Dow Today: Kraft Foods (KFT) Higher

The Dow Jones Industrial Average ( ^DJI) is trading up 33 points (+0.3%) at 12,941 as of Thursday, Jul 19, 2012, 12:35 p.m. ET. During this time, 319.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 679 million. The NYSE advances/declines ratio sits at 1,633 issues advancing vs. 1,285 declining with 141 unchanged.

The Dow component leading the way higher looks to be Kraft Foods (Nasdaq: KFT), which is sporting a 27-cent gain (+0.7%) bringing the stock to $40.24. This single gain is lifting the Dow Jones Industrial Average by 2.04 points or roughly accounting for 6.2% of the Dow's overall gain. Volume for Kraft Foods currently sits at 6.2 million shares traded vs. an average daily trading volume of 9.3 million shares.

Kraft Foods has a market cap of $70.56 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 6.5% year to date as of Wednesday'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 19.9, 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, increase in net income, growth in earnings per share and good cash flow from operations. 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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