Coca-Cola (KO) Ascends While Market Falls: Some Facts to Note

Coca-Cola (KO) closed at $89.35, up 1.2% and outperforming the S&P 500. The company projects Q3 EPS of $0.87 (+6.10% YoY) and full-year earnings of $3.29 per share (+9.67% YoY). However, the stock trades at a Forward P/E of 26.82, significantly above its industry average of 17.93, and carries a PEG ratio of 3.44 versus the industry average of 1.66. Coca-Cola holds a Zacks Rank of #3 (Hold).