Kraft Reaches New 52-Week High (KFT)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Friday as it is currently trading at $39.04, above its previous 52-week high of $39 with 2.8 million shares traded as of 12:50 p.m. ET. Average volume has been eight million shares over the past 30 days.
Kraft has a market cap of $67.67 billion and is part of the
sector and
industry. Shares are up 3.3% year to date as of the close of trading on Thursday.
Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 21, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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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
.
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