Dow Today: Coca-Cola (KO) Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading up 17 points (+0.1%) at 13,119 as of Wednesday, Aug 29, 2012, 12:35 p.m. ET. During this time, 209.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 612.1 million. The NYSE advances/declines ratio sits at 1,731 issues advancing vs. 1,138 declining with 161 unchanged.

Holding back the Dow today is Coca-Cola (NYSE: KO), which is lagging the broader Dow index with a 44-cent decline (-1.2%) bringing the stock to $37.56. Volume for Coca-Cola currently sits at 7.5 million shares traded vs. an average daily trading volume of 12.6 million shares.

Coca-Cola has a market cap of $171.84 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 8.6% year to date as of Tuesday'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 20.2, 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, increase in stock price during the past year, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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