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.
) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day up 0.4%. By the end of trading, Coca-Cola rose $0.41 (1.1%) to $38.74 on average volume. Throughout the day, 10,872,992 shares of Coca-Cola exchanged hands as compared to its average daily volume of 13,424,500 shares. The stock ranged in a price between $38.39-$38.74 after having opened the day at $38.49 as compared to the previous trading day's close of $38.33. Other companies within the Food & Beverage industry that increased today were:
), up 12.9%,
), up 11.0%,
), up 6.8% and
), up 6.5%.
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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 $170.8 billion and is part of the consumer goods sector. Shares are up 6.3% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Coca-Cola a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and notable return on equity. 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 negative front,
), down 3.8%,
), down 3.3%,
), down 3.3% and
), down 2.9% , were all laggards within the food & beverage industry with
) being today's food & beverage industry laggard.
- Use our food & beverage section to find industry-relevant news.
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) while those bearish on the food & beverage industry could consider
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