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 down 11.0 points at 15,227 as of Tuesday, Jun 11, 2013, 12:35 p.m. ET. During this time, 258 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 602.2 million. The NYSE advances/declines ratio sits at 560 issues advancing vs. 2,425 declining with 97 unchanged.
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Holding back the Dow today is Coca-Cola (NYSE: KO), which is lagging the broader Dow index with a 38-cent decline (-0.9%) bringing the stock to $40.80. This single loss is lowering the Dow Jones Industrial Average by 2.88 points or roughly accounting for 26.2% of the Dow's overall loss. Volume for Coca-Cola currently sits at nine million shares traded vs. an average daily trading volume of 14.2 million shares.

Coca-Cola has a market cap of $184.43 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 14.2% year to date as of Monday'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 21.3, 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 notable return on equity, reasonable valuation levels, 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.

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