The Coca-Cola Co (KO): Today's Featured Food & Beverage Loser
(
) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage loser. The industry as a whole closed the day down 2.3%. By the end of trading, Coca-Cola fell $1.10 (-1.7%) to $64.87 on light volume. Throughout the day, seven million shares of Coca-Cola exchanged hands as compared to its average daily volume of 10.3 million shares. The stock ranged in price between $64.80-$65.50 after having opened the day at $65.46 as compared to the previous trading day's close of $65.97. Other company's within the Food & Beverage industry that declined today were:
Glg Life Tech
(
GLGL
), down 26.7%,
(
), down 20.5%,
(
), down 10.3%, and
(
), down 8.6%.
The Coca-Cola Company manufactures, distributes, and markets nonalcoholic beverages worldwide. It principally offers sparkling and still beverages. Coca-Cola has a market cap of $149.79 billion and is part of the
sector. The company has a P/E ratio of 12.1, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 0.3% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates The Coca-Cola as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, good cash flow from operations and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full The Coca-Cola Ratings Report.
- 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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