Coca-Cola (KO) surges 5.7% after Q1 results top expectations and 2026 profit outlook is raised

The Coca-Cola Company (KO) is up 5.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The stock appears to be reacting to a stronger-than-expected first-quarter 2026 report alongside updated full-year guidance. Investors likely focused on the company’s higher comparable EPS growth outlook for 2026 and signs that revenue growth management (pricing/pack/channel mix) is holding up.

Details:

The company reported first-quarter 2026 comparable EPS of $0.86 and reported EPS of $0.91, both up year over year.

Reported net revenues rose 12% and organic revenues rose 10% in the quarter, with consolidated unit case volume up 3%.

Management updated full-year 2026 comparable EPS (non-GAAP) growth guidance to 8%–9% (from 7%–8% previously) and reiterated organic revenue growth guidance of 4%–5%.

The release highlighted value share gains in total nonalcoholic ready-to-drink beverages and free cash flow of $1.8 billion for the quarter.

Sources:

The Coca-Cola Company (Investor Relations), Reuters, WTOP News

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$KO Insider Trading Activity

$KO insiders have traded $KO stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.

Here’s a breakdown of recent trading of $KO stock by insiders over the last 6 months:

JAMES QUINCEY (Chairman and CEO) has made 0 purchases and 3 sales selling 588,512 shares for an estimated $45,885,233.
JOHN MURPHY (President and CFO) has made 0 purchases and 2 sales selling 171,886 shares for an estimated $13,830,468.
MANUEL ARROYO (Executive Vice President) sold 139,689 shares for an estimated $9,890,609
BEATRIZ R PEREZ (Executive Vice President) has made 0 purchases and 3 sales selling 57,652 shares for an estimated $4,658,480.
NANCY QUAN (Executive Vice President) has made 0 purchases and 2 sales selling 55,181 shares for an estimated $4,123,551.
MONICA HOWARD DOUGLAS (Executive Vice President) has made 0 purchases and 2 sales selling 43,880 shares for an estimated $3,450,896.
HENRIQUE BRAUN (EVP & Chief Operating Officer) sold 40,390 shares for an estimated $2,864,915
BRUNO PIETRACCI sold 28,765 shares for an estimated $2,284,317

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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$KO Hedge Fund Activity

We have seen 1,559 institutional investors add shares of $KO stock to their portfolio, and 1,497 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 78,410,551 shares (-71.2%) from their portfolio in Q4 2025, for an estimated $5,481,681,620
JPMORGAN CHASE & CO removed 17,765,199 shares (-20.2%) from their portfolio in Q4 2025, for an estimated $1,241,965,062
CARDANO RISK MANAGEMENT B.V. removed 12,895,666 shares (-89.4%) from their portfolio in Q1 2026, for an estimated $975,105,784
MARSHALL WACE, LLP added 9,826,768 shares (+1206.9%) to their portfolio in Q4 2025, for an estimated $686,989,350
BANK OF AMERICA CORP /DE/ added 8,994,747 shares (+28.8%) to their portfolio in Q4 2025, for an estimated $628,822,762
WELLINGTON MANAGEMENT GROUP LLP removed 6,729,772 shares (-19.0%) from their portfolio in Q4 2025, for an estimated $470,478,360
CAPITAL WORLD INVESTORS added 6,246,627 shares (+98.7%) to their portfolio in Q4 2025, for an estimated $436,701,693

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$KO Government Contracts

We have seen $1,389,639 of award payments to $KO over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

4568136698!DIET COKE, 5 GL BIB, SODA: $184,788
4569356725!POWERADE MTN BLAST, 2.5 GL BIB, SODA: $10,026
4568561636!POWERADE MTN BLAST, 2.5 GL BIB, SODA: $9,864
4568530014!HI-C PINK LEMONADE, 5 GL BIB, SODA: $9,760

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$KO Congressional Stock Trading

Members of Congress have traded $KO stock 7 times in the past 6 months. Of those trades, 5 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $KO stock by members of Congress over the last 6 months:

SENATOR MARKWAYNE MULLIN purchased up to $50,000 on 12/29.
REPRESENTATIVE LLOYD DOGGETT purchased up to $15,000 on 12/15.
SENATOR SHELDON WHITEHOUSE purchased up to $15,000 on 11/21.
REPRESENTATIVE JULIA LETLOW purchased up to $15,000 on 11/03.
REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$KO Analyst Ratings

Wall Street analysts have issued reports on $KO in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Evercore ISI Group issued a "Outperform" rating on 02/11/2026
JP Morgan issued a "Overweight" rating on 02/11/2026
B of A Securities issued a "Buy" rating on 11/07/2025

To track analyst ratings and price targets for $KO, check out Quiver Quantitative's $KO forecast page.

$KO Price Targets

Multiple analysts have issued price targets for $KO recently. We have seen 10 analysts offer price targets for $KO in the last 6 months, with a median target of $86.5.

Here are some recent targets:

Peter Grom from UBS set a target price of $90.0 on 04/07/2026
Steve Powers from Deutsche Bank set a target price of $86.0 on 03/30/2026
Kaumil Gajrawala from Jefferies set a target price of $90.0 on 03/16/2026
Lauren Lieberman from Barclays set a target price of $70.0 on 02/12/2026
Robert Ottenstein from Evercore ISI Group set a target price of $85.0 on 02/11/2026
Filippo Falorni from Citigroup set a target price of $87.0 on 02/11/2026
Nik Modi from RBC Capital set a target price of $87.0 on 02/11/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.