Dow Today: Coca-Cola (KO) Higher

The Dow Jones Industrial Average ( ^DJI) is trading down 6.0 points at 12,999 as of Wednesday, Feb 29, 2012, 1:35 p.m. ET. During this time, 439.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,292 issues advancing vs. 1,635 declining with 132 unchanged.

The Dow component leading the way higher looks to be Coca-Cola (NYSE: KO), which is sporting a 92-cent gain (+1.3%) bringing the stock to $69.77. Volume for Coca-Cola currently sits at 5.4 million shares traded vs. an average daily trading volume of 7.7 million shares.

Coca-Cola has a market cap of $154.22 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 1.6% year to date as of Tuesday's close. The stock's dividend yield sits at 3%.

The Coca-Cola Company manufactures, distributes, and markets nonalcoholic beverages worldwide. It principally offers sparkling and still beverages. The company has a P/E ratio of 18.7, above the average food & beverage industry P/E ratio of 12.5 and above the S&P 500 P/E ratio of 17.7.

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, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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