Coca-Cola Just Made a New All-Time High. Should You Wait for a Pullback Before Buying or Double Down in October?

Coca-Cola shares have reached record highs with a 35% rally in 2026, but the article advises waiting for a pullback rather than buying now. The stock's valuation metrics—including a trailing P/E ratio of 28 and price-to-sales ratio above 8—have reached unsustainable levels. While the company benefits from defensive positioning as investors seek safety, the limited upside (only 2% to analyst targets) and multi-year low dividend yield of 2.2% make it a less attractive entry point compared to other dividend stocks.