CocaCola (NYSE:KO) Hits New 52-Week High After Strong Earnings

CocaCola Company (The) (NYSE:KO)’s stock price hit a new 52-week high during trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $89.48 and last traded at $89.4290, with a volume of 5954468 shares traded. The stock had previously closed at $84.07.

The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The firm had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $13.17 billion. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s payout ratio is 66.67%.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Coca-Cola reported comparable earnings of $0.97 per share, up from $0.87 a year earlier and above the $0.92 consensus estimate. Revenue reached approximately $13.37 billion to $13.38 billion, exceeding estimates of $13.17 billion and rising roughly 6% to 7% year over year. Coca-Cola Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Growth was supported by pricing, product mix and higher concentrate sales. Global unit case volume increased 5%, while net income attributable to shareowners rose 16% to $4.43 billion and operating income climbed 9%. Strong demand for zero-sugar beverages and fairlife products, along with World Cup/FIFA marketing, provided additional momentum. Coca-Cola Profit Rises on Higher Concentrate Sales and Pricing
• Positive Sentiment: Coca-Cola raised its 2026 outlook. The company now expects organic revenue growth of approximately 5%, versus prior guidance of 4% to 5%, and comparable EPS growth of 9% to 10%, up from 8% to 9%. Full-year EPS guidance is $3.27 to $3.30. Coca-Cola Reports Second Quarter Results and Raises Full-Year Guidance
• Neutral Sentiment: Valuation may limit additional upside. KO trades near its yearly high at roughly 26 times earnings, after gaining 19% this year and 67.7% over five years. Investors may therefore expect continued execution before assigning the shares a higher multiple.

Wall Street Analysts Forecast Growth

KO has been the topic of several research reports. Truist Financial set a $88.00 price target on shares of CocaCola in a research note on Friday, June 26th. TD Cowen upped their price objective on shares of CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Piper Sandler reiterated an “overweight” rating on shares of CocaCola in a report on Friday, June 26th. Barclays raised their target price on shares of CocaCola from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, Sanford C. Bernstein set a $83.00 target price on CocaCola in a report on Thursday, July 9th. Fourteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.33.

Insider Transactions at CocaCola

In related news, EVP Jennifer K. Mann sold 100,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $79.46, for a total value of $7,946,000.00. Following the completion of the sale, the executive vice president owned 181,384 shares of the company’s stock, valued at approximately $14,412,772.64. This represents a 35.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the sale, the chairman owned 122,833 shares of the company’s stock, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 899,905 shares of company stock worth $71,832,315 in the last quarter. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On CocaCola

Several institutional investors and hedge funds have recently bought and sold shares of the company. Anfield Capital Management LLC increased its holdings in shares of CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after buying an additional 294 shares during the last quarter. Louisbourg Investments Inc. acquired a new position in CocaCola in the first quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new position in CocaCola in the second quarter worth approximately $26,000. Evolution Wealth Management Inc. grew its position in CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after acquiring an additional 357 shares during the period. Finally, Daytona Street Capital LLC acquired a new stake in CocaCola during the fourth quarter worth $29,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The company has a market cap of $386.81 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 3.33 and a beta of 0.34. The firm has a 50 day simple moving average of $81.49 and a 200-day simple moving average of $78.24.

About CocaCola

The Coca?Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca?Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready?to?drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca?Cola’s brand portfolio includes widely recognized names such as Coca?Cola, Diet Coke, Coca?Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.