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NEW YORK (

TheStreet

) --

Coca-Cola

(NYSE:

KO

) hit a new 52-week high Friday as it is currently trading at $79.43, above its previous 52-week high of $79.36 with 475,208 shares traded as of 9:45 a.m. ET. Average volume has been 7.1 million shares over the past 30 days.

Coca-Cola has a market cap of $173.75 billion and is part of the

consumer goods

sector and

food & beverage

industry. Shares are up 12.7% year to date as of the close of trading on Thursday.

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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. The company has a P/E ratio of 20.4, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Coca-Cola as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, expanding profit margins and growth in earnings per share. 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

.

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