NEW YORK ( TheStreet) -- Kraft Foods (NYSE: KFT) hit a new 52-week high Monday as it is currently trading at $39.70, above its previous 52-week high of $39.54 with 1.4 million shares traded as of 10:05 a.m. ET. Average volume has been eight million shares over the past 30 days. Kraft has a market cap of $69.11 billion and is part of the consumer goods sector and food & beverage industry. Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide.
TheStreet Ratings rates Kraft 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. You can view the full Kraft Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.