The food & beverage industry closed the day up 1%. Reddy Ice Holdings Inc ( FRZ), American Lorain ( ALN), 57th Street General Acquisition ( CRMB), and Imperial Sugar Company ( IPSU) were all winners today within the food & beverage industry with Companhia de Bebidas das Americas Ambev ( ABV) being today's featured food & beverage winner. Companhia de Bebidas das Americas Ambev rose 91 cents (3%) to $31.37 on average volume. Throughout the day, 3.6 million shares of Companhia de Bebidas das Americas Ambev exchanged hands as compared to its average daily volume of 3.7 million shares. Companhia de Bebidas das Americas Ambev engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. It also sells bottled water, isotonics, and ready-to-drink teas. Companhia de Bebidas das Americas Ambev has a market cap of $92.9 billion and is part of the consumer goods sector. The company has a P/E ratio of 103.6, above the average food & beverage industry P/E ratio of 18.4 and above the S&P 500 P/E ratio of 17.7. Shares are down 3.6% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Companhia de Bebidas das Americas Ambev as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
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