The Coca-Cola Company
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Range $86 – $104
Price Chart
About the company
The Coca-Cola Company, a beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally. The company provides Trademark Coca-Cola, sparkling soft drinks and flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and emerging beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers comprising restaurants and convenience stores.
- CEO
- Henrique Braun
- IPO
- 1962
- Employees
- 65,900
- HQ
- Atlanta, GA, US
AI snapshot
Six angles, distilled from the data.
KO remains in a durable uptrend, trading above both its 50-day and 200-day moving averages. The stock sits near its 52-week high after a long advance from the mid-60s, with a low beta profile that fits a defensive leadership setup.
Street sentiment stays constructive: the consensus rating is Buy, with an average target around $95.75 versus a recent close in the high-80s. Recent revisions were mostly reaffirmations with higher targets, including several moves into the $93-$104 range.
The earnings profile is steady and execution has been consistent, with 7 straight EPS beats and the last reported quarter topping estimates by 5.4%. Next-year EPS is modeled at 3.53, up from 3.33 TTM, so shareholders should watch whether volume and mix keep supporting that path.
Recent insider activity leans to net selling, but much of the table is automatic award and exemption activity rather than discretionary trading. The clearest signal is selling from the President and CFO, the Europe OU President, and a smaller sale by the President of INSWA, which keeps sentiment cautious.
Profitability is strong, with a 61.9% gross margin, 34.9% operating margin, and 28.6% net margin. Growth is still positive, with revenue up 6.7% and earnings up 16.9% year over year, while free cash flow reached $9.52 billion in 2025.
KO wins on stability, brand scale, and cash generation versus most beverage peers, but it trades at a premium multiple for that quality. The setup favors a defensive compounder rather than a deep-value name, with the market paying for consistency.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $392.54B
- P/E
- 27.40
- Fwd P/E
- 27.60
- PEG
- 1.55
- P/S
- 7.83
- P/B
- 10.86
- EV/EBITDA
- 21.34
- Div Yield
- 2.28%
- Gross Margin
- 61.89%
- Op Margin
- 29.63%
- Net Margin
- 28.56%
- ROE
- 42.99%
- ROIC
- 13.91%
Latest fiscal year · YoY change
- Revenue
- $47.94B+1.9%
- Gross Profit
- $29.54B+2.8%
- Op Income
- $13.76B
- Net Income
- $13.11B+23.3%
- EPS
- $3.05+23.5%
- OCF Growth
- +8.9%
- FCF Growth
- +11.7%
- 52W High
- $91.86
- 52W Low
- $65.35
- 50D MA
- $83.98
- 200D MA
- $77.27
- Beta
- 0.34
- RSI (14)
- 71
- Avg Volume
- 17.65M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Coca-Cola reported a strong second quarter with broad-based volume growth, margin expansion, and raised full-year guidance despite an uneven consumer backdrop.· July 28, 2026
- Organic revenue grew 6% and unit case volume rose 5%, helped by easier comparisons, favorable weather, and FIFA World Cup activation.
- Comparable EPS increased 11% to $0.97, supported by margin expansion and currency tailwinds.
- Comparable gross margin expanded about 120 basis points and comparable operating margin about 90 basis points.
- Management raised full-year outlook to about 5% organic revenue growth and 9% to 10% comparable EPS growth versus $3 in 2025.
- Free cash flow was about $6.9 billion, and net debt leverage was 1.4x EBITDA, below the 2x to 2.5x target range.
Second-quarter organic revenue grew 6% and unit case volume grew 5%; price/mix grew 2%; comparable gross margin increased approximately 120 basis points; comparable operating margin increased approximately 90 basis points; and comparable EPS was $0.97, up 11%, including a 2-point benefit from currency tailwinds. Free cash flow was approximately $6.9 billion, and net debt leverage was 1.4x EBITDA. For 2026, management now expects organic revenue growth of approximately 5%, comparable currency-neutral EPS growth excluding acquisitions and divestitures of 7% to 8%, and all-in comparable EPS growth of 9% to 10% versus $3 in 2025. They also expect divestitures to be a 2% to 3% headwind to comparable net revenues and about a 1% headwind to comparable EPS, with about a 1-point currency tailwind to net revenues and a 3-point tailwind to EPS for the full year.
Henrique Braun said the company had a strong first half and broad-based momentum across regions, with growth driven by a more consumer-centric approach, revenue growth management, and execution around major activations like the FIFA World Cup. He emphasized that Coca-Cola is adapting to an uneven global consumer environment by balancing affordability and premiumization, while staying close to consumers and using digital and localized marketing more effectively. His tone was confident and upbeat, repeatedly pointing to the system’s strength and saying the company is well positioned to deliver on raised 2026 guidance.
