5 Stocks Pushing The Consumer Goods Sector 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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 57 points (-0.4%) at 13,961 as of Wednesday, Feb. 13, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,624 issues advancing vs. 1,238 declining with 155 unchanged.

The Consumer Goods sector currently sits down 0.2% versus the S&P 500, which is unchanged. Top gainers within the sector include Companhia de Bebidas das Americas Ambev (ABV.C), up 1.1%, and Koninklijke Philips Electronics (PHG), up 1.1%. On the negative front, top decliners within the sector include Dean Foods Company (DF), down 8.9%, Panasonic Corporation (PC), down 3.1%, Coca-Cola Hellenic Bottling Company S.A (CCH), down 2.8% and Coca-Cola (KO), down 0.9%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Companhia de Bebidas das Americas Ambev (ABV) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Companhia de Bebidas das Americas Ambev is up $0.32 (0.7%) to $46.64 on light volume Thus far, 525,811 shares of Companhia de Bebidas das Americas Ambev exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $46.13-$46.85 after having opened the day at $46.43 as compared to the previous trading day's close of $46.32.

Companhia de Bebidas das Americas Ambev engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. It also sells bottled water, isotonics, and ready-to-drink teas. Companhia de Bebidas das Americas Ambev has a market cap of $145.3 billion and is part of the food & beverage industry. The company has a P/E ratio of 103.6, above the S&P 500 P/E ratio of 17.7. Shares are up 10.6% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Companhia de Bebidas das Americas Ambev a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Companhia de Bebidas das Americas Ambev as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Companhia de Bebidas das Americas Ambev Ratings Report now.

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