HJ Heinz Reaches New 52-Week High (HNZ)

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) -- HJ Heinz Company (NYSE: HNZ) hit a new 52-week high Monday as it is currently trading at $58.69, above its previous 52-week high of $58.56 with 397,986 shares traded as of 10:10 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

HJ Heinz has a market cap of $18.54 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 7.2% year to date as of the close of trading on Friday.

H. J. Heinz Company, together with its subsidiaries, 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 19.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates HJ Heinz as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, expanding profit margins, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full HJ Heinz Ratings Report.

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