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Weakness Seen in Kraft Foods (KRFT): Stock Falls 6.4%
August 01, 2014

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Kraft Foods Group, Inc. saw a big move in the last trading session, as the company’s shares fell over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for KRFT, as the stock is now down over 10% in the past one-month time frame.

The consumer packaged food and beverage company has seen 1 negative estimate revision over the past month compared to none higher, though the current year earnings consensus hasn’t been in a trend. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

KRFT currently has a Zacks Rank #3 (Hold).

Investors interested in the Miscellaneous/Diversified Food industry may consider better-ranked stocks like SUPERVALU Inc. (SVU - Free Report) , J&J Snack Foods Corp. (JJSF - Free Report) and Swisher Hygiene Inc. , each of which holds a Zacks Rank #2 (Buy).

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