Coverage summary
Aardvark Labs Capital Research has covered The Coca-Cola Company (KO) since July 23, 2025. The company is in the Consumer Defensive sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published October 30, 2026. That report moved the rating from Hold to Underperform. The rating has changed 3 times since coverage began.
Translations: 5 in Chinese.
The Excel model for KO holds 22 quarters and 5 fiscal years of history and 10 quarters and 5 fiscal years of projections. It was last updated October 19, 2026.
Rating history
All KO reports
Recap: Q3 2026
The Second Half Beat Our Bear Case, but 2027 Now Carries Three Named Headwinds and the Stock Pays 27x for Them. Downgrading to Underperform.
Recap: Q2 2026
A Real Volume Quarter Priced for More: The Raised Guide Implies 3-5% Second-Half EPS Growth After 14% in the First. Downgrading to Hold.
Recap: Q1 2026
The Rebuild Delivered: Volume Grows 3% Across Every Operating Unit and the EPS Guide Is Raised to 8-9% — Maintaining Outperform
Recap: Q4 2025
The 2026 Guide Confirms the Currency Flip: Reported EPS Re-Accelerates to 7-8% and FCF Jumps to $12.2B, as Quincey Hands Off to Braun — Maintaining Outperform
Recap: Q3 2025
Volume Re-Inflects, 2026 Currency Flips to a Tailwind, and the Refranchising Journey Ends — Upgrading to Outperform
Recap: Q2 2025
All-Weather Strategy Delivers an Organic Beat, but Negative Volume and an FX Drag Keep the Compounder In Line — Initiating at Hold