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KO: The Coca-Cola Company

_Last updated 2026-10-30 09:00 ET from report. Screening/research, not investment advice._

Business

Beverages, mostly concentrate sold to bottlers (plus some consolidated bottling). TRAI sector: Consumer Staples; cluster 4 (PM, MO, KO, PEP, MDLZ, PG, KHC; avg ρ 0.567).

Catalysts, guidance & news

  • Next earnings: Tue 2026-10-27 BMO, call 8:30 ET (KO IR, 2026-09-29). TRAI gap risk: elevated (2 trading days as of 10-23).
  • FY26 guide (raised 2026-07-28): organic revenue ~5% (from 4–5%), comparable EPS +9–10%, FCF ~$12.4B. Q2: organic +6%, unit cases +5%, comparable EPS $0.97 (KO Q2 release).
  • Q3 consensus (secondary; three previews agree): EPS $0.88 ($0.881), revenue $12.90–12.93B, FY26 EPS ~$3.30 (MarketBeat; Hudson Labs, 2026-10-06; 24/7 via Yahoo, 2026-10-22). whiggity's ~$0.87 and its "6:55 AM" release time are not confirmed (consult item 2).
  • Bottler reads: Coca-Cola FEMSA (KOF) moved its Q3 release to Mon 10-26 BMO (KOF IR, 2026-10-21); CCEP updates Tue 11-03 (CCEP). KO sells concentrate and bottlers package and distribute (2025 10-K). Whether that shields KO from oil/packaging costs this quarter is unquantified.
  • 2026-10-23: kept WPP Open X ex-NA/Japan/Korea; Omnicom for North America (MT Newswires via Yahoo). Stock −2.77% (o→c −2.43%) with the sector.

TRAI data

  • Oct 22: +2.87%, residual z 2.71; fails liquidity (ATR% 1.67% < 2%), so not tradable in TRAI (/api/latest).
  • Last 4 prints: avg |gap| 3.82% (2.32 ATR), fill 0/4, continuation 25%; gaps +3.11, −1.72, +5.41, +5.03 (/api/events).
  • Top 60d ρ: PEP 0.66, PM 0.64, MDLZ 0.63, MCD 0.58, PG 0.57; core-semis avg −0.49 (/api/correlations).

Linkages / typical reaction (Yahoo daily, 19 prints 2022–2026, my calc)

  • KO print-day same-sign: PM 74%, PEP/KDP/MO/XLP 68%. PM's follow is mostly the XLP factor: after removing XLP/DXY/10y it drops to 53% (DXY + 10y alone: 79%). 3 of 19 dates were also PM print days (consult item 10; S-056). Bigger-than-normal moves only in PM (1.61% vs 1.11%) and MDLZ (1.37% vs 1.00%). Day-2 o→c mean +0.05% (no drift).

2026-10-30 09:00 update

  • Premarket ~+2.0% with the defensive staples rotation (TRAI 8:53).

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