) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage loser. The industry as a whole closed the day down 1.5%. By the end of trading, Kraft Foods fell 28 cents (-0.8%) to $36.21 on light volume. Throughout the day, 6.8 million shares of Kraft Foods exchanged hands as compared to its average daily volume of 9.1 million shares. The stock ranged in price between $36.14-$36.80 after having opened the day at $36.64 as compared to the previous trading day's close of $36.49. Other company's within the Food & Beverage industry that declined today were:
), down 25.1%,
Glg Life Tech
), down 10.8%,
), down 9.3%, and
), down 6.8%.
Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. Kraft Foods has a market cap of $64.42 billion and is part of the
sector. The company has a P/E ratio of 19.9, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Kraft Foods a buy, no analysts rate it a sell, and seven rate it a hold.
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.
On the positive front,
), up 18.8%,
), up 8%,
), up 5.1%, and
), up 4%, were all gainers within the food & beverage industry with
) being today's featured food & beverage industry winner.
- Use our food & beverage section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider
) while those bearish on the food & beverage industry could consider
PowerShares DB Agriculture Sht ETN
- Find other investment ideas from our top rated ETFs lists.