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Coca-Cola’s Pricing Power Boosts Results as Shares Lag the S&P

Income investors point to a 63-year dividend growth streak with a roughly 3% yield.

Overview

  • Organic revenue rose 5% in Q2 2025 on price and mix, while unit volumes fell 1% and adjusted operating income increased 15%.
  • Shares are down more than 8% over the past year through Sept. 16, trailing the S&P 500’s 17.3% gain.
  • The company pays a $0.51 quarterly dividend and has raised the payout for 63 consecutive years, yielding about 3% as of mid-September.
  • Management cut smaller brands during a restructuring and continues to pursue global-scale acquisitions across an approximately 200-brand portfolio.
  • Reduced direct bottling exposure has helped support margins, with recent reports noting improvements in operating and profit metrics.