Diamond Foods Inc. (DMND): Today's Featured Food & Beverage Loser

Diamond Foods ( DMND) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage loser. The industry as a whole closed the day up 0.8%. By the end of trading, Diamond Foods fell 17 cents (-0.8%) to $21.34 on light volume. Throughout the day, 402,832 shares of Diamond Foods exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $21.32-$21.80 after having opened the day at $21.55 as compared to the previous trading day's close of $21.51. Other company's within the Food & Beverage industry that declined today were: Gruma S.A.B. de C.V ( GMK), down 8.4%, Post Holdings ( POST), down 4.7%, Tianli Agritech ( OINK), down 4%, and SkyPeople Fruit Juice ( SPU), down 2.8%.

Diamond Foods, Inc. engages in processing, marketing, and distributing snack products. Diamond Foods has a market cap of $469.4 million and is part of the consumer goods sector. The company has a P/E ratio of 9.6, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 34.1% year to date as of the close of trading on Wednesday. Currently there is one analyst that rates Diamond Foods a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Diamond Foods as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and poor profit margins.

On the positive front, Castle Brands Incorporated ( ROX), up 17.2%, Imperial Sugar Company ( IPSU), up 14.3%, Coffee Holding Company ( JVA), up 4.6%, and Feihe International ( ADY), up 4.3%, were all gainers within the food & beverage industry with Green Mountain Coffee Roasters ( GMCR) being today's featured food & beverage industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider PowerShares Dynamic Food & Beverage ( PBJ) while those bearish on the food & beverage industry could consider PowerShares DB Agriculture Sht ETN ( ADZ).
null

If you liked this article you might like

How Unilever is Cleaning up Its Portfolio

Strong And Under The Radar Today: Diamond Foods (DMND)

Packaged Food Stocks Year in Review; What to Buy in 2016 -- Plus Jim Cramer Comments

Insider Trading Alert - KFS, DMND And MNR Traded By Insiders

How Will Diamond Foods (DMND) Stock React to Earnings Miss?