3 Stocks Pushing The Consumer Goods Sector Higher

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 18 points (-0.1%) at 13,964 as of Thursday, Feb. 14, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,305 issues advancing vs. 1,524 declining with 153 unchanged.

The Consumer Goods sector currently sits up 0.3% versus the S&P 500, which is down 0.1%. A company within the sector that increased today was PepsiCo ( PEP), up 1.5%. On the negative front, top decliners within the sector include Honda Motor ( HMC), down 1.4%, Philip Morris International ( PM), down 0.9% and Companhia de Bebidas das Americas Ambev ( ABV), down 0.4%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. HJ Heinz Company ( HNZ) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, HJ Heinz Company is up $12.06 (19.9%) to $72.54 on heavy volume Thus far, 36.3 million shares of HJ Heinz Company exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $72.40-$72.61 after having opened the day at $72.46 as compared to the previous trading day's close of $60.48.

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. HJ Heinz Company has a market cap of $19.5 billion and is part of the food & beverage industry. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate HJ Heinz Company a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates HJ Heinz Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full HJ Heinz Company Ratings Report now.

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