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Anyone Else Own Kraft ?
Old 04-15-2015, 12:46 AM   #1
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Anyone Else Own Kraft ?

I have 388 shares & was shocked when I saw it up over 20$ the day of the buyout by Heinz, Buffett & 3G was announced.

I never dreamed they would be bought.

I've decided to 'let it ride' even though many people say it's overpriced now.

How about you ?
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Old 04-15-2015, 07:15 AM   #2
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I own it. 250 shares and was happy to see it bought by Heinz. I've owned it for several years and am not selling as it is part of my "consumer staples" bucket.
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Old 04-15-2015, 07:42 AM   #3
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I think all the upside in the stock has been realized. No one else is coming along and trying to bid it up. I was happy with the jump and since mine was all LTCG cashed out and moved on.
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Old 04-15-2015, 08:12 AM   #4
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I was wondering what would happen to the dividend. I have 100 shares which based on my buy price is earning me 4.3% dividend, for a consumer product thats a decent return, so I would be ok if they didn't grow significantly if the dividend stayed. Any thoughts?
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Old 04-15-2015, 11:37 AM   #5
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I have KRFT as well although not as much as the rest of you. This caught my eye when I heard of the news:

Heinz and 3G initially said it would make $10 billion equity investment in Heinz and give Kraft shareholders a special dividend of $12.50 per share and a 47% stake in the combined company. Two offers later, Heinz and 3G kept the $10 equity investment the same but upped the special dividend to $16.50 per share and ultimately gave Kraft shareholders a 49% stake in the combined company.
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Old 04-15-2015, 12:37 PM   #6
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I own KRFT. I sold about 1/3 of my position to lock in some of the recent gain, and kept the rest.
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Old 04-15-2015, 05:09 PM   #7
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Originally Posted by karen1972 View Post
I was wondering what would happen to the dividend. I have 100 shares which based on my buy price is earning me 4.3% dividend, for a consumer product thats a decent return, so I would be ok if they didn't grow significantly if the dividend stayed. Any thoughts?
Pretty sure the Kraft dividend stays
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Old 07-07-2015, 11:07 AM   #8
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Given the market being down this week, it sure was nice to get that hefty dividend today.
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Old 07-07-2015, 04:08 PM   #9
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Kraft is a key part of my ER plan. I have 4 boxes of Mac & Cheez on the shelf now. It becomes a diet staple if portfolio returns are low in the future. Worst case after 5 down years--we switch to Kroger brand.
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Old 07-07-2015, 04:49 PM   #10
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Hey, yay for you guys that own Kraft. Never owned it but I love when our stocks hit a home run. Go Stock Market Go!!
God, Samclem, don't eat that boxed stuff. I'll send you real mac and cheese.
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Old 07-07-2015, 05:41 PM   #11
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Hey, yay for you guys that own Kraft. Never owned it but I love when our stocks hit a home run. Go Stock Market Go!!
God, Samclem, don't eat that boxed stuff. I'll send you real mac and cheese.
Thanks!
For the time being at least, I'm very happy I held.
The day before the buyout was announced, my 388 shares were worth approximatly $24,000.00
@ the close today (adding the $16.50 dividend, which I took in cash) it's $35,363.00

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Old 07-07-2015, 05:45 PM   #12
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Given the market being down this week, it sure was nice to get that hefty dividend today.
I Agree
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Old 07-08-2015, 04:47 AM   #13
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I was looking at my accounts today and one of my IRA's balance jumped about $17,000. It took a few minutes to remember that it was merger Kraft Heinz day.

. I only bought the stock in Feb 2013 for its reliable and growing dividend. I certainly didn't expect to see 150% gain in just over 2 years. Thanks Warren and company
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Old 07-11-2015, 10:11 AM   #14
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I had a few shares, and I checked and got the $16.50 dividend /share, so that is great !

I was also charged $20 for reorganization fee, were other folks charged this fee ?
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Old 07-11-2015, 10:32 AM   #15
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Sunset I didn't see any fee on mine at least not line itemed. Wonder if where you held it treated it like a stock trade..if so mine would only cost $3 so I may not have noticed in the noise.
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Old 07-11-2015, 11:53 AM   #16
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I had a few shares, and I checked and got the $16.50 dividend /share, so that is great !

I was also charged $20 for reorganization fee, were other folks charged this fee ?
I'm with ameritrade and got charged $38 fee and I have just a few shares! Like the one time $16.50 div however!!
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Old 07-11-2015, 04:25 PM   #17
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I'm with Scottrade and I phoned them to ask, they said its standard $20 on company reorg, and $25 on voluntary company reorg.

First time I've ever seen it, but it is not a share purchase charge as that would have been $7.99 each way.

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Old 07-12-2015, 01:07 PM   #18
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I had a few shares, and I checked and got the $16.50 dividend /share, so that is great !

I was also charged $20 for reorganization fee, were other folks charged this fee ?
I hold my shares @ Fidelity & wasn't charged any fee.
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Old 07-12-2015, 01:19 PM   #19
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Reorgs cost more because the shares need to be sent back to the Transfer Agent and the new shares/money needs to be sent back.
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Old 07-12-2015, 02:27 PM   #20
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A reorg fee really. What do they have a team of guys that cross out the name on the stock certificates and write Kraft Heinz now. Geez doesn't a computer do this automatically.

No fee from Schwab, in fact I don't think I've ever seen one in the numerous mergers and acquisitions that I've experience in the 30+ years of having an account with them.
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