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 99.0 points (-0.6%) at 16,768 as of Thursday, Jun 26, 2014, 10:36 a.m. ET. During this time, 68.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 327.4 million. The NYSE advances/declines ratio sits at 986 issues advancing vs. 1,906 declining with 182 unchanged.
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Holding back the Dow today is Coca-Cola (NYSE: KO), which is lagging the broader Dow index with a 13-cent decline (-0.3%) bringing the stock to $41.83. This single loss is lowering the Dow Jones Industrial Average by 0.98 points or roughly accounting for 1% of the Dow's overall loss. Volume for Coca-Cola currently sits at 4.4 million shares traded vs. an average daily trading volume of 13.9 million shares.

Coca-Cola has a market cap of $183.94 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 1.6% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.9%.

The Coca-Cola Company, a beverage company, manufactures and distributes coke, diet coke, and other soft drinks worldwide. The company primarily offers nonalcoholic beverages, including 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, good cash flow from operations, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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