Sara Lee Reaches New 52-Week High (SLE)

NEW YORK (TheStreet) -- Sara Lee Corporation (NYSE:SLE) hit a new 52-week high Thursday as it is currently trading at $22.05, above its previous 52-week high of $22.04 with 3.8 million shares traded as of 2:20 p.m. ET. Average volume has been 6.6 million shares over the past 30 days.

Sara Lee has a market cap of $12.84 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 15.6% year to date as of the close of trading on Wednesday.

Sara Lee Corporation engages in the manufacture and marketing of a range of branded packaged meat, bakery, and beverage products worldwide. The company has a P/E ratio of 70, below the average food & beverage industry P/E ratio of 83.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Sara Lee as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Sara Lee Ratings Report.

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