Coca-Cola Stock Recently Hit a New All-Time High. Has It Gotten Too Expensive?

Coca-Cola stock has surged 25% in 2026, hitting all-time highs as investors seek safe-haven stocks. However, the analyst argues the stock is overvalued at 26x trailing earnings given its modest 5-6% organic growth rate. While the business is solid with a reliable 2.4% dividend yield, the current valuation doesn't justify buying at these levels.