Good News from Heinz

Filed under: Earnings Reports, Kellogg Co (K), Kraft Foods'A' (KFT)

Heinz (HNZ) is not just a maker of ketchup. It's also a company that can deliver for its shareholders. Today, the stock isn't up that much; with a little over an hour to go before the market closes its doors for the day, it was higher by about 0.7%, with a price of $44.57, not too far away from the 52-week high of $47.84. Volume, however, is healthy, as is the one-year chart (save for the little rough bit on the right, which anyone would expect to see considering what's been going on in the major indexes as of late).



The company did a cool thing this morning. Besides reporting a nice set of data for its fiscal fourth quarter, management raised the dividend. Music to the ears of those who count this equity as a portfolio member.

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Good News from Heinz originally appeared on BloggingStocks on Thu, 27 May 2010 17:00:00 EST. Please see our terms for use of feeds.

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H. J. Heinz Company - Ketchup - Kraft Foods - BloggingStocks - Good News

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