Kraft Foods (Nasdaq:KFT) hit a new 52-week high Monday as it is currently trading at $42.52, above its previous 52-week high of $42.44 with 24.1 million shares traded as of 4 p.m. ET. Average volume has been 13.9 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Kraft Foods (Nasdaq: KFT) hit a new 52-week high Monday as it is currently trading at $42.52, above its previous 52-week high of $42.44 with 24.1 million shares traded as of 4 p.m. ET. Average volume has been 13.9 million shares over the past 30 days. Kraft has a market cap of $73.11 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 10.3% year to date as of the close of trading on Friday. Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 20.5, above the average food & beverage industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Kraft as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, reasonable valuation levels, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Kraft Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.