Coca-Cola Stock Is Having Its Best Year Since 1996. History Says That Hasn't Been a Signal to Sell.

Coca-Cola stock has surged 33% in 2026, its best year since 1996. Historical analysis shows the stock rose again the next year in 10 of 11 past instances of 30%-plus annual gains. However, earnings growth of only 8% has lagged the stock's 33% rise, causing valuation multiples to expand from 23x to 29x adjusted earnings. While existing shareholders shouldn't sell based on historical patterns, new investors should wait for either lower prices or additional earnings growth before buying.