3 Stocks Dragging In The Food & Beverage Industry

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 59 points (-0.4%) at 16,657 as of Wednesday, May 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,380 issues advancing vs. 1,556 declining with 176 unchanged.

The Food & Beverage industry currently sits down 0.3% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was Gruma SAB de CV ( GMK), up 2.7%. A company within the industry that increased today was Monster Beverage ( MNST), up 0.9%.

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

3. Hershey ( HSY) is one of the companies pushing the Food & Beverage industry lower today. As of noon trading, Hershey is down $0.67 (-0.7%) to $96.22 on light volume. Thus far, 302,813 shares of Hershey exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $96.07-$96.82 after having opened the day at $96.66 as compared to the previous trading day's close of $96.89.

The Hershey Company, together with its subsidiaries, manufactures, markets, distributes, and sells chocolate and sugar confectionery products, pantry items, and gum and mint refreshment products. Hershey has a market cap of $15.6 billion and is part of the consumer goods sector. Shares are down 0.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Hershey a buy, 1 analyst rates it a sell, and 5 rate it a hold.

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

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