The Coca-Cola Company (KO) Stock Price & Analysis

The Coca-Cola Company (KO) closed at USD 92.71 on Friday, October 23, 2026, down 2.76% on the day. The US market is currently closed; this is not a live price.

The prior close was USD 95.34; the Oct 23, 2026 session ranged USD 92.64–95.03 on volume of 18,882,560 shares. Market capitalization is $398.89B, with a 52-week range of USD 67.27–95.37 (NYQ). Source: Nexqual, retrieved October 26, 2026 at 00:52 UTC.

Also available as compact Markdown for AI agents: nexqual.com/KO.md

Key facts (KO)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (KO)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$38.7B$43.0B$45.8B$47.1B$47.9B$50.1B
Gross profit$23.3B$25.0B$27.2B$28.7B$29.5B—
Operating income$10.3B$10.9B$11.3B$9.99B$13.8B$14.9B
Net income$9.77B$9.54B$10.7B$10.6B$13.1B$14.3B
EPS (diluted)$2.25$2.19$2.47$2.46$3.04—
Free cash flow$11.3B$9.53B$9.75B$4.74B$5.30B$14.3B
Gross margin60.3%58.1%59.5%61.1%61.6%—
Operating margin26.7%25.4%24.7%21.2%28.7%29.6%
Net margin25.3%22.2%23.4%22.6%27.3%28.6%
Revenue growth+17.1%+11.3%+6.4%+2.9%+1.9%—
Cash + short-term investments$10.9B$10.6B$12.4B$12.8B$13.9B—
Total debt$39.5B$36.8B$37.5B$43.5B$43.9B—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jul 3, 2026) (KO)

P/E 27.9x · P/S 8.0x · EV/EBITDA 27.0x · EV/Sales 8.6x · P/FCF 27.9x · P/B 11.0x · FCF yield 3.58% · Earnings yield 3.59% · Dividend yield (paid, TTM) 2.77% · Buyback yield (TTM) 0.23% · Net debt $30.0B · EV $429B

P/E at fiscal year-ends: Dec 2025 23.0x, Dec 2024 25.3x, Dec 2023 23.9x.

Superinvestors (SEC 13F-HR, Q2 2026) (KO)

9 of 80 tracked investors hold KO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChange
Warren BuffettBerkshire Hathaway10.86%$32.5BUnchanged
Yacktman Asset Management2.14%$173MAdded +1.4%
Lee AinslieMaverick Capital1.47%$163MAdded +56.2%
Jensen Investment Management0.22%$9.1MAdded +0.0%
Christopher BloomstranSemper Augustus0.14%$1.2MUnchanged
Lindsell Train0.04%$975KUnchanged
Mairs & PowerMairs & Power Funds0.02%$1.9MAdded +0.7%
Thomas RussoGardner Russo & Quinn0.01%$1.0MReduced -5.2%
Dodge & Cox FundsDodge & Cox<0.01%$2.0MUnchanged

Insider sales (SEC Form 4, open-market, last ~7 months) (KO)

7 of 14 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-08-20Pietracci Bruno111,365$10.1M71.4%NoToo little history (no open-market trades in 2023)
2026-08-19Quan NancyExecutive Vice President50,000$4.5M17.9%NoRoutine (sold in May each year 2023–2025; this trade is outside those months)
2026-08-10Ray Sanket9,958$861K13.8%NoToo little history (no open-market trades in 2023–2025)
2026-08-06Ortega Luisa55,755$4.8M64.7%NoToo little history (no open-market trades in 2023–2025)
2026-07-31Murphy JohnPresident and CFO152,483$13.3M35%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-07-28…2026-07-29Quincey JamesChairman527,087$47.5M80%YesRoutine (sold in Feb each year 2023–2025; this trade is outside those months)
2026-07-28Pietracci Bruno75,727$6.8M62.9%YesToo little history (no open-market trades in 2023)
2026-06-10Mann Jennifer KExecutive Vice President23,984$2.0M12.6%YesToo little history (no open-market trades in 2023 or 2025)
2026-06-09Mann Jennifer KExecutive Vice President100,000$8.1M34.5%YesToo little history (no open-market trades in 2023 or 2025)
2026-06-08Mann Jennifer KExecutive Vice President100,000$7.9M31.7%YesToo little history (no open-market trades in 2023 or 2025)
2026-06-05Mann Jennifer KExecutive Vice President100,000$7.9M31.7%YesToo little history (no open-market trades in 2023 or 2025)
2026-06-04…2026-06-05Quincey JamesChairman444,296$35.6M77.1%YesRoutine (sold in Feb each year 2023–2025; this trade is outside those months)
2026-05-15Quan NancyExecutive Vice President31,625$2.6M12.1%NoRoutine (sold in May each year 2023–2025)
2026-05-07Quincey JamesChairman200,000$15.8M60.3%NoRoutine (sold in Feb each year 2023–2025; this trade is outside those months)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (KO)

