Coca-Cola Co (KO): Today's Featured Food & Beverage Laggard
(
) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Coca-Cola fell $0.77 (-1.9%) to $40.24 on heavy volume. Throughout the day, 32,460,829 shares of Coca-Cola exchanged hands as compared to its average daily volume of 13,822,000 shares. The stock ranged in price between $39.50-$40.50 after having opened the day at $39.78 as compared to the previous trading day's close of $41.01. Other companies within the Food & Beverage industry that declined today were:
(
), down 4.5%,
(
), down 3.9%,
(
), down 3.5% and
(
), down 2.9%.
The Coca-Cola Company, a beverage company, engages in the manufacture, marketing, and sale of nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Coca-Cola has a market cap of $182.7 billion and is part of the consumer goods sector. Shares are up 13.1% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Coca-Cola a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Coca-Cola
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Coca-Cola Ratings Report.
On the positive front,
(
), up 7.4%,
(
), up 5.3%,
(
), up 4.8% and
(
), up 4.3%.
- Use our food & beverage section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the food & beverage industry could consider
PowerShares DB Agriculture Sht ETN
(
ADZ
).
- Find other investment ideas from our top rated ETFs lists.
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