Sara Lee Corporation ( SLE) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage loser. The industry as a whole closed the day down 1.5%. By the end of trading, Sara Lee Corporation fell 46 cents (-2.2%) to $20.44 on heavy volume. Throughout the day, 14.8 million shares of Sara Lee Corporation exchanged hands as compared to its average daily volume of 8.1 million shares. The stock ranged in price between $20.41-$21 after having opened the day at $20.96 as compared to the previous trading day's close of $20.90. Other company's within the Food & Beverage industry that declined today were: Synutra International ( SYUT), down 8.1%, Tofutti Brands ( TOF), down 7.7%, China New Borun Corporation ( BORN), down 7.7%, and Companhia de Bebidas das Americas Ambev ADR ( ABV.C), down 6.5%. Sara Lee Corporation engages in the manufacture and marketing of a range of branded packaged meat, bakery, and beverage products worldwide. Sara Lee Corporation has a market cap of $12.49 billion and is part of the consumer goods sector. The company has a P/E ratio of 123.8, below the average food & beverage industry P/E ratio of 526.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.5% year to date as of the close of trading on Thursday. Currently there are four analysts that rate Sara Lee Corporation a buy, one analyst rates it a sell, and five rate it a hold. TheStreet Ratings rates Sara Lee Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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