3 Stocks Pushing The Food & Beverage Industry Lower
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 modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 27 points (-0.2%) at 12,904 as of Thursday, Nov. 8, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,218 issues advancing vs. 1,656 declining with 135 unchanged.The Food & Beverage industry currently sits down 0.3% versus the S&P 500, which is down 0.2%.TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:3. Coca-Cola Femsa S.A.B. de C.V (KOF) is one of the companies pushing the Food & Beverage industry lower today. As of noon trading, Coca-Cola Femsa S.A.B. de C.V is down $1.47 (-1.2%) to $123.93 on light volume Thus far, 30,554 shares of Coca-Cola Femsa S.A.B. de C.V exchanged hands as compared to its average daily volume of 93,000 shares. The stock has ranged in price between $123.65-$125.98 after having opened the day at $125.64 as compared to the previous trading day's close of $125.40. Coca Cola FEMSA, S.A.B. de C.V., a franchise bottler, produces, markets, and distributes Coca-Cola trademark beverages. Coca-Cola Femsa S.A.B. de C.V has a market cap of $24.4 billion and is part of the consumer goods sector. The company has a P/E ratio of 32.0, above the S&P 500 P/E ratio of 17.7. Shares are up 34.4% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Coca-Cola Femsa S.A.B. de C.V a buy, 1 analyst rates it a sell, and 7 rate it a hold.TheStreet Ratings rates Coca-Cola Femsa S.A.B. de C.V as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Coca-Cola Femsa S.A.B. de C.V Ratings Report now.
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