Coca-Cola shares closed Friday's session at $78.68, marking a modest decline of 0.4% ahead of the U.S. market holiday for Presidents Day. Trading will resume on Tuesday.
Investor attention is now directed toward the Consumer Analyst Group of New York (CAGNY) conference in Orlando. Incoming Chief Executive Officer Henrique Braun and Chief Financial Officer John Murphy are scheduled to speak on Tuesday morning. This presentation follows the company's recent earnings report, with analysts seeking further details on volume and pricing strategies for 2026.
Analysts have been adjusting their outlooks. Barclays increased its price target for Coca-Cola to $83 from $77, maintaining an Overweight rating on the stock.
The beverage giant has provided financial targets for 2026, projecting organic revenue growth in a range of 4% to 5%. It also aims for comparable earnings per share growth of 7% to 8%. These forecasts exclude impacts from currency fluctuations, mergers and acquisitions, and certain one-time items.
Braun, who is set to assume the CEO role at the end of March, has previously stressed the importance of moving closer to consumers and accelerating product launches. The company's outlook for 2026 has been characterized by some analysts as conservative but appropriate for the start of the year.
Other major beverage stocks, including PepsiCo, also traded lower in the previous session. Coca-Cola's presentation at CAGNY is expected to be a key market catalyst when trading resumes this week.
