Investor's Update: Kraft Foods Group, Inc. (NASDAQ:KRFT)

[MotleyFool] Kraft Foods Group, Inc. (NASDAQ:KRFT) has a long history of paying dividends to shareholders. This shouldn't be much of a surprise, because many consumer products companies are highly valued for their stable distributions. Kraft operates in packaged foods, an industry that lends itself well to reliable dividend payments to investors. After all, everyone needs to eat, and Kraft holds a diversified portfolio made up of dozens of brands, many of which could likely be found in virtually every household across America.Stock PerformanceTaking a look at the company’s recent performance, Kraft Foods Group, Inc. reported Second quarter earnings for fiscal 2014 on July 15^th. The company reported actual earnings per share of $0.80 against the consensus Street estimate of $0.83. This represents year over year growth of 16.25%. Kraft Foods Group, Inc. posted revenue of $4.75 billion against estimates of $4.86 billion.Kraft Foods Group, Inc. is currently valued at $33.76 billion and closed the last trading session at $56.83. The stock has a 50-day moving average of $57.44 and a 200-day moving average of $57.67.

Is this a Buying Opportunity?There are currently seven analysts that we track that cover the stock. Of those seven, three have a Buy rating, three have a hold rating and one has a sell rating. On a consensus basis this yields a score of 2.29 and a Hold. The combined price objective of these covering analysts is $60.57, which represents a 7.58% upside difference to the last closing price.The most recent analyst activity consisted of ZacksReiterating their neutral stance on the company. Zacks has a price target of $61.00 which represents an upside of 6.42% from the last closing price. On the date of the report, the stock closed at $57.32.Another research firm weighing in recently was JPMorgan Chase & Co. who boosted price target rating on the stock. On September 23^rd JPMorgan Chase & Co. upgrade their price target on the stock from $ 57.00 to $62.00, or a 6.51% upside to the current price. On the day of the report, KRFT shares closed at $58.21.Company ProfileKraft Foods Group, Inc. operates as a consumer packaged food and beverage company in North America and worldwide. It operates through Beverages, Cheese, Refrigerated Meals, Meals & Desserts, Enhancers & Snack Nuts, Canada, and Other Businesses segments. The company manufactures and markets refreshment beverages, liquid concentrates, packaged juice drinks, powdered beverages, coffee products, and hot beverage systems; processed cheese products; refrigerated meals, such as cold cuts, hot dogs, and bacons, as well as lunch combinations, soy-based meat alternatives, and pickles; and macaroni and cheese dinners, nuts, trail mixes and peanut butter, dry packaged desserts, and refrigerated gelatin and pudding snacks. It also offers whipped toppings, marshmallows, chocolate and baking ingredients, salad dressings, sauces, mustards, bake coatings, stuffing mixes, meal kits, and shells and cheese dinners.