Coca-Cola Stock Hits New 52-Week High (CCE)

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.

NEW YORK ( TheStreet) -- Coca-Cola (NYSE: CCE) hit a new 52-week high Monday as it is currently trading at $31.84, above its previous 52-week high of $31.68 with 222,090 shares traded as of 10:05 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Coca-Cola has a market cap of $9.19 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 21% year to date as of the close of trading on Friday.

Coca-Cola Enterprises, Inc. produces, distributes, and markets nonalcoholic beverages. It provides still and sparkling waters, juices, sports drinks, juice drinks, coffee-based beverages, and teas. Coca-Cola Enterprises, Inc. The company has a P/E ratio of 13.8, above the average food & beverage industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Coca-Cola as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, good cash flow from operations, increase in stock price during the past year and expanding profit margins. 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.

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