Coca-Cola Reaches New 52-Week High (KO)

NEW YORK ( TheStreet) -- Coca-Cola (NYSE: KO) hit a new 52-week high Monday as it is currently trading at $71.78, above its previous 52-week high of $71.77 with 942,783 shares traded as of 10:20 a.m. ET. Average volume has been 7.7 million shares over the past 30 days.

Coca-Cola has a market cap of $154.22 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 2.1% year to date as of the close of trading on Friday.

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 19.4, 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. You can view the full Coca-Cola Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null