CocaCola (NYSE:KO) Announces Earnings Results, Beats Estimates By $0.04 EPS

Posted by Geri Gentry on Jul 30th, 2026

CocaCola (NYSE:KO – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04, Zacks reports. The business had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. CocaCola’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. CocaCola updated its FY 2026 guidance to 3.270-3.300 EPS.

Here are the key takeaways from CocaCola’s conference call:

Coca-Cola raised its 2026 outlook after a strong first half, now expecting approximately 5% organic revenue growth and 9%–10% comparable EPS growth, including a three-point currency tailwind to EPS.
Second-quarter organic revenue increased 6% and unit case volume rose 5%, while comparable operating margin expanded approximately 90 basis points and comparable EPS grew 11% to $0.97.
Broad portfolio and marketing momentum supported share gains, including 5% global Coca-Cola trademark volume growth, 8% POWERADE growth, and 18% fairlife growth; fairlife production has largely resumed with no material expected second-half impact.
Management described consumers as uneven globally, with lower-income shoppers under pressure and cautious spending in China and parts of Latin America, while Asia Pacific investments and pricing actions weighed on mix and operating income.
The IRS tax dispute remains unresolved following June oral arguments, with an appellate decision potentially six to 12 months away; the company continues to defend its position and has disclosed the possible downside in its filings.

CocaCola Stock Performance

CocaCola stock opened at $89.30 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $384.22 billion, a P/E ratio of 26.82, a PEG ratio of 3.56 and a beta of 0.34. The stock’s 50 day moving average is $81.77 and its 200 day moving average is $78.53. CocaCola has a twelve month low of $65.35 and a twelve month high of $90.92.

CocaCola Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wells Fargo & Company upped their target price on CocaCola from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group restated a “neutral” rating and set a $86.00 price target (up from $82.00) on shares of CocaCola in a research report on Tuesday. Bank of America upped 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. Truist Financial set a $88.00 price objective on CocaCola in a report on Friday, June 26th. Finally, Weiss Ratings upgraded CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, CocaCola has a consensus rating of “Moderate Buy” and an average target price of $95.56.

View Our Latest Research Report on CocaCola

More CocaCola News

Here are the key news stories impacting CocaCola this week:

Positive Sentiment: Quarterly results exceeded expectations. Coca-Cola reported adjusted EPS of $0.97, above the $0.93 consensus, while revenue of approximately $13.37 billion also topped forecasts and increased 6.2% year over year. Coca-Cola earnings report
Positive Sentiment: Volume growth and the FIFA World Cup boosted demand. Global unit-case volume rose 5%, reportedly Coca-Cola’s strongest quarterly volume growth in 17 years. World Cup marketing, pricing, product mix, zero-sugar beverages and fairlife products contributed to broad-based growth across regions. Coca-Cola raises forecasts on strong demand
Positive Sentiment: Management raised its full-year forecast. Coca-Cola now expects approximately 5% organic revenue growth and 9%-10% comparable EPS growth in 2026, up from prior ranges of 4%-5% and 8%-9%, respectively. Its reported FY 2026 EPS guidance is $3.27-$3.30.
Positive Sentiment: Analyst targets moved higher. Jefferies raised its target to $104, while TD Cowen and Citigroup set targets of $100 and JPMorgan raised its target to $96. The consensus rating remains “Moderate Buy,” although the stock’s valuation is elevated after its substantial 2026 advance.
Neutral Sentiment: Most fairlife production has resumed following a cyberattack, reducing the risk of a prolonged supply disruption. Fairlife production resumes after cyberattack
Negative Sentiment: Valuation and one analyst downgrade temper the bullish case. HSBC downgraded Coca-Cola to Hold, citing limited upside and better value at PepsiCo. The stock trades at roughly 27 times earnings, leaving it more sensitive to any slowdown in consumer demand or execution.
Negative Sentiment: An insider sold 75,727 shares worth approximately $6.8 million. However, the transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, making it a relatively weak bearish signal.

Insider Buying and Selling

In other CocaCola news, Chairman James Quincey sold 436,296 shares of CocaCola stock in a transaction on Friday, June 5th. The stock was sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the transaction, the chairman owned 122,833 shares in the company, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $18,074,096.90. This represents a 12.40% 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 975,632 shares of company stock worth $78,621,241 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of CocaCola

A number of institutional investors and hedge funds have recently bought and sold shares of KO. Brighton Jones LLC increased its holdings in shares of CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of CocaCola during the first quarter valued at $210,000. Jump Financial LLC boosted its position in shares of CocaCola by 450.5% during the second quarter. Jump Financial LLC now owns 39,583 shares of the company’s stock valued at $2,800,000 after buying an additional 32,392 shares during the last quarter. Finally, Osterweis Capital Management Inc. increased its holdings in CocaCola by 548.2% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,063 shares of the company’s stock worth $75,000 after buying an additional 899 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Company Profile

(Get Free Report)

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.