3 Food & Beverage Stocks Pushing The Industry Higher

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 95 points (0.6%) at 16,678 as of Monday, May 12, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,394 issues advancing vs. 601 declining with 132 unchanged.

The Food & Beverage industry currently sits up 1.3% versus the S&P 500, which is up 0.8%.

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

3. Pinnacle Foods ( PF) is one of the companies pushing the Food & Beverage industry higher today. As of noon trading, Pinnacle Foods is up $3.95 (13.0%) to $34.40 on heavy volume. Thus far, 16.2 million shares of Pinnacle Foods exchanged hands as compared to its average daily volume of 403,900 shares. The stock has ranged in price between $34.36-$35.67 after having opened the day at $35.62 as compared to the previous trading day's close of $30.45.

Pinnacle Foods Inc., through its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America. It operates through three segments: Birds Eye Frozen, Duncan Hines Grocery, and Specialty Foods. Pinnacle Foods has a market cap of $3.5 billion and is part of the consumer goods sector. Shares are up 10.9% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate Pinnacle Foods a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Pinnacle Foods as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins. Get the full Pinnacle Foods Ratings Report now.

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2. As of noon trading, Monster Beverage ( MNST) is up $3.01 (4.5%) to $70.00 on average volume. Thus far, 907,629 shares of Monster Beverage exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $67.19-$70.46 after having opened the day at $67.49 as compared to the previous trading day's close of $66.99.

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. It operates in two segments, Direct Store Delivery and Warehouse. Monster Beverage has a market cap of $11.0 billion and is part of the consumer goods sector. Shares are down 1.1% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Monster Beverage a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Monster Beverage 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, impressive record of earnings per share growth, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Monster Beverage 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.

1. As of noon trading, Kellogg ( K) is up $0.92 (1.4%) to $68.13 on heavy volume. Thus far, 2.7 million shares of Kellogg exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $67.36-$68.80 after having opened the day at $67.42 as compared to the previous trading day's close of $67.21.

Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience food products primarily in the United States and the United Kingdom. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Kellogg has a market cap of $23.7 billion and is part of the consumer goods sector. Shares are up 10.1% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate Kellogg a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Kellogg as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, expanding profit margins, impressive record of earnings per share growth and increase in stock price during the past year. 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 Kellogg 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 are interested in one of these 3 stocks, 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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