Leucadia National Corporation (LUK): Today's Featured Food & Beverage Laggard

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

Leucadia National Corporation ( LUK) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Leucadia National Corporation fell $0.38 (-1.4%) to $27.36 on average volume. Throughout the day, 1,628,596 shares of Leucadia National Corporation exchanged hands as compared to its average daily volume of 1,403,900 shares. The stock ranged in price between $27.30-$27.91 after having opened the day at $27.82 as compared to the previous trading day's close of $27.74. Other companies within the Food & Beverage industry that declined today were: Tianli Agritech ( OINK), down 6.5%, Hormel Foods Corporation ( HRL), down 3.6%, Crumbs Bake Shop ( CRMB), down 3.1% and Griffin Land & Nurseries ( GRIF), down 2.9%.
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Leucadia National Corporation engages in investment banking, beef processing, manufacturing, telecommunications, gaming, real estate, energy, medical product development, and winery operations in the United States and internationally. Leucadia National Corporation has a market cap of $10.1 billion and is part of the consumer goods sector. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7. Shares are up 16.6% year to date as of the close of trading on Monday.

TheStreet Ratings rates Leucadia National Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Synutra International ( SYUT), down 6.8%, Omega Protein Corporation ( OME), down 3.9%, Amira Nature Foods ( ANFI), down 3.3% and Seneca Foods ( SENEB), down 3.2% , were all gainers within the food & beverage industry with Archer-Daniels Midland Company ( ADM) being today's featured food & beverage industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider PowerShares Dynamic Food & Beverage ( PBJ) while those bearish on the food & beverage industry could consider PowerShares DB Agriculture Sht ETN ( ADZ).

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