Kraft Foods Group Inc (NASDAQ:KRFT) saw an insider lower his position in the company through a transaction filed today. The Executive Vice President and President of Beverages Dino J. Bianco disposed of 1,038 shares of common stock at an average price of $55.9 per share. Following this move, Bianco holds a total of 30,396 shares directly.
A $33.13 billion market cap company, Kraft Foods Group Inc (NASDAQ:KRFT) operates food and beverage businesses in North America. The Company manufactures and markets food and beverage products, including convenient meals, refreshment beverages and coffee, cheese and other grocery products, in the United States and Canada, under a stable of iconic brands.
In addition, among the institutional investors involved in the company is billionaire D.E. Shaw‘s D E Shaw fund. After lowering its holdings by 19% last quarter, the fund now holds about 1.3 million shares worth nearly $77 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.