What is Zacks Research’s Estimate for CocaCola Q3 Earnings?

CocaCola Company (The) (NYSE:KO) – Equities researchers at Zacks Research cut their Q3 2026 EPS estimates for shares of CocaCola in a research note issued to investors on Tuesday, August 11th. Zacks Research analyst Team now forecasts that the company will earn $0.86 per share for the quarter, down from their prior forecast of $0.88. The consensus estimate for CocaCola’s current full-year earnings is $3.29 per share. Zacks Research also issued estimates for CocaCola’s FY2026 earnings at $3.29 EPS, Q1 2027 earnings at $0.89 EPS, Q2 2027 earnings at $1.01 EPS, Q3 2027 earnings at $0.96 EPS, FY2027 earnings at $3.51 EPS, Q1 2028 earnings at $0.95 EPS, Q2 2028 earnings at $1.07 EPS and FY2028 earnings at $3.74 EPS.

Several other analysts also recently issued reports on KO. Evercore reissued an “outperform” rating and issued a $100.00 price target on shares of CocaCola in a report on Tuesday, July 28th. Weiss Ratings reissued a “buy (b+)” rating on shares of CocaCola in a report on Friday, July 31st. TD Cowen lifted their target price on CocaCola from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Bank of America increased their price target on CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $93.00 price objective on shares of CocaCola in a research note on Wednesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.76.

CocaCola Stock Down 0.3%

NYSE:KO opened at $86.58 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The stock has a 50 day moving average of $82.98 and a 200-day moving average of $79.55. The firm has a market capitalization of $372.51 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 3.03 and a beta of 0.33. CocaCola has a 52 week low of $65.35 and a 52 week high of $90.92.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The firm had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $13.17 billion. During the same quarter last year, the company posted $0.87 earnings per share. CocaCola’s revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. CocaCola’s dividend payout ratio is currently 63.66%.

Insider Activity at CocaCola

In other news, insider Sanket Ray sold 9,958 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $86.50, for a total transaction of $861,367.00. Following the sale, the insider directly owned 62,105 shares of the company’s stock, valued at $5,372,082.50. The trade was a 13.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruno Pietracci sold 75,727 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $89.65, for a total value of $6,788,925.55. Following the sale, the insider directly owned 35,393 shares of the company’s stock, valued at approximately $3,172,982.45. This represents a 68.15% 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. In the last three months, insiders have sold 1,465,160 shares of company stock worth $124,482,109. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of CocaCola

A number of hedge funds have recently bought and sold shares of KO. Norges Bank purchased a new stake in shares of CocaCola in the fourth quarter worth approximately $3,865,807,000. Cardano Risk Management B.V. boosted its holdings in shares of CocaCola by 867.2% during the fourth quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company’s stock worth $1,008,954,000 after purchasing an additional 12,939,959 shares during the period. Marshall Wace LLP grew its position in CocaCola by 1,206.9% during the fourth quarter. Marshall Wace LLP now owns 10,641,007 shares of the company’s stock valued at $743,913,000 after purchasing an additional 9,826,768 shares in the last quarter. Bank of America Corp DE grew its position in CocaCola by 29.2% during the fourth quarter. Bank of America Corp DE now owns 40,182,323 shares of the company’s stock valued at $2,809,146,000 after purchasing an additional 9,078,447 shares in the last quarter. Finally, Capital World Investors increased its stake in CocaCola by 98.7% in the 4th quarter. Capital World Investors now owns 12,573,527 shares of the company’s stock valued at $879,015,000 after buying an additional 6,246,627 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Solid earnings momentum: Coca-Cola’s latest quarterly results exceeded expectations, with earnings of $0.97 per share versus a $0.93 consensus and revenue of $13.37 billion versus $13.17 billion expected. Revenue increased 6.2% year over year. Coca-Cola earnings and stock information
• Positive Sentiment: Organic growth appears volume-supported: Second-quarter organic revenue rose 6%, while unit case volume increased 5%; price and mix contributed only 2%. This suggests demand—not just pricing—is supporting growth. Coca-Cola revenue growth analysis
• Positive Sentiment: Analyst estimates were raised: Erste Group increased its FY2026 EPS forecast to $3.30 from $3.27 and its FY2027 forecast to $3.53 from $3.49, reinforcing expectations for continued earnings growth. Coca-Cola analyst estimates
• Positive Sentiment: Dividend and defensive appeal remain supportive: Coca-Cola’s decades-long dividend-growth record and status as a major Berkshire Hathaway holding continue to attract income-focused and defensive investors. Coca-Cola dividend streak
• Neutral Sentiment: Business reinvention continues: Coverage highlights Coca-Cola’s expansion beyond traditional soda into water, energy drinks, juices and lower-sugar products as consumer preferences evolve. The strategy supports long-term relevance, although execution and competition remain important. Coca-Cola workforce and business strategy
• Negative Sentiment: Valuation is limiting upside: After a strong run, KO trades at roughly 26 times trailing earnings. Analysts describe the shares as near fair value or somewhat expensive relative to Coca-Cola’s moderate growth rate. Coca-Cola valuation analysis
• Negative Sentiment: Insider selling adds pressure: Sanket Ray sold 9,958 shares for approximately $861,000, reducing his position by 13.8%. While one insider transaction is not necessarily a fundamental warning, it may weigh on sentiment near record valuation levels. Coca-Cola SEC insider filing

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.