NEW YORK (

TheStreet

) --

Smithfield Foods

(NYSE:

SFD

) hit a new 52-week high Monday as it traded at $23.36 compared with its previous 52-Week high of $23.34. Smithfield is changing hands at $23.34 with 235,435 shares traded as of 10:02 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Smithfield has a market cap of $3.7 billion and is part of the

consumer goods

sector and

food & beverage

industry. Shares are up 11% year to date as of the close of trading on Friday.

Smithfield Foods, Inc., together with its subsidiaries, engages in the production and marketing of fresh meat and packaged meat products in the United States and internationally. It involves in the production of hog, processing of meat, production of turkey, and live cattle operations. The company has a P/E ratio of 14, below the average food & beverage industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Smithfield as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full

Smithfield Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null