Kraft Reaches New 52-Week High (KFT)

NEW YORK (TheStreet) -- Kraft Foods (Nasdaq:KFT) hit a new 52-week high Thursday as it is currently trading at $40.03, above its previous 52-week high of $40.01 with 3.3 million shares traded as of 11:15 a.m. ET. Average volume has been 9.3 million shares over the past 30 days.

Kraft has a market cap of $70.56 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 6.5% year to date as of the close of trading on Wednesday.

Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 19.9, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Kraft as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Kraft Ratings Report.

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