Consensus Buy (mean 2.00 on a 1–5 scale), 25 analysts; mean target USD 95.33 (low 80, high 104).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-16BarclaysTarget raisedOverweight$93 → $98
2026-10-14CitigroupTarget raisedBuy$100 → $102
2026-10-05Wells FargoTarget loweredOverweight$95 → $90
2026-09-28JP MorganTarget loweredOverweight$96 → $95
2026-07-30Argus ResearchTarget raisedBuy$91 → $97
2026-07-30BarclaysTarget raisedOverweight$91 → $93
2026-07-29JP MorganTarget raisedOverweight$90 → $96
2026-07-29TD CowenTarget raisedBuy$90 → $100
2026-07-29Piper SandlerTarget raisedOverweight$88 → $95
2026-07-29Wells FargoTarget raisedOverweight$90 → $95
2026-07-29RBC CapitalTarget raisedOutperform$87 → $96
2026-07-29JefferiesTarget raisedBuy$95 → $104

Total return (dividends reinvested) (KO)

1Y (from 2025-10-24)5Y (from 2021-10-25)
Total return+36.5%+90.4%
S&P 500 (SPY)+13.4%+76.9%
Per year+36.7%+13.8%
Volatility (annualized)18.9%16.6%
Max drawdown-7.9% (Feb 2026→Apr 2026)-16.3% (Apr 2023→Oct 2023)

KO revenue by business segment (quarter ended Jul 3, 2026)

LineRevenueShare of totalYoY
North America$5.41B40.4%+7.5%
EMEA$3.24B24.2%+2.0%
Latin America$1.84B13.7%+15.9%
Asia Pacific$1.58B11.8%+0.6%
Bottling investments$1.53B11.4%+8.2%
Total revenue$13.38B100%—

KO revenue by product line (quarter ended Jul 3, 2026)

LineRevenueShare of totalYoY
Concentrate operations$8.15B60.9%+6.9%
Finished product operations$5.23B39.1%+6.4%
Total revenue$13.38B100%—

KO revenue by region (quarter ended Jul 3, 2026)

LineRevenueShare of totalYoY
Non-US$8.12B60.7%+6.8%
UNITED STATES$5.26B39.3%+6.6%
Total revenue$13.38B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

KO suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
SupplierCosta“Costa purchases Rainforest Alliance Certified and other certified green coffee through multiple suppliers, enabling us to source from alternative suppliers as changing weather patterns impact yields in some geographies.”
PartnerCOCA-COLA EUROPACIFIC PARTNERS plc (CCEP)“•Coca-Cola Europacific Partners plc ("CCEP"), which has bottling and distribution operations in Andorra, Australia, Belgium, continental France, Germany, Great Britain, Iceland, Indonesia, Luxembourg, Monaco, the Netherlands, New Zealand and the Pacific Islands, Norway, Papua New Guinea, the Philippines, Portugal, Spain and Sweden;”
PartnerSales & Services Company“Among other things, CCBSS provides procurement services to our North American operations and to our U.S. and Canadian bottling partners for the purchase of various goods and services, including HFCS.”
PartnerCompany and Monster Beverage“If we are unable to successfully manage our relationships with our joint venture partners or our strategic relationships, including our relationship with Monster, or if for any other reason we fail to realize all or a significant portion of the benefits we expect from our joint ventures or strategic relationships, our financial performance could be adversely affected.”
PartnerCoca-Cola Consolidated, Inc. (COKE)“The Company recognized a gain of $1,952 million related to the sale of our ownership interest in Coca-Cola Consolidated, Inc. ("Coke Consolidated"), an equity method investee, a net gain of $409 million related to realized and unrealized gains and losses on equity securities and trading debt securities as well as realized gains and losses on available-for-sale debt securities, a gain of $331 million related to the…”
CompetitorPepsiCo (PEP)“In many of the countries in which we do business, PepsiCo, Inc. is a primary competitor.”

Quoted from the company's 10-K filed Feb 20, 2026.

