The food & beverage industry closed the day down 1%. Pilgrims Pride ( PPC), Glg Life Tech ( GLGL), China Marine Food Group ( CMFO), and Treehouse Foods Inc ( THS) were all winners today within the food & beverage industry with Kraft Foods Inc ( KFT) being today's featured food & beverage winner. Kraft Foods Inc rose 21 cents (0.6%) to $35.06 on light volume. Throughout the day, 8.1 million shares of Kraft Foods Inc exchanged hands as compared to its average daily volume of 12.7 million shares. Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. Kraft Foods Inc has a market cap of $62.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 20.1, below the average food & beverage industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 11.8% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Kraft as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
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