Dow Today: Coca-Cola (KO) Higher

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The Dow Jones Industrial Average ( ^DJI) is trading up 48 points (+0.3%) at 14,824 as of Wednesday, Aug 28, 2013, 11:35 a.m. ET. During this time, 195.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 539.8 million. The NYSE advances/declines ratio sits at 1,716 issues advancing vs. 1,195 declining with 102 unchanged.
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The Dow component leading the way higher looks to be Coca-Cola (NYSE: KO), which is sporting a 36-cent gain (+1%) bringing the stock to $38.52. This single gain is lifting the Dow Jones Industrial Average by 2.72 points or roughly accounting for 5.7% of the Dow's overall gain. Volume for Coca-Cola currently sits at eight million shares traded vs. an average daily trading volume of 13.3 million shares.

Coca-Cola has a market cap of $168.99 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 5.2% year to date as of Tuesday's close. The stock's dividend yield sits at 2.9%.

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 expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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