The

Dow Jones Industrial Average

(

^DJI

) is trading down 61 points (-0.5%) at 12,042 as of Wednesday, Dec 21, 2011, 1:05 p.m. ET. During this time, 382.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 883.7 million. The NYSE advances/declines ratio sits at 1,188 issues advancing vs. 1,747 declining with 111 unchanged.

The Dow component leading the way higher looks to be

Kraft Foods

(NYSE:

KFT

), which is sporting a 38-cent gain (+1%) bringing the stock to $37.30. Volume for Kraft Foods currently sits at 6.2 million shares traded vs. an average daily trading volume of nine million shares.

Kraft Foods has a market cap of $63.99 billion and is part of the

consumer goods

sector and

food & beverage

industry. Shares are up 17.1% year to date as of Tuesday's close. The stock's dividend yield sits at 3.2%.

Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 19.8, below 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 solid stock price performance, increase in net income, revenue growth, impressive record of earnings per share growth 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.

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