Dow Today: Coca-Cola (KO) Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 112 points (+0.8%) at 14,945 as of Wednesday, Sep 4, 2013, 1:35 p.m. ET. During this time, 321.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 535.7 million. The NYSE advances/declines ratio sits at 2,114 issues advancing vs. 845 declining with 92 unchanged.
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The Dow component leading the way higher looks to be Coca-Cola (NYSE: KO), which is sporting an 82-cent gain (+2.2%) bringing the stock to $38.72. This single gain is lifting the Dow Jones Industrial Average by 6.21 points or roughly accounting for 5.5% of the Dow's overall gain. Volume for Coca-Cola currently sits at 10.5 million shares traded vs. an average daily trading volume of 13.5 million shares.

Coca-Cola has a market cap of $169.26 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 4.6% 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 reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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