How do I enter the spinoff of Kraft Foods Group from Kraft Foods, Inc.?

Kraft Foods, Inc. split the company into Kraft Foods, Inc. and Kraft Foods Group.
Kraft Foods, Inc. then changed its name to Mondelez International and is considered the parent company.
The information on this FAQ page is based on company filings near the time of the transaction. For more information, please contact the company's investor relations department.


This action is a standard spinoff transaction in the accounting software followed by a name change for the parent company. The information below is based on the information available from the cost basis allocation information on Mondelez International web site.

The Spinoff Entry
Go toTransactions > Spinoff-or-Accounting > Securities > Record spinoff of securitiesdepending on the version of the software being used. If you are unfamiliar with spinoff transactions you can get help at this url:

Here is the information you need to complete the spinoff.

Date: 10/1/2012
Select Parent Security(or Parent Company) : Kraft Foods, Inc. (KFT)
Remaining Basis Percentage: 64.91
Cash received: See your broker statement for cash-in-lieu received
Spinoff Security(or Symbol of New Company) : Kraft Foods Group (KRFT)
Shares received: .3333 x (#of KFT shares owned) (Remember to include fractional shares.)
For example, if you owned 100 KFT shares, you should receive .3333 x 100 = 33.33 KRFT shares.
Price Per Share: 44.10 (closing price on 10/1/2012)
Save the transaction and the spinoff has been entered.

After the spinoff is recorded open the security profile of Kraft Foods, Inc. Change the name to Mondelez International and the ticker symbol to MDLZ

In Club Accounting 3:

  • Click the SECURITIES heading on the left hand side of the page
  • Find the stock in the list, and double-click it.
  • Change the name or ticker symbol as needed, and click OK

In Club Accounting Online (

  • When signed in to, click the ACCOUNTING tab near the top of the page.
  • Click the SECURITIES heading on the left hand side of the page.
  • Click either SECURITY SETTINGS on the left hand side of the page, or UPDATE SECURITY SETTINGS near the top of the page.
  • On the security Settings page, click the EDIT link next to the stock you would like to change.
  • On the following page, you can change the Company name, Symbol and other information.
  • Note that there is a box titled Symbol, and a box titled Quote Symbol near the bottom of the page. If you would like the ticker to display a short name on the main accounting page, enter the short name in the Symbol box, and the true ticker symbol in the Quote Symbol box. If not, enter the same ticker symbol in both boxes.
  • Click the SUBMIT button near the bottom right-hand corner of the page to save any changes.