CocaCola (NYSE:KO) Posts Earnings Results, Beats Expectations By $0.04 EPS

CocaCola (NYSE:KO) posted its quarterly earnings results on Tuesday. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04, Zacks reports. The business had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. CocaCola updated its FY 2026 guidance to 3.270-3.300 EPS.

Here are the key takeaways from CocaCola’s conference call:

• Coca-Cola raised its 2026 outlook after a strong first half, now expecting approximately 5% organic revenue growth and 9%–10% comparable EPS growth, including a three-point currency tailwind to EPS.
• Second-quarter organic revenue increased 6% and unit case volume rose 5%, while comparable operating margin expanded approximately 90 basis points and comparable EPS grew 11% to $0.97.
• Broad portfolio and marketing momentum supported share gains, including 5% global Coca-Cola trademark volume growth, 8% POWERADE growth, and 18% fairlife growth; fairlife production has largely resumed with no material expected second-half impact.
• Management described consumers as uneven globally, with lower-income shoppers under pressure and cautious spending in China and parts of Latin America, while Asia Pacific investments and pricing actions weighed on mix and operating income.
• The IRS tax dispute remains unresolved following June oral arguments, with an appellate decision potentially six to 12 months away; the company continues to defend its position and has disclosed the possible downside in its filings.

CocaCola Stock Performance

NYSE KO opened at $90.72 on Wednesday. The firm’s fifty day moving average price is $81.62 and its two-hundred day moving average price is $78.39. The stock has a market cap of $390.30 billion, a PE ratio of 28.42, a PEG ratio of 3.41 and a beta of 0.34. CocaCola has a fifty-two week low of $65.35 and a fifty-two week high of $90.22. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. CocaCola’s dividend payout ratio (DPR) is currently 66.67%.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Q2 results exceeded expectations: Coca-Cola reported adjusted earnings of $0.97 per share versus the $0.93 consensus, while revenue reached approximately $13.37 billion, ahead of the $13.17 billion estimate. Revenue increased roughly 6% year over year, supported by higher concentrate sales, pricing and product mix. Coca-Cola Reports Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Stronger volumes and guidance: Global unit-case volume rose 5%, reportedly Coca-Cola’s best quarterly volume growth in 17 years. Management raised its 2026 outlook, including organic revenue growth of approximately 5% and comparable EPS growth of 9% to 10%, while maintaining an EPS range of $3.27 to $3.30. Coca-Cola hails World Cup hydration breaks as it lifts annual forecasts
• Positive Sentiment: World Cup and brand momentum: Coca-Cola benefited from its FIFA World Cup sponsorship and strong demand for zero-sugar beverages, fairlife and other products. The company said it gained value share despite a challenging consumer environment, helping drive optimism across the consumer-staples sector. FIFA World Cup Delivers Coca-Cola’s Best Quarterly Volume Growth in 17 Years
• Positive Sentiment: Analyst support: Jefferies raised its price target from $95 to $104 and assigned a “buy” rating, implying additional upside based on the referenced price.
• Neutral Sentiment: Fairlife disruption is easing: Coca-Cola said most Fairlife production has resumed following a cyberattack, reducing the risk of a prolonged supply interruption but highlighting an operational vulnerability. Coca-Cola says most of Fairlife’s production has been resumed after cyberattack
• Negative Sentiment: Valuation and mixed ratings: At roughly 28 times earnings, KO is priced aggressively after a strong 2026 advance. HSBC downgraded the shares from “strong-buy” to “hold,” arguing that upside may be limited and PepsiCo offers better value.

Insider Transactions at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the transaction, the executive vice president directly owned 223,330 shares in the company, valued at approximately $18,074,096.90. This represents a 12.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 100,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president directly owned 181,384 shares in the company, valued at approximately $14,412,772.64. This trade represents a 35.54% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders sold 899,905 shares of company stock worth $71,832,315. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of CocaCola

A number of hedge funds have recently made changes to their positions in KO. Apexium Financial LP increased its stake in shares of CocaCola by 1.2% in the third quarter. Apexium Financial LP now owns 12,154 shares of the company’s stock valued at $810,000 after buying an additional 142 shares during the period. Lbmc Investment Advisors LLC boosted its position in CocaCola by 0.4% during the 4th quarter. Lbmc Investment Advisors LLC now owns 38,886 shares of the company’s stock worth $2,718,000 after buying an additional 143 shares during the period. Prosperity Financial Group Inc. grew its holdings in CocaCola by 3.9% during the 3rd quarter. Prosperity Financial Group Inc. now owns 3,957 shares of the company’s stock worth $262,000 after acquiring an additional 148 shares during the last quarter. Wealthspire Retirement LLC grew its holdings in CocaCola by 1.1% during the 4th quarter. Wealthspire Retirement LLC now owns 14,622 shares of the company’s stock worth $1,022,000 after acquiring an additional 156 shares during the last quarter. Finally, Talisman Wealth Advisors LLC increased its position in CocaCola by 1.1% in the 2nd quarter. Talisman Wealth Advisors LLC now owns 14,154 shares of the company’s stock valued at $1,001,000 after acquiring an additional 158 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on KO. Weiss Ratings upgraded CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on CocaCola from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $86.00 price target on shares of CocaCola in a report on Tuesday. TD Cowen upped their price objective on CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $100.00 price objective on shares of CocaCola in a research note on Wednesday. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $92.56.

CocaCola Company Profile

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.