3 Stocks Pulling The Food & Beverage Industry Downward

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 28 points (0.2%) at 16,953 as of Monday, June 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,914 issues advancing vs. 1,041 declining with 157 unchanged.

The Food & Beverage industry currently sits up 0.3% versus the S&P 500, which is up 0.2%.

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

3. Kellogg ( K) is one of the companies pushing the Food & Beverage industry lower today. As of noon trading, Kellogg is down $0.53 (-0.8%) to $68.38 on light volume. Thus far, 666,160 shares of Kellogg exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $68.35-$68.89 after having opened the day at $68.42 as compared to the previous trading day's close of $68.91.

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 $24.7 billion and is part of the consumer goods sector. Shares are up 12.8% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate Kellogg a buy, 3 analysts rate it a sell, and 7 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, increase in stock price during the past year and impressive record of earnings per share growth. 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.

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