Sara Lee Rises On Unusually High Volume (SLE)

NEW YORK ( TheStreet) -- Sara Lee Corporation (NYSE: SLE) is trading at unusually high volume Friday with 16.4 million shares changing hands. It is currently at four times its average daily volume and trading up $1.58 (+7.7%) at $21.96 as of 1:55 p.m. ET.

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 7.8% year to date as of the close of trading on Thursday.

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 65.3, above the average food & beverage industry P/E ratio of 50.1 and above the S&P 500 P/E ratio of 17.7.

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.

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