Companies that name KO in their SEC reports

Relationship to KOCompanyFilingSentence
partnerInnovation Beverage Group Ltd (IBG)20-F Sep 17, 2026“key component of our business is our arrangement with Coca-Cola Europacific Partners ("CCEP") to exclusively manufacture the”
partnerDIAGEO PLC (DEO)20-F Aug 18, 2026“Coca-Cola Europacific Partners;”
competitorMEXICAN ECONOMIC DEVELOPMENT INC (FMX)20-F Apr 24, 2026“Coca-Cola FEMSA is also required to meet all of its supply needs (including sweeteners and packaging materials) from suppliers approved by TCCC.”
customerCOCA COLA FEMSA SAB DE CV (KOF)20-F Apr 16, 2026“We depend on The Coca-Cola Company to continue with our bottler agreements.”
supplierGRUPO FINANCIERO GALICIA SA (GGAL)20-F Apr 16, 2026“Within this framework, in 2025 Banco Galicia launched a Minimum Viable Product (MVP) with Coca-Cola, designed to finance approximately 10,000 businesses, with a potential customer base exceeding 40,000.”
partnerANDINA BOTTLING CO INC (AKO-B)20-F Apr 1, 2026“In 1946, the original licensee withdrew from the license arrangement and a group of U.S. and Chilean investors formed Andina, which became The Coca-Cola Company's sole licensee in Chile.”
partnerHouse of Doge Inc. (HODO)10-K Mar 31, 2026“Loyalty Cup," a Brag House tournament, in 2021 in collaboration with McDonald's and Coca-Cola, where college students from”
competitorOatly Group AB (OTLY)20-F Mar 13, 2026“Our competitors include consumer packaged goods companies such as Danone, PepsiCo and Coca-Cola, dairy companies and brands, such as Lactalis, Fonterra, Arla Foods, Chobani, Dean Foods and Lactaid (owned by Johnson & Johnson), plant-based dairy companies, such as Blue Diamond Growers, Califia Farms, Planet Oat, Ripple Foods, Oatside and Ecotone, new market entrants building lab-based products and private-label bra…”
partnerUnited Parks & Resorts Inc. (PRKS)10-K Mar 3, 2026“Some of our corporate sponsors, such as our partners at Coca-Cola, also join us in making an impact on conservation efforts through contributions to the non-profit SeaWorld & Busch Gardens Conservation Fund.”
partnerAnheuser-Busch InBev SA/NV (BUD)20-F Mar 3, 2026“In partnership with the Coca-Cola Company, Colgate Palmolive, Danone, Mondelēz and Unilever, the 100+ Accelerator has worked with 190 startups from 40 countries.”
competitorAMBEV S.A. (ABEV)20-F Mar 3, 2026“In addition to The Coca-Cola Company, we face competition from small regional bottlers that produce”
partnerGRAPHIC PACKAGING HOLDING CO (GPK)10-K Mar 2, 2026“Prior to working in the Coca-Cola system, Mr. Lischer held various roles with Deloitte, most recently serving as a National Office Partner.”
competitorCelsius Holdings, Inc. (CELH)10-K Mar 2, 2026“Our direct competitors in the functional energy drink sector include but are not limited to Monster Beverage Corporation, Red Bull GmbH, The Coca-Cola Company, Pepsi, Keurig Dr Pepper Inc., Nestlé S.A., BlueTriton Brands, Starbucks Corporation, Congo Brands and Molson Coors.”
partnerMonster Beverage Corp (MNST)10-K Feb 27, 2026“New England, Inc., Swire Pacific Holdings, Inc. (USA), Liberty Coca-Cola Beverages, LLC, Coca-Cola Europacific Partners, Coca-Cola Hellenic, Coca-Cola FEMSA, Swire Coca-Cola (China), COFCO Coca-Cola, Coca-Cola Beverages Africa, Coca-Cola İçecek and certain other TCCC network bottlers, Asahi Soft Drinks, Co., Ltd., Wal-Mart, Inc. (including Sam's Club), Costco Wholesale Corporation and Amazon.com, Inc.”
supplierCROWN HOLDINGS, INC. (CCK)10-K Feb 27, 2026“The Company's largest beverage can customers consist of many of the leading manufacturers and marketers of packaged consumer products in the world, including Anheuser-Busch InBev, Coca-Cola, Heineken, Keurig Dr Pepper, Molson Coors, Pepsi-Cola, and Refresco, among others.”

KO customer concentration

In the period ended Dec 31, 2025, a single direct customer accounted for 10% of revenue, per the company's 10-K filed Feb 20, 2026. The company does not name it.

