Reading the tape
NYSE: KO
The Coca-Cola Company
Consumer Defensive · Beverages - Non-Alcoholic
Market Cap
$336.41B
52w High
$82.00
52w Low
$65.35
P/E
24.55
Volume
5.83M
Outstanding Shares
4.30B
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 12.42%Revenue (TTM): 5.11%P/FCF: 29th pct
What changed
The stock rose 12.42% over the last year. Revenue grew 5.11% over the trailing twelve months. Operating margin moved from 24.55% to 29.34%.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 29th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 29.34%. Revenue grew 5.11% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide.
CEOHenrique Braun
SectorConsumer Defensive
IndustryBeverages - Non-Alcoholic
Employees69,700
IPO dateSep 5, 1919
Valuation
Forward P/E—
EV/EBITDA17.97
Enterprise value$336.04B
Stock splits
Aug 13, 2012↑ Forward
Every 1 shares became 2
May 13, 1996↑ Forward
Every 1 shares became 2
May 12, 1992↑ Forward
Every 1 shares became 2
May 14, 1990↑ Forward
Every 1 shares became 2
Jul 1, 1986↑ Forward
Every 1 shares became 3
Jun 1, 1977↑ Forward
Every 1 shares became 2
Jun 3, 1968↑ Forward
Every 1 shares became 2
May 19, 1965↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth12.07%
Gross margin61.74%▲0.92%vs FY2024
Operating margin29.34%▲35.20%vs FY2024
ROE40.74%▼4.74%vs FY2024
Analyst consensus
RatingBuy
Target price$85.71▲9.62%
29
Buy
16
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 28, 2026
Q3 FY26 · EPS est $0.93 · Revenue est $13.17B
View
Dividends
$2.08/shareQuarterlyDividend Achiever · 23yrStretchedKO pays a dividend with a 2.66% declared yield, 23 consecutive years of growth, growing at 4.61% annually, covered 0.6× by free cash flow.
Declared Yield
2.66%
Annual Div / Share
$2.08
5yr CAGR
+4.61%
Doubles every ~15.4yr
Payout Ratio
80.07%
Stretched
Dividend Growth Rate
3yr CAGR
+4.94%
5yr CAGR
+4.61%
10yr CAGR
+4.34%
Dividend Safety
2/10Stretched
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$2.08+4.5%
2025$1.99+5.3%
2024$1.89+5.0%
2023$1.80+4.7%
2022$1.72+3.6%
2021$1.66+2.5%
2020$1.62+2.5%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$27/yr
$2/mo
In 5 yrs
$33/yr+25%
$3/mo
In 10 yrs
$42/yr+57%
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$27/yr $2/mo | $33/yr+25% $3/mo | $42/yr+57% $3/mo |
Yield-on-cost grows from 2.66% → 4.18% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
KO has raised its dividend for 23 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Risks to Watch
High payout ratio
With 80.07% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Dividend exceeds free cash flow
Free cash flow covers only 0.60× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.
Congressional Activity
Congress Trades in KO
STOCK Act disclosures from senators and representatives.
Lloyd Doggett
TXhouseDemocratPurchase2026-04-01$1,001 - $15,000+36d to disclose
Ro Khanna
CAhouseDemocratPurchase2026-03-30$15,001 - $50,000+10d to disclose
Markwayne Mullin
OKsenateRepublicanPurchaseJoint2025-12-29$15,001 - $50,000+17d to disclose