HSY, TAP And GIS, 3 Food & Beverage Stocks Pushing The Industry Lower
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 19 points (-0.1%) at 17,641 as of Friday, May 6, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,494 issues advancing vs. 1,386 declining with 173 unchanged.
The Food & Beverage industry currently sits up 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include
(
), down 0.7%, and
(
), down 0.6%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Food & Beverage industry lower today. As of noon trading, Hershey is down $0.93 (-1.0%) to $90.97 on average volume. Thus far, 511,472 shares of Hershey exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $90.21-$91.78 after having opened the day at $91.58 as compared to the previous trading day's close of $91.90.
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The Hershey Company manufactures, imports, markets, distributes, and sells confectionery products. The company operates through two segments, North America, and International and Other. Hershey has a market cap of $19.7 billion and is part of the consumer goods sector. Shares are up 3.0% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Hershey a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Hershey
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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2. As of noon trading,
(
) is down $0.72 (-0.7%) to $97.75 on light volume. Thus far, 248,230 shares of Molson Coors Brewing exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $97.34-$98.53 after having opened the day at $98.41 as compared to the previous trading day's close of $98.47.
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Molson Coors Brewing Company manufactures and sells beer and other beverage products. Molson Coors Brewing has a market cap of $21.1 billion and is part of the consumer goods sector. Shares are up 4.8% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate Molson Coors Brewing a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Molson Coors Brewing
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Molson Coors Brewing Ratings Report
now.
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1. As of noon trading,
(
) is down $0.31 (-0.5%) to $61.77 on light volume. Thus far, 964,130 shares of General Mills exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $61.46-$62.18 after having opened the day at $62.01 as compared to the previous trading day's close of $62.08.
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General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. The company operates in three segments: U.S. General Mills has a market cap of $36.7 billion and is part of the consumer goods sector. Shares are up 7.7% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate General Mills a buy, 2 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
General Mills
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider
PowerShares Dynamic Food & Beverage
(
) while those bearish on the food & beverage industry could consider
PowerShares DB Agriculture Sht ETN
(
ADZ
).
