Food & Beverage Stocks On The Rise With Help From 3 Stocks

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,093 as of Tuesday, Nov. 26, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,560 issues advancing vs. 1,331 declining with 131 unchanged.

The Food & Beverage industry currently sits up 0.1% versus the S&P 500, which is up 0.1%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Hormel Foods Corporation ( HRL) is one of the companies pushing the Food & Beverage industry higher today. As of noon trading, Hormel Foods Corporation is up $2.37 (5.6%) to $44.81 on heavy volume. Thus far, 1.0 million shares of Hormel Foods Corporation exchanged hands as compared to its average daily volume of 593,700 shares. The stock has ranged in price between $44.01-$45.53 after having opened the day at $44.02 as compared to the previous trading day's close of $42.44.

Hormel Foods Corporation processes, markets, and sells consumer-branded meat and food products. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. Hormel Foods Corporation has a market cap of $11.3 billion and is part of the consumer goods sector. The company has a P/E ratio of 23.1, above the S&P 500 P/E ratio of 17.7. Shares are up 37.5% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Hormel Foods Corporation a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Hormel Foods Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Hormel Foods Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Jim Cramer on Abercrombie, Dollar Tree, Sears, Burlington, PVH, Hormel, Smuckers, Amazon, Whole Foods and HP

In Retailers' Gang War, This Is Why I Am Rooting for Walmart: Market Recon

Dow Scores Ninth Straight Record Close With Tiny Gains, S&P 500 at All-Time High