NEW YORK ( TheStreet) -- HJ Heinz Company (NYSE: HNZ) hit a new 52-week high Friday as it is currently trading at $55.01, above its previous 52-week high of $55 with 990,455 shares traded as of 1:35 p.m. ET. Average volume has been 2.1 million shares over the past 30 days.

HJ Heinz has a market cap of $17.25 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 1.4% year to date as of the close of trading on Thursday.

H. J. Heinz Company manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. The company has a P/E ratio of 18, 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 HJ Heinz as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, growth in earnings per share, increase in stock price during the past year and expanding profit margins. 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 HJ Heinz Ratings Report.

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