NEW YORK ( TheStreet) -- Coca-Cola (NYSE: KO) hit a new 52-week high Friday as it is currently trading at $77.83, above its previous 52-week high of $77.82 with 1.7 million shares traded as of 10:40 a.m. ET. Average volume has been 7.2 million shares over the past 30 days. Coca-Cola has a market cap of $172.22 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 9.1% year to date as of the close of trading on Thursday. 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 20.3, 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, solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. 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. See all 52-week high stocks or get investment ideas from our investment research center.