CocaCola (NYSE:KO) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

CocaCola (NYSE:KO) released its earnings results on Tuesday. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05, Zacks reports. CocaCola had a return on equity of 40.55% and a net margin of 27.80%. CocaCola updated its FY 2026 guidance to 3.270-3.300 EPS.

CocaCola Price Performance

NYSE KO opened at $84.08 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The firm has a market capitalization of $361.77 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.33 and a beta of 0.34. The company has a 50 day simple moving average of $81.49 and a 200-day simple moving average of $78.24. CocaCola has a 52-week low of $65.35 and a 52-week high of $85.68.

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 is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.5%. CocaCola’s dividend payout ratio is currently 66.67%.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola reported second-quarter results and increased its full-year outlook, citing revenue, profit and earnings growth, as well as value-share gains. The raised guidance is the primary catalyst supporting KO today. Coca-Cola Reports Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Investors had been buying Coca-Cola ahead of earnings, reflecting confidence in the company’s defensive beverage portfolio, digital initiatives and consistent dividend profile. Smart Investors Snap Up Coca-Cola Stock Ahead of Q2 Earnings
• Neutral Sentiment: The earnings release followed extensive investor attention because Coca-Cola was trading close to record levels and options markets implied the report could materially affect its market value. Coca-Cola Earnings Could Put $10.7 Billion in Market Value on the Line
• Negative Sentiment: Valuation remains a risk: Coca-Cola’s earnings-based multiples were described as expensive after a 67.7% five-year return, meaning the stock may need continued execution and upgraded guidance to justify its premium valuation. Is Coca-Cola Reasonable on Cash Flow or Rich on Earnings?

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Piper Sandler restated an “overweight” rating on shares of CocaCola in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft upped their price target on CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a report on Monday, March 30th. Royal Bank Of Canada reissued an “outperform” rating on shares of CocaCola in a research note on Friday. Finally, Sanford C. Bernstein set a $83.00 target price on CocaCola in a research report on Thursday, July 9th. Fourteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.33.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Jennifer K. Mann sold 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 181,384 shares in the company, valued at approximately $14,412,772.64. This represents a 35.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction on Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 899,905 shares of company stock worth $71,832,315. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CocaCola

Institutional investors have recently made changes to their positions in the company. State Street Corp increased its holdings in CocaCola by 0.6% in the third quarter. State Street Corp now owns 165,858,003 shares of the company’s stock worth $11,083,296,000 after buying an additional 923,278 shares during the last quarter. Bank of America Corp DE increased its stake in shares of CocaCola by 29.2% during the 4th quarter. Bank of America Corp DE now owns 40,182,323 shares of the company’s stock worth $2,809,146,000 after purchasing an additional 9,078,447 shares during the last quarter. GQG Partners LLC raised its holdings in shares of CocaCola by 15.1% during the 4th quarter. GQG Partners LLC now owns 26,250,313 shares of the company’s stock valued at $1,835,161,000 after purchasing an additional 3,449,026 shares in the last quarter. Amundi boosted its holdings in CocaCola by 13.1% in the fourth quarter. Amundi now owns 19,592,242 shares of the company’s stock worth $1,369,694,000 after purchasing an additional 2,276,836 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in CocaCola by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,586,510 shares of the company’s stock worth $1,299,408,000 after buying an additional 283,682 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

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.