The Dow Jones Industrial Average ( ^DJI) is trading up 89 points (+0.6%) at 15,077 as of Friday, Jul 5, 2013, 12:35 p.m. ET. During this time, 184.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 622.3 million. The NYSE advances/declines ratio sits at 1,417 issues advancing vs. 1,574 declining with 76 unchanged.
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Holding back the Dow today is Coca-Cola (NYSE: KO), which is lagging the broader Dow index with a five-cent decline (-0.1%) bringing the stock to $40.44. Volume for Coca-Cola currently sits at 5.7 million shares traded vs. an average daily trading volume of 14.4 million shares. Coca-Cola has a market cap of $179.8 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 11.7% year to date as of Wednesday's close. The stock's dividend yield sits at 2.8%. 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. 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.