend
Tuesday, 1 Oct 2013 06:45pm EDT 

Kraft Foods Group Inc announced that its Board of Directors approved a regular quarterly dividend of $0.525 per share of common stock, an increase of 5% versus the prior rate of $0.50 per share. This dividend is payable on October 25, 2013 to shareholders of record as of October 11, 2013.  Full Article

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Kraft issues voluntary recall of some American Singles cheese product

NEW YORK - Kraft Foods Group Inc said on Friday it is voluntarily recalling 7,691 cases of some varieties of its Kraft American Singles as a precautionary measure after a supplier failed to store an ingredient correctly.

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