NEW YORK (
HEINZ H J CO
) hit a new 52-week high Friday as it is currently trading at $54.64, above its previous 52-week high of $54.21 with 138,966 shares traded as of 9:37 a.m. ET. Average volume has been two million shares over the past 30 days.
HEINZ H J CO has a market cap of $17.2 billion and is part of the
industry. Shares are up 8.8% year to date as of the close of trading on Thursday.
H. J. Heinz Company manufactures and markets food products for consumers, foodservice, and institutional customers. The company has a P/E ratio of 18.6, above the average food & beverage industry P/E ratio of 18 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates HEINZ H J CO as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, increase in stock price during the past year and growth in earnings per share. 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
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