Coca-Cola (KO) shares have risen 26% year-to-date as of July 29, significantly outperforming the S&P 500 index's 9% gain. The beverage giant has also extended its status as a Dividend King by raising its payout for the 64th consecutive year. For the second quarter of 2026 (ended July 3), Coca-Cola reported net revenue of $13.4 billion and adjusted earnings per share (EPS) of $0.97, both exceeding Wall Street analyst estimates. The company's financial gains were notably propelled by the World Cup, and management has since upgraded its full-year adjusted EPS growth guidance to 9%-10%, a one percentage point increase from its previous forecast. The current dividend yield stands at 2.4%, compared to the S&P 500's 1.08%, supported by $6.9 billion in free cash flow over the last six months.