NEW YORK (

TheStreet

) --

Sara Lee Corporation

(NYSE:

SLE

) hit a new 52-week high Wednesday as it is currently trading at $20.43, above its previous 52-week high of $20.43 with 2.8 million shares traded as of 11:40 a.m. ET. Average volume has been 4.1 million shares over the past 30 days.

Sara Lee has a market cap of $11.24 billion and is part of the

consumer goods

sector and

food & beverage

industry. Shares are up 6.6% year to date as of the close of trading on Tuesday.

Sara Lee Corporation engages in the manufacture and marketing of a range of branded packaged meat, bakery, and beverage products worldwide. The company has a P/E ratio of 65.2, above the average food & beverage industry P/E ratio of 50.1 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Sara Lee as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Sara Lee Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null