Coca-Cola (NYSE:KO) hit a new 52-week high Wednesday as it is currently trading at $42.98, above its previous 52-week high of $42.96 with 6.3 million shares traded as of 1 p.m. ET. Average volume has been 14.2 million shares over the past 30 days.
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: KO) hit a new 52-week high Wednesday as it is currently trading at $42.98, above its previous 52-week high of $42.96 with 6.3 million shares traded as of 1 p.m. ET. Average volume has been 14.2 million shares over the past 30 days. Coca-Cola has a market cap of $187.9 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 17.3% year to date as of the close of trading on Tuesday. 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 21.7, above 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, expanding profit margins and increase in stock price during the past year. 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 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.