KO analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$0.88$0.88+0.5%$12.93B18
Next quarter (ends Dec 2026)$0.60$0.60-0.1%$11.08B18
Current fiscal year (ends Dec 2026)$3.31$3.27+1.2%$49.83B25
Next fiscal year (ends Dec 2027)$3.53$3.48+1.2%$49.77B25

KO options: expected move

Options price a move of about ±3.3% (±$3.05) by Oct 30, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±3.3% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 2026529.6%±3.3%
Nov 6, 20261225.0%±3.9%
Nov 13, 20261923.4%±4.5%
Nov 20, 20262622.0%±4.8%
Nov 27, 20263320.8%±5.2%
Dec 4, 20264021.0%±5.9%
Dec 18, 20265421.1%±6.6%
Jan 15, 20278220.5%±7.9%

30-day implied volatility 21.4% vs 19.5% realized over the last 30 trading days. Put/call ratio (volume) 0.85. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 26, 2026 at 00:52 UTC)

PriceUSD 92.71
Change▼ 2.76% (down)
Previous CloseUSD 95.34
OpenUSD 95.01
Day RangeUSD 92.64 – 95.03
52-Week RangeUSD 67.27 – 95.37
Volume18,882,560 shares
Market Cap$398.89B
ExchangeNYQ

Technical Analysis (KO)

Nexqual's technical model rates KO "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 26, 2026 at 00:52 UTC.

Overall SignalSTRONG BUY
RSI (14)59.56 (neutral)
vs SMA50Above (USD 89.1)
MACD1.64 (positive)

Analyst Ratings (KO)

Wall Street analysts rate KO "Buy" based on 25 analysts, with a mean price target of USD 95.33 (range USD 80–104), per Nexqual as of October 26, 2026 at 00:52 UTC.

Consensus RatingBuy
Analyst Count25
Mean TargetUSD 95.33
High TargetUSD 104
Low TargetUSD 80
Buy / Hold / Sell20 / 4 / 1

Earnings (KO)

Next Earnings Date2026-10-27
EPS EstimateUSD 0.88
Revenue Estimate$12.93B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 0.97 vs est 0.93 ▲ beat
2026-03-31USD 0.86 vs est 0.81 ▲ beat
2025-12-31USD 0.58 vs est 0.56 ▲ beat
2025-09-30USD 0.82 vs est 0.78 ▲ beat

Source: Nexqual, October 26, 2026 at 00:52 UTC.

Financials & Fundamentals (KO)

Total Revenue$50.13B
Revenue Growth (latest quarter, YoY)+6.70%
Gross Margin+61.89%
Operating Margin+34.87%
Profit Margin+28.56%
ROE+42.05%
Debt / Equity1.16
Current Ratio1.31
Total Cash$16.37B
Total Debt$44.26B
Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K)$14.30B (28.5% of revenue)

Source: Nexqual, October 26, 2026 at 00:52 UTC.

Financial Health Score (KO)

Nexqual rates The Coca-Cola Company's overall financial health "Solid" across five dimensions, as of October 26, 2026 at 00:52 UTC.

GrowthMixed — Revenue +2.5% YoY (annual), slow
ProfitabilityStrong — Gross margin 62%, operating 35% (last 12 months)
Balance SheetMixed — $13.5B cash and investments vs $43.5B debt (Jul 2026, SEC)
Cash FlowStrong — FCF $14.3B (last 4 quarters to Jul 2026, SEC), 29% margin
EfficiencyStrong — ROE 42%, ROA 9.4%

Ownership (KO)

Insider Ownership+9.90%
Institutional Ownership+68.24%
Shares Outstanding4.30B
Float3.87B
Short % of Float+1.24%

Source: Nexqual, October 26, 2026 at 00:52 UTC.

Leadership (KO)

The Coca-Cola Company is led by Henrique Braun, CEO & Director, per Nexqual as of October 26, 2026 at 00:52 UTC.

CEO & DirectorHenrique Braun
Executive ChairmanJames Robert B. Quincey
President & CFOJohn Murphy
EVP, Chief Marketing & Customer Commercial OfficerManuel Arroyo Prieto

Major Backers & Investors (KO)

Notable institutional backers of The Coca-Cola Company include Berkshire Hathaway, FMR, LLC, Morgan Stanley, according to Nexqual as of October 26, 2026 at 00:52 UTC.

Active Investors

InvestorStake
Berkshire Hathaway9.3%
FMR, LLC2.54%
Morgan Stanley2.09%
Charles Schwab Investment Management, Inc.1.88%
JPMorgan1.29%
Fidelity1.17%

Index Funds (Passive)

FundStake
Vanguard Group7.87%
BlackRock7.5%
State Street3.89%
Geode Capital2.46%

Source: Nexqual, October 26, 2026 at 00:52 UTC.

From The Coca-Cola Company's Latest SEC 10-K Filing (filed 2026-02-20)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
PEPPepsico, Inc.USD 135.77▼ 2.2%
MNSTMonster Beverage CorporationUSD 46.19▼ 2.35%
CCEPCoca-Cola Europacific Partners USD 110.84▼ 2.97%
KDPKeurig Dr Pepper Inc.USD 34.68▼ 1.45%
COKECoca-Cola Consolidated, Inc.USD 203.31▼ 5.41%
CELHCelsius Holdings, Inc.USD 28.47▲ 0.39%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 26, 2026 at 00:52 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt