Kraft Foods ( KFT) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day up 0.9%. By the end of trading, Kraft Foods rose 40 cents (1%) to $38.76 on average volume. Throughout the day, 8.7 million shares of Kraft Foods exchanged hands as compared to its average daily volume of eight million shares. The stock ranged in a price between $38.51-$38.88 after having opened the day at $38.57 as compared to the previous trading day's close of $38.36. Other companies within the Food & Beverage industry that increased today were: Glg Life Tech ( GLGL), up 9%, Tianli Agritech ( OINK), up 8.8%, Annie's ( BNNY), up 7%, and Gruma S.A.B. de C.V ( GMK), up 5%. Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. Kraft Foods has a market cap of $67.32 billion and is part of the consumer goods sector. The company has a P/E ratio of 19.1, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Kraft Foods a buy, no analysts rate it a sell, and seven rate it a hold. 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.
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