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 up 0.4%. By the end of trading, Sara Lee Corporation fell 27 cents (-1.4%) to $18.63 on average volume. Throughout the day, 13.2 million shares of Sara Lee Corporation exchanged hands as compared to its average daily volume of 8.9 million shares. The stock ranged in price between $18.62-$18.99 after having opened the day at $18.86 as compared to the previous trading day's close of $18.90. Other company's within the Food & Beverage industry that declined today were: Reeds ( REED), down 13.5%, Jones Soda Company ( JSDA), down 7.3%, China New Borun Corporation ( BORN), down 5.3%, and Coca-Cola Hellenic Bottling Company S.A ( CCH), down 4.8%. 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 $11.31 billion and is part of the consumer goods sector. The company has a P/E ratio of 112.1, below the average food & beverage industry P/E ratio of 476.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Friday. Currently there are two 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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