CocaCola (NYSE:KO) Releases FY 2026 Earnings Guidance

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on KO. Morgan Stanley restated an “overweight” rating and set a $100.00 target price (up from $89.00) on shares of CocaCola in a report on Wednesday. Wells Fargo & Company increased their price objective on CocaCola from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday. HSBC downgraded CocaCola from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group increased their price target on CocaCola from $95.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $86.00 target price (up from $82.00) on shares of CocaCola in a report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.69.

CocaCola Stock Down 1.7%

Shares of KO stock traded down $1.51 during trading hours on Thursday, reaching $87.56. The company had a trading volume of 2,690,104 shares, compared to its average volume of 17,376,580. The company has a market cap of $376.75 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 3.56 and a beta of 0.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.15. CocaCola has a 12 month low of $65.35 and a 12 month high of $90.92. The business has a fifty day simple moving average of $81.77 and a 200-day simple moving average of $78.53.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $13.17 billion. During the same period last year, the business earned $0.87 EPS. The business’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. On average, research analysts expect that CocaCola will post 3.27 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders 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 66.67%.

Insiders Place Their Bets

In other CocaCola news, Chairman James Quincey sold 436,296 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $80.13, for a total value of $34,960,398.48. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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, insider Bruno Pietracci sold 75,727 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total transaction of $6,788,925.55. Following the sale, the insider owned 35,393 shares of the company’s stock, valued at $3,172,982.45. This trade represents a 68.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 three months, insiders have sold 975,632 shares of company stock valued at $78,621,241. 0.90% of the stock is owned by 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 rose 6.2% year over year to $13.37 billion, ahead of the $13.17 billion estimate. Global unit-case volume increased 5%, and management raised its 2026 guidance. Coca-Cola lifts annual forecasts
• Positive Sentiment: World Cup exposure boosted consumption. Management credited FIFA World Cup activation with helping produce Coca-Cola’s strongest quarterly volume growth in 17 years. Pricing, product mix, zero-sugar beverages and Fairlife also contributed to market-share and margin gains. Coca-Cola Q2 earnings call highlights
• Positive Sentiment: Wall Street became more constructive. Jefferies raised its target to $104, while TD Cowen and Citigroup lifted theirs to $100. JPMorgan increased its target to $96 and maintained an Overweight rating; Bank of America cited “best-in-class” consumption trends.
• Positive Sentiment: Operational disruption appears contained. Coca-Cola said most Fairlife production has resumed following a cyberattack, reducing concerns about a prolonged supply interruption. Fairlife production resumes after cyberattack
• Neutral Sentiment: Coca-Cola İçecek, an affiliate rather than the parent company, completed a TRY 3 billion domestic bill issuance linked to Turkey’s TLREF rate. The financing supports liquidity but has limited direct impact on KO.
• Negative Sentiment: Valuation may limit further upside. KO trades at roughly 27 times earnings after a substantial 2026 rally. HSBC downgraded the shares to Hold, arguing PepsiCo offers better value.
• Negative Sentiment: An insider sold 75,727 shares for approximately $6.8 million under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards. The planned, tax-related nature makes this a modest warning rather than a strong bearish signal.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in CocaCola during the 2nd quarter valued at about $26,000. Ankerstar Wealth LLC bought a new stake in shares of CocaCola during the 4th quarter worth $30,000. Turning Point Benefit Group Inc. purchased a new position in CocaCola in the third quarter worth $33,000. Wealth Watch Advisors INC purchased a new stake in CocaCola during the third quarter valued at about $34,000. Finally, Sfam LLC bought a new stake in CocaCola during the fourth quarter worth about $34,000. 70.26% of the stock is 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.