Dow Jones Industrial Average
) is trading down 38 points (-0.3%) at 12,927 as of Wednesday, Feb 22, 2012, 12:35 p.m. ET. During this time, 348.1 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 1,053 issues advancing vs. 1,870 declining with 133 unchanged.
Holding back the Dow today is
), which is lagging the broader Dow index with a 52-cent decline (-1.4%) bringing the stock to $38.05. This single loss is lowering the Dow Jones Industrial Average by 3.94 points or roughly accounting for 10.4% of the Dow's overall loss. Volume for Kraft Foods currently sits at 6.1 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
industry. Shares are up 3.2% year to date as of Tuesday'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.