Altria sold off its non-tobacco and international divisions, including Kraft Foods and Philip Morris International, over the last three years.

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The same goes for the previous change in September 2008, when Kraft Foods replaced American International Group days after the insurer was bailed out.

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Then, you can assume that food companies like Kraft Foods Group, Mondelez International and General Mills, as well as the likes of ConAgra and Kellogg, would in turn raise their prices.

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At an industry conference one week after reporting disappointing fourth-quarter results, the chairman and CEO of Mondelez International, formerly Kraft Foods, is defending her new company under a barrage of questions from irritated financial analysts.

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Mondelez International, Inc. was formerly known as Kraft Foods Inc.

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