Dow Today: Coca-Cola (KO) Lower

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 down 130.0 points (-0.9%) at 15,061 as of Wednesday, Oct 2, 2013, 10:30 a.m. ET. During this time, 78.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 364.4 million. The NYSE advances/declines ratio sits at 733 issues advancing vs. 2,131 declining with 84 unchanged.
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Holding back the Dow today is Coca-Cola (NYSE: KO), which is lagging the broader Dow index with a 67-cent decline (-1.8%) bringing the stock to $37.28. This single loss is lowering the Dow Jones Industrial Average by 5.07 points or roughly accounting for 3.9% of the Dow's overall loss. Volume for Coca-Cola currently sits at 7.2 million shares traded vs. an average daily trading volume of 13.4 million shares.

Coca-Cola has a market cap of $170.81 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 6.3% 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, notable return on equity 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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