CocaCola (NYSE:KO) Updates FY 2026 Earnings Guidance

CocaCola (NYSE:KO) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.270-3.300 for the period, compared to the consensus earnings per share estimate of 3.270. The company issued revenue guidance of -.

CocaCola Stock Up 2.7%

NYSE:KO traded up $2.39 during trading hours on Wednesday, hitting $90.66. 5,235,534 shares of the company’s stock traded hands, compared to its average volume of 17,355,137. CocaCola has a twelve month low of $65.35 and a twelve month high of $90.92. The firm has a market cap of $390.07 billion, a P/E ratio of 28.49, a P/E/G ratio of 3.41 and a beta of 0.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The stock’s fifty day moving average price is $81.62 and its two-hundred day moving average price is $78.39.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The company had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, research analysts expect that CocaCola will post 3.26 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company 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. This represents a $2.12 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s dividend payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KO shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $95.00 price objective on shares of CocaCola in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $86.00 price objective on shares of CocaCola in a research note on Tuesday. Bank of America increased their target price on shares of CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. UBS Group boosted their price target on CocaCola from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, Evercore reissued an “outperform” rating and issued a $100.00 price objective on shares of CocaCola in a research note on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

Insider Activity at CocaCola

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 223,330 shares of the company’s stock, valued at $18,074,096.90. This trade represents a 12.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 23,984 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total value of $2,000,505.44. Following the completion of the sale, the executive vice president directly owned 157,400 shares of the company’s stock, valued at $13,128,734. This represents a 13.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 899,905 shares of company stock worth $71,832,315 in the last 90 days. 0.90% of the stock is owned by company insiders.

Key CocaCola News

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.

Institutional Trading of CocaCola

A number of institutional investors and hedge funds have recently modified their holdings of KO. Headlands Technologies LLC acquired a new stake in CocaCola during the second quarter worth $26,000. Ankerstar Wealth LLC acquired a new stake in shares of CocaCola during the 4th quarter valued at about $30,000. Turning Point Benefit Group Inc. bought a new stake in CocaCola in the third quarter valued at about $33,000. Wealth Watch Advisors INC acquired a new position in CocaCola in the third quarter worth about $34,000. Finally, Sfam LLC bought a new position in CocaCola during the fourth quarter worth about $34,000. 70.26% of the stock is currently owned by institutional investors.

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.