NEW YORK ( TheStreet) -- Sara Lee ( SLE) and Wynn Resorts ( WYNN) were among the best-performing stocks in the S&P 500 on Friday. The S&P 500 fell 4.23 points, or 0.31%, on Friday to close at 1,369.86.
Shares of Sara Lee rose 7.06% on Friday to $21.83. The food products company said Friday that it expects its coffee and tea division to be spun out by the end of this June. The company will pay a $3 a share dividend in this spinoff. Shares of Sara Lee hit a 52-week high Friday of $22.04. The stock's 52-week low of $15.66 was set on Oct. 4. Sara Lee shares were trading at almost six times the stock's average daily trading volume of 4.74 million on Friday. Sara Lee has an estimated price-to-earnings ratio for next year of 20.14X; the average for food products companies is 13.37X. For comparison, both General Mills ( GIS) and Kellogg ( K) have lower forward P/Es of 13.73X and 13.8X, respectively. Seven of the 14 analysts who cover Sara Lee rate it a buy. Six analysts give the stock a hold rating and one rates it at sell. TheStreet Ratings gives Sara Lee a B grade with a buy rating and $24.92 price target. The stock has risen 15.38% year to date.