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Dow Today: Kraft Foods (KFT) Leads The Day Higher

By TheStreet Wire 08/03/12 - 10:00 AM EDT

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

The Dow Jones Industrial Average (^DJI) is trading up 181 points (+1.4%) at 13,059 as of Friday, Aug 3, 2012, 9:35 a.m. ET. During this time, 29.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 685 million. The NYSE advances/declines ratio sits at 2,443 issues advancing vs. 269 declining with 104 unchanged.

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The Dow component leading the way higher looks to be Kraft Foods (Nasdaq:KFT), which is sporting a $1.61 gain (+4.1%) bringing the stock to $40.55. This single gain is lifting the Dow Jones Industrial Average by 12.19 points or roughly accounting for 6.7% of the Dow's overall gain. Volume for Kraft Foods currently sits at 1.6 million shares traded vs. an average daily trading volume of 10.2 million shares.

Kraft Foods has a market cap of $69.84 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 5.4% year to date as of Thursday'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 19.7, 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, good cash flow from operations and growth in earnings per share. 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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