Key Stats for Coca-Cola Stock
- Price change for Coca-Cola stock in last 6 months: 22%
- $KO Stock Price as of Oct. 15: $92
- 52-Week High: $94
- $KO Stock Price Target: $95
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What Happened?
Coca-Cola (KO) signed a deal on Thursday to become the beverage partner for KFC’s U.S. restaurants. KFC has 3,718 locations nationwide, and the move ends a partnership with PepsiCo that goes back about four decades.
Coca-Cola products will be available at KFC restaurants by spring 2027, according to The Wall Street Journal.
The Pepsi link to KFC dates back to PepsiCo’s ownership of the chain. PepsiCo spun it off in 1997 but stayed on as the drink partner.
A PepsiCo spokesperson said it just renewed deals with Taco Bell and KFC International. PepsiCo still serves drinks at Subway, Jersey Mike’s and Pizza Hut.
Coca-Cola already works with McDonald’s and Wendy’s.
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What the Market Is Telling Us About Coca-Cola Stock
For PepsiCo, this is negative news. Jay Woods of Freedom Capital Markets called it “a bad look” and said it could be the “optical straw that breaks the camel’s back.” His firm holds Coca-Cola shares.
PepsiCo is already under pressure. Its CEO said growth and margin recovery are taking longer than planned. Activist investor Elliott Investment Management is also pushing for changes.
The deal adds to a solid run for Coca-Cola stock. On the Q2 call, the company said organic revenue rose 6%, and volume rose 5%.
Comparable earnings per share were $0.97, up 11%, and free cash flow was about $6.9 billion.
Management also expects 2026 comparable EPS growth of 9% to 10%. It sees organic revenue growth of about 5%.
It also said it had gained both value and volume share in the quarter.
The financial terms are unknown, so the sales impact of the KFC deal is unclear.
Management also noted that Q2 got help from an easier comparison with last year, good weather, and the FIFA World Cup.
Still, winning a big name from a rival is a clear plus. For now, Coca-Cola stock looks to have momentum.
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So what is Coca-Cola stock actually worth?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
