Kraft Foods Inc (KFT): Today's Featured Food & Beverage Winner
(
) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day up 2.3%. By the end of trading, Kraft Foods Inc rose 57 cents (1.7%) to $34.89 on light volume. Throughout the day, 5.6 million shares of Kraft Foods Inc exchanged hands as compared to its average daily volume of 9.8 million shares. The stock ranged in a price between $34.48-$35.04 after having opened the day at $34.57 as compared to the previous trading day's close of $34.32. Other companies within the Food & Beverage industry that increased today were:
(
), up 13.1%,
(
), up 12.2%,
(
), up 11.5%, and
(
), up 10.7%.
Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. Kraft Foods Inc has a market cap of $61.04 billion and is part of the
sector. The company has a P/E ratio of 18.7, below the average food & beverage industry P/E ratio of 19 and above the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Friday.
TheStreet Ratings rates Kraft 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.
- 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
PowerShares Dynamic Food & Beverage
(
) while those bearish on the food & beverage industry could consider
PowerShares DB Agriculture Sht ETN
(
ADZ
).
- Find other investment ideas from our top rated ETFs lists.
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