Coca-Cola Rises On Unusually High Volume (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) is trading at unusually high volume Tuesday with five million shares changing hands. It is currently at two times its average daily volume and trading up 90 cents (+2.9%) at $31.98 as of 12:36 p.m. ET.

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Coca-Cola has a market cap of $8.89 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 20.1% year to date as of the close of trading on Monday.

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 13.6, below 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 solid stock price performance, notable return on equity, attractive valuation levels, good cash flow from operations 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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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