I'm probably different then most investors here as I am pretty much only focused on dividend income to live off of in retirement. At 3.8% its already a nice dividend. With the addition of Cadbury, Kraft now will be able to grow internationally faster and easier which is where the growth is now.
According to Value Line Kft should generate a two year cash flow around $9.95 billion - 2010 and 2011. Kft should generate $2.70 per share in cash flow for 2010 - if paid out as a dividend it would yield 9%. Kft it holding the $30 level during the recent market correction. I think it will be around $34 to $35 by the end of the year.