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Coca-Cola
(NYSE:KO)
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Rating:80Outperform
Price Target:
$107.00
▲(16.76% Upside)
Action:Reiterated
Date:10/27/26
The score is driven primarily by strong underlying financial quality (durable margins and solid cash generation) and a constructive technical setup with broad trend support. Raised guidance and positive earnings-call momentum further support the outlook, while the main restraint is a premium valuation and balance-sheet leverage/near-term headwinds (destocking/calendar effects, CCBA divestiture impacts, and legal/tax uncertainty).
Positive Factors
Global brand and partner model
Coca-Cola combines globally recognized brands with a bottling-partner network that handles much of manufacturing and distribution. This model supports broad availability while limiting the company’s direct operating burden, helping preserve scalability and durable profitability across markets.
Negative Factors
Elevated leverage
Coca-Cola’s elevated debt relative to equity creates a lasting constraint on financial flexibility, even though leverage has improved and the business remains stable. Higher leverage can increase sensitivity to interest costs and reduce room for acquisitions, investment, or shareholder returns during weaker periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Global brand and partner model
Coca-Cola combines globally recognized brands with a bottling-partner network that handles much of manufacturing and distribution. This model supports broad availability while limiting the company’s direct operating burden, helping preserve scalability and durable profitability across markets.
Read all positive factors
Coca-Cola Key Performance Indicators (KPIs)
Any
Revenue by Segment
Analyzes income from different business units, highlighting which product lines or services are driving sales and where there might be opportunities or challenges.
Analyzes income from different business units, highlighting which product lines or services are driving sales and where there might be opportunities or challenges.
Data provided by:
The Fly
The FlyCoca-Cola (KO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$392.31B
Dividend Yield2.3%
Average Volume (3M)16.56M
Price to Earnings (P/E)26.8
Beta (1Y)0.10
Revenue Growth7.42%
EPS Growth17.58%
CountryUS
Employees65,900
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)3.40
Shares Outstanding4,302,549,300
10 Day Avg. Volume17,716,820
30 Day Avg. Volume16,564,576
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)9.35
Price to Sales (P/S)6.27
P/FCF Ratio56.80
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue7.77
Enterprise Value/Gross Profit12.47
Enterprise Value/Ebitda19.42
Forecast
1Y Price Target
$98.71Price Target Upside7.71% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering18
EPS Forecast (FY)3.33
Revenue Forecast (FY)$50.17B
Coca-Cola Business Overview & Revenue Model
Company Description
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;...
How the Company Makes Money
The Coca-Cola Company makes money primarily by selling beverage concentrates, syrups, and beverage bases to bottlers and other partners, who then produce and distribute finished beverages. A significant portion of revenue comes from concentrate op...
Coca-Cola Earnings Call Summary
Earnings Call Date:Oct 27, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 16, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. Highlights significantly outweighed the challenges, with 5% unit case growth, 7% organic revenue growth, consecutive global value share gains, margin expansion, double-digit comparable earnings-per-share growth, strong free cash flow, and raised 2026 guidance. Management nevertheless acknowledged uneven market conditions, cost pressures, unfavorable mix, regional share and volume challenges, destocking, calendar effects, and pending legal and divestiture-related items.Positive Updates
Strong Third-Quarter Volume and Organic Revenue Growth
Third-quarter unit case volume grew 5% and organic revenue grew 7%. The company said the results reflected continued momentum across more markets and categories.
Negative Updates
Uneven Global Operating Environment
Geopolitical disruptions affect several parts of the world, cost pressures have accelerated, and the company said these conditions are affecting many consumers.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter Volume and Organic Revenue Growth
Third-quarter unit case volume grew 5% and organic revenue grew 7%. The company said the results reflected continued momentum across more markets and categories.
