Dow Today: Kraft Foods (KFT) Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average (^DJI) is trading down 23.0 points (-0.2%) at 13,554 as of Thursday, Sep 20, 2012, 10:40 a.m. ET. During this time, 140.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 579.5 million. The NYSE advances/declines ratio sits at 703 issues advancing vs. 2,106 declining with 123 unchanged.

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The Dow component leading the way higher looks to be Kraft Foods (Nasdaq:KFT), which is sporting a 47-cent gain (+1.1%) bringing the stock to $41.31. Volume for Kraft Foods currently sits at 6.6 million shares traded vs. an average daily trading volume of 12.1 million shares.

Kraft Foods has a market cap of $71.74 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 8.2% year to date as of Wednesday'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, above the average food & beverage industry P/E ratio of 19.9 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 growth in earnings per share, increase in net income, reasonable valuation levels, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

• You can view the full Kraft Ratings Report.

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