Dow Today: Kraft Foods (KFT) Higher

The Dow Jones Industrial Average ( ^DJI) is trading down 2.0 points at 13,250 as of Friday, Mar 16, 2012, 1:35 p.m. ET. During this time, 749.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,414 issues advancing vs. 1,518 declining with 118 unchanged.

The Dow component leading the way higher looks to be Kraft Foods (NYSE: KFT), which is sporting a nine-cent gain (+0.2%) bringing the stock to $38.39. Volume for Kraft Foods currently sits at 7.6 million shares traded vs. an average daily trading volume of eight million shares.

Kraft Foods has a market cap of $67.67 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 2.5% year to date as of Thursday's close. The stock's dividend yield sits at 3%.

Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 19.2, below the average food & beverage industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kraft Foods as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%