Coca-Cola faces key IRS tax appeal, shares trade steadily on NYSE
23.06.2026 - 20:36:04 | ad-hoc-news.de
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 20:34.
Coca-Cola (US1912161007) enters a decisive week as it prepares to argue its longstanding tax case with the Internal Revenue Service before the U.S. Court of Appeals for the Eleventh Circuit in Miami, while its KO shares continue to trade on the NYSE around 80 dollars per share.
What the IRS dispute involves
The core of Coca-Cola's case is a transfer pricing dispute, where the IRS has alleged that the company understated its U.S. taxable income by shifting profits to foreign affiliates, leading to a proposed tax bill of roughly 20 billion dollars.
According to recent coverage, the hearings at the Eleventh Circuit are scheduled this week in Miami, marking the latest chapter in a multi-decade disagreement between the beverage group and the tax authority, after an earlier Tax Court ruling on approximately 6 billion dollars of liabilities went in the government's favor.
Analyst views and consensus on KO
Despite the legal overhang, Coca-Cola remains a widely held consumer staples name and has attracted a broad analyst following, with around three dozen analysts globally covering the KO shares and focusing on its earnings trajectory and cash generation.
According to analyst aggregation data, Coca-Cola carries a blended target price around the mid-80 dollar range per share, implying a mid-single-digit upside from recent trading levels near 80 dollars, while Morgan Stanley has reaffirmed the stock as a top beverage pick based on expectations of revenue growth and sales acceleration.
More news and analysis on the Coca-Cola shares
All current updates, rating changes and price data on the Coca-Cola shares can be found in the dedicated topic section on ad-hoc-news.de and in the company's Investor Relations material.
The business behind the stock
Coca-Cola generates the majority of its revenue from selling branded soft drinks and related beverages, with the classic Coca-Cola carbonated soft drink remaining its flagship product globally alongside Diet Coke, Coca-Cola Zero Sugar and a broad portfolio of water, juice and sports drink brands.
Where the KO shares trade today
The Coca-Cola shares (US1912161007) trade on 2026-06-23, 20:00 on the NYSE at around 80.12 dollars, with an intraday range between roughly 79.83 and 81.27 dollars and a market capitalization close to 345 billion dollars.
Key data on the Coca-Cola shares
- Company: The Coca-Cola Company
- ISIN: US1912161007
- WKN: 850663
- Ticker: KO
- Trading venue: NYSE
- Price (as of 2026-06-23, 20:00): 80.12 USD
- Market cap: 344.71 billion USD (as of 2026-06-23)
- Sector / industry: Consumer Staples / Beverages (