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

CocaCola Company (The) (NYSE:KO) – Equities researchers at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for shares of CocaCola in a research report issued to clients and investors on Tuesday, August 11th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.86 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.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $13.17 billion. During the same period in the previous year, the company earned $0.87 EPS. The firm’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.

A number of other research analysts also recently weighed in on KO. Truist Financial set a $88.00 price target on shares of CocaCola in a report on Friday, June 26th. Royal Bank Of Canada increased their target price on shares of CocaCola from $87.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. TD Cowen boosted their price target on CocaCola from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Argus upped their price target on CocaCola from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $86.00 price objective (up from $82.00) on shares of CocaCola in a report on Tuesday, July 28th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

CocaCola Stock Performance

KO stock opened at $86.58 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $372.51 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 3.03 and a beta of 0.33. CocaCola has a 12 month low of $65.35 and a 12 month high of $90.92. The firm has a 50 day moving average of $82.98 and a two-hundred day moving average of $79.55.

CocaCola Announces Dividend

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

Insiders Place Their Bets

In other CocaCola news, EVP Jennifer K. Mann sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $79.46, for a total value of $7,946,000.00. Following the sale, the executive vice president owned 181,384 shares of the company’s stock, valued at $14,412,772.64. This trade represents a 35.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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, CFO John Murphy sold 152,483 shares of CocaCola stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $87.31, for a total value of $13,313,290.73. Following the completion of the transaction, the chief financial officer directly owned 279,917 shares in the company, valued at approximately $24,439,553.27. This represents a 35.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,465,160 shares of company stock valued at $124,482,109 in the last ninety days. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On CocaCola

Hedge funds and other institutional investors have recently modified their holdings of the stock. Eurizon SLJ Capital Ltd bought a new position in shares of CocaCola in the fourth quarter valued at about $552,000. Farther Finance Advisors LLC grew its holdings in CocaCola by 38.1% during the 4th quarter. Farther Finance Advisors LLC now owns 111,598 shares of the company’s stock worth $7,802,000 after acquiring an additional 30,786 shares during the last quarter. King Luther Capital Management Corp grew its holdings in CocaCola by 0.8% during the 4th quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company’s stock worth $269,330,000 after acquiring an additional 31,694 shares during the last quarter. Cibc World Market Inc. increased its position in CocaCola by 4.8% in the 4th quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company’s stock valued at $123,010,000 after acquiring an additional 79,946 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. bought a new position in shares of CocaCola in the fourth quarter worth about $1,544,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola News Roundup

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

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.