John Murphy highlighted the financial quality of the quarter: 6% organic revenue growth, 5% volume growth, 120 basis points of gross margin expansion, 90 basis points of operating margin expansion, and $0.97 comparable EPS, up 11%. He said free cash flow was about $6.9 billion and leverage was 1.4x EBITDA, giving the company flexibility to reinvest and return capital. On guidance, he said the company now expects roughly 5% organic revenue growth, 7% to 8% comparable currency-neutral EPS growth excluding M&A, and 9% to 10% comparable EPS growth overall, with currency and divestitures both now explicitly built into the outlook.
Analysts focused on the sustainability of growth given easy comparisons, the consumer environment, fairlife supply and Webster ramp-up, APAC investment and pricing mix, the IRS tax case, FIFA World Cup benefits, Marriott wins, and margin durability. Management said the second-half outlook remains supported by momentum, though it will face tougher comparisons and six fewer days in the fourth quarter. On fairlife, they said retail availability was largely unaffected, production has resumed across most facilities, and Webster capacity is still expected to ramp through the rest of the year with no material second-half impact expected from the incident.
The bull case is that Coca-Cola is showing it can grow volume, revenue, and earnings simultaneously while expanding margins. Management repeatedly pointed to broad-based share gains, strong global activation, and the ability to use its portfolio and revenue growth management tools to navigate a pressured consumer environment. They also raised guidance and noted a strong balance sheet with significant cash generation.
The main risks are an uneven consumer backdrop, continued pressure on lower-income consumers, geopolitical disruption in some regions, and tougher second-half comparisons with six fewer days in Q4. Management also flagged ongoing investment needs in APAC, a still-uncertain IRS appeal timeline, and commodity volatility, even though they currently view the cost basket as manageable.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 90.0%
- Shares Outstanding
- 4.30B
- Float Shares
- 3.87B
of shares held by institutions
3,656 13F filers
Buy/sell ratio 0.50. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for KO, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Michael RulliHouse | Buy | Dec 3, 25 | Filing → |
| Lloyd DoggettHouse · TX37 | Buy | Jul 1, 26 | Filing → |
| Shelley Moore CapitoSenate · WV | Sell | Jul 21, 26 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Jun 5, 26 | Filing → |
| Lloyd DoggettHouse · TX37 | Buy | Apr 1, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Mar 30, 26 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Jan 29, 26 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Jan 13, 26 | Filing → |
| Markwayne MullinSenate · OK | Buy | Dec 29, 25 | Filing → |
| Markwayne MullinSenate · OK | Buy | Dec 29, 25 | Filing → |
| Julia LetlowHouse · LA05 | Buy | Nov 3, 25 | Filing → |
| Lloyd DoggettHouse · TX37 | Buy | Dec 15, 25 | Filing → |
| Sheldon WhitehouseSenate · RI | Buy | Nov 21, 25 | Filing → |
| Sheldon WhitehouseSenate · RI | Buy | Nov 21, 25 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Berkshire Hathaway Inc | 400.00M | 0 |
| Vanguard Group Inc | 374.77M | ▲ 5.89M |
| Blackrock, Inc. | 322.74M | ▼ 10.86M |
| Vanguard Capital Management LLC | 238.80M | ▲ 1.35M |
| State Street Corp | 167.40M | ▲ 176.98K |
| Fmr LLC | 109.16M | ▲ 1.58M |
| Geode Capital Management, LLC | 105.98M | ▲ 13.02M |
| Morgan Stanley | 89.82M | ▼ 2.07M |
| Sixth Street Partners Management Company, L.P. | 80.82M | ▲ 80.82M |
| Charles Schwab Investment Management Inc | 80.82M | ▲ 4.48M |
| Jpmorgan Chase & Co | 55.48M | ▼ 15.11M |
| Norges Bank | 52.03M | ▲ 52.03M |
Held by 2,189 ETFs
Biggest fund positions in KO by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 10, 26 | Ray Sanket | sell | 9,958 |
| Aug 6, 26 | Ortega Luisa | other | 21,848 |
| Aug 6, 26 | Ortega Luisa | other | 10,684 |
| Aug 6, 26 | Ortega Luisa | other | 7,628 |
| Aug 6, 26 | Ortega Luisa | sell | 35,983 |
| Aug 6, 26 | Ortega Luisa | sell | 19,772 |
| Aug 6, 26 | Ortega Luisa | other | 7,628 |
| Aug 6, 26 | Ortega Luisa | other | 10,684 |
| Aug 6, 26 | Ortega Luisa | other | 21,848 |
| Jul 31, 26 | MURPHY JOHN | other | 152,483 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our KO coverage
Recent articles, reports, and earnings notes.

Coca-Cola (KO): Brand Power Supports a Buy
Coca-Cola delivered 7% Q2 revenue growth, 16% EPS growth, and raised 2026 guidance, but the stock still trades at a premium valuation. The report rates KO a Buy with a fair value estimate of $88.

Inside Our Top Beverages Stock Picks for August 2026
Seven beverage stocks are ranked by investment quality, spanning branded refreshment, energy, hydration, coffee, bottled water, and distribution.

The Coca-Cola Company (KO) rises on earnings beats
The Coca-Cola Company (KO) rises 6.6% after reporting earnings beats, lifting investor sentiment as the beverage giant tops expectations and signals steady momentum.
Want a deeper read on KO?
Generate a full analyst-grade report — bull/bear case, price targets, valuation depth, and a complete financial breakdown.
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AI analysis · Last refreshed August 19, 2026 · Live quote · Not investment advice