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Dow Today: Kraft Foods (KFT) Lower

By TheStreet Wire 07/23/12 - 12:00 PM EDT

Find out if (KFT) is in Cramer's Portfolio.

The Dow Jones Industrial Average (^DJI) is trading down 133.0 points (-1%) at 12,689 as of Monday, Jul 23, 2012, 11:35 a.m. ET. During this time, 271.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 682.1 million. The NYSE advances/declines ratio sits at 479 issues advancing vs. 2,474 declining with 69 unchanged.

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Holding back the Dow today is Kraft Foods (Nasdaq:KFT), which is lagging the broader Dow index with an 85-cent decline (-2.1%) bringing the stock to $39.31. This single loss is lowering the Dow Jones Industrial Average by 6.43 points or roughly accounting for 4.8% of the Dow's overall loss. Volume for Kraft Foods currently sits at 5.6 million shares traded vs. an average daily trading volume of 9.4 million shares.

Kraft Foods has a market cap of $71.27 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 7.5% year to date as of Friday's close. The stock's dividend yield sits at 2.9%.

Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 20.1, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kraft Foods 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.

For more information on Kraft Foods Inc click any of the following:

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