KRAFT HEINZ CO. $75 - Nasdaq symbol KHC

KRAFT HEINZ CO. $75 (www.kraftheinzcompany.com) earned $0.44 a share in the third quarter of 2015, down 4.3% from $0.46 a year earlier. Sales fell 9.0%, to $6.4 billion from $7.0 billion. If you exclude exchange rates and businesses it sold since the July 2015 merger of Kraft Foods Group and H.J. Heinz, sales declined 2.0%. That’s largely due to lower demand for ready-to-drink beverages, cheese and pasta dinners in North America. However, the company feels it can cut $1.5 billion from its annual costs by 2017. That gave it the confidence to increase its dividend by 4.5%. The new annual rate of $2.30 a share yields 3.1%. Hold.

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