Dow Today: Kraft Foods (KFT) Lower

The Dow Jones Industrial Average ( ^DJI) is trading up 113 points (+0.9%) at 13,326 as of Tuesday, May 1, 2012, 11:35 a.m. ET. During this time, 243.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 743.8 million. The NYSE advances/declines ratio sits at 2,381 issues advancing vs. 540 declining with 107 unchanged.

Holding back the Dow today is Kraft Foods (NYSE: KFT), which is lagging the broader index with a four-cent decline to $39.84. Volume for Kraft Foods currently sits at 3.9 million shares traded vs. an average daily trading volume of eight million shares.

Kraft Foods has a market cap of $69.82 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 6.7% year to date as of Monday's close. The stock's dividend yield sits at 2.9%.

Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 19.8, equal to the average food & beverage industry P/E ratio 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.
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