Kraft Foods joins S.&P. indices
March 23, 2007
by Josh Sosland
NORTHFIELD, ILL. — Standard & Poor’s will add Kraft Foods Inc. to the S.&P.500 and S.&P.100 indices on March 30. S.&P. said the addition will nearly coincide with the spin-off by Altria, Inc. of its majority ownership of Kraft. Kraft, the largest U.S.-based food manufacturer, will be added to the Packaged Foods and Meats sub-industry index of the S.&P.500. Replaced by Kraft in the S.&P.100 was Eastman Kodak Co., which was the smallest company in the index as measured by its $6.8 billion market capitalization (versus $52.6 billion for Kraft). Replaced by Kraft in the S.&P.500 was Sabre Holdings Corp.