The Dow Jones Industrial Average ( ^DJI) closed down 62.0 points (-0.5%) at 13,206. During the day, 562.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 739.1 million. The NYSE advances/declines ratio closed at 900 issues advancing vs. 2,094 declining with 122 unchanged. The Dow component that led the way higher today was Coca-Cola (NYSE: KO), which sported a 28-cent gain (+0.4%) bringing the stock to $77.44. Volume for Coca-Cola ended the day at 7.7 million shares traded vs. an average daily trading volume of eight million shares. Coca-Cola has a market cap of $173.7 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 10.3% year to date as of Wednesday's close. The stock's dividend yield sits at 2.7%. 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 20.5, equal to the average food & beverage industry P/E ratio 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, solid stock price performance, growth in earnings per share 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 Coca-Cola Ratings Report.
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