A Look at Kraft Foods Prior to 2012
Kraft Foods has been around since the early 1900s when James L. Kraft opened a cheese business in Chicago. In the 1920s, Kraft began to expand its product line to include other foods, and by the 1940s, it was a major food producer. In the 1950s, it began to diversify its products further, and in the 1960s, it began to acquire other companies, such as Oscar Mayer and General Foods. By the 1970s, Kraft was one of the largest food companies in the world.
In the 1980s, Kraft began to focus more on its core products, such as cheese, and began to concentrate on brand building. By the 1990s, Kraft Foods had become a major player in the food industry and was the largest packaged-food company in the world. Kraft Foods had become a public company in the early 2000s, and by 2012, had a market capitalization of $46 billion.
Kraft Foods Stock History from 2012 to Present
Kraft Foods stock was trading at around $38 per share in 2012. In 2013, Kraft Foods stock rose to over $50 per share and reached a high of $72.50 in 2014. The stock then fell during the market sell-off of 2015 and 2016, eventually bottoming out at around $38 per share in 2016.
Kraft Foods stock began to recover in 2017 and 2018, rising to over $60 per share in 2018. The stock then rose further in 2019, reaching a high of over $90 per share. However, the stock has since pulled back and is currently trading around $60 per share.
Kraft Foods Stock Performance in 2023
Kraft Foods stock has been relatively stable in 2023, trading in a range of between $55 and $65 per share. The stock has also been relatively resilient during times of market volatility, largely due to its strong dividend yield. As of this writing, Kraft Foods stock is trading at around $60 per share and offering investors a dividend yield of 3.2%.
Kraft Foods Stock Price Outlook
Kraft Foods stock has been relatively stable in recent months and is likely to remain so in the near future. The company has a strong balance sheet, with no long-term debt, and has a strong dividend yield. The company is also expected to continue to benefit from its strong brand portfolio and its ability to innovate and launch new products. As such, Kraft Foods stock is likely to remain a strong long-term investment for investors.
Conclusion
Kraft Foods has a long and storied history in the food industry, and its stock has been a solid long-term investment for many investors. Kraft Foods stock has been relatively stable in 2023, and is likely to remain so in the near future. The company is well-positioned to continue to benefit from its strong brand portfolio and its ability to innovate and launch new products. As such, Kraft Foods stock is likely to remain a strong long-term investment for investors.