Dow Today: Kraft Foods (KFT) Higher
The
Dow Jones Industrial Average
(
^DJI
) is trading up 37 points (+0.3%) at 12,986 as of Tuesday, Feb 21, 2012, 10:35 a.m. ET. During this time, 190 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,845 issues advancing vs. 1,009 declining with 131 unchanged.
The Dow component leading the way higher looks to be
(NYSE:
), which is sporting a 39-cent gain (+1%) bringing the stock to $38.40. This single gain is lifting the Dow Jones Industrial Average by 2.95 points or roughly accounting for 8% of the Dow's overall gain. Volume for Kraft Foods currently sits at 3.5 million shares traded vs. an average daily trading volume of eight million shares.
Kraft Foods has a market cap of $67.67 billion and is part of the
sector and
industry. Shares are up 1.7% year to date as of Friday's close. The stock's dividend yield sits at 3.1%.
Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 20.8, below the average food & beverage industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Kraft Foods as a
. 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.
- You can view the full Kraft Ratings Report.
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