Read all positive updates
Company Guidance
For full year 2026, Coca-Cola now expects organic revenue growth of at least 5%, comparable currency-neutral earnings per share growth, excluding acquisitions and divestitures, of at least 9%, comparable earnings per share growth of at least 11% versus $3 in 2025, and at least $13 billion of free cash flow; divestitures are expected to be an approximate 2% headwind to comparable net revenues and an approximate 1% headwind to comparable earnings per share, while currency is expected to provide an approximate 1-point tailwind to comparable net revenues and an approximate three-point tailwind to comparable earnings per share, with an underlying effective tax rate of 19.7%. For the fourth quarter, the company expects six fewer days, slight destocking, a four-point headwind to comparable net revenues, a three-point headwind to comparable earnings per share, and slight margin benefits following the anticipated refranchising of CCBA. For 2027, it is too early to provide specific guidance, but the company expects consumer behavior to remain largely unchanged, targets 2-3 points volume and 2-3 points price mix, expects modest expansion in underlying gross margin, an eight-point headwind to comparable net revenues and a two-point headwind to comparable earnings per share from the anticipated refranchising of CCBA, and, based on current rates and hedge positions, a slight headwind to both comparable net revenues and comparable earnings per share.Coca-Cola Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.05B | 47.94B | 47.06B | 45.75B | 43.00B | 38.66B |
| Gross Profit | 31.82B | 29.54B | 28.74B | 27.23B | 25.00B | 23.30B |
| EBITDA | 20.43B | 18.70B | 15.82B | 15.61B | 13.83B | 15.47B |
| Net Income | 14.63B | 13.11B | 10.63B | 10.71B | 9.54B | 9.77B |
Balance Sheet | ||||||
| Total Assets | 107.95B | 104.82B | 100.55B | 97.70B | 92.76B | 94.35B |
| Cash, Cash Equivalents and Short-Term Investments | 16.59B | 13.87B | 14.57B | 13.66B | 11.63B | 12.63B |
| Total Debt | 41.62B | 47.21B | 45.73B | 43.43B | 40.60B | 44.54B |
| Total Liabilities | 68.42B | 70.54B | 74.18B | 70.22B | 66.94B | 69.49B |
| Stockholders Equity | 37.37B | 32.17B | 24.86B | 25.94B | 24.11B | 23.00B |
Cash Flow | ||||||
| Free Cash Flow | 14.28B | 5.30B | 4.74B | 9.75B | 9.53B | 11.26B |
| Operating Cash Flow | 16.23B | 7.41B | 6.80B | 11.60B | 11.02B | 12.63B |
| Investing Cash Flow | 1.46B | -67.00M | 2.52B | -3.35B | -763.00M | -2.77B |
| Financing Cash Flow | -16.94B | -8.14B | -6.91B | -8.31B | -10.25B | -6.79B |
Coca-Cola Technical Analysis
Positive
91.64
Price Trends
89.08
Positive
86.05
Positive
81.04
Positive
Market Momentum
1.44
Negative
53.22
Neutral
35.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KO, the sentiment is Positive. The current price of 91.64 is above the 20-day moving average (MA) of 90.06, above the 50-day MA of 89.08, and above the 200-day MA of 81.04, indicating a bullish trend. The MACD of 1.44 indicates Negative momentum. The RSI at 53.22 is Neutral, neither overbought nor oversold. The STOCH value of 35.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KO.
Coca-Cola Risk Analysis
Coca-Cola disclosed 42 risk factors in its most recent earnings report. Coca-Cola reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Coca-Cola Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $392.31B | 26.82 | 42.00% | 2.30% | 7.42% | 17.58% | |
79 Outperform | $89.02B | 42.17 | 24.96% | ― | 20.37% | 34.79% | |
71 Outperform | $3.27B | 18.80 | 32.60% | 10.44% | -1.80% | -5.87% | |
70 Outperform | $181.93B | 17.02 | 50.62% | 4.35% | 6.36% | 51.39% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | $47.44B | 35.07 | 5.64% | 2.64% | 27.48% | -12.53% | |
58 Neutral | $7.08B | 133.33 | 4.36% | ― | 82.86% | -35.81% |
* Consumer Defensive Sector Average
KO
Coca-Cola
91.18
24.60
36.95%
KDP
Keurig Dr Pepper
34.86
8.55
32.49%
MNST
Monster Beverage
45.44
12.16
36.54%
FIZZ
National Beverage
34.96
5.61
19.12%
PEP
PepsiCo
133.50
-6.97
-4.96%
CELH
Celsius Holdings
28.00
-33.38
-54.38%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.