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 168 points (+1%) at 16,830 as of Monday, Aug 18, 2014, 1:36 p.m. ET. During this time, 140.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.3 million. The NYSE advances/declines ratio sits at 2,394 issues advancing vs. 619 declining with 144 unchanged.
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The Dow component leading the way higher looks to be Coca-Cola (NYSE: KO), which is sporting a 40-cent gain (+1%) bringing the stock to $41.28. This single gain is lifting the Dow Jones Industrial Average by 3.03 points or roughly accounting for 1.8% of the Dow's overall gain. Volume for Coca-Cola currently sits at 7.1 million shares traded vs. an average daily trading volume of 12.4 million shares.

Coca-Cola has a market cap of $176.23 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 2.7% year-to-date as of Friday's close. The stock's dividend yield sits at 3%.

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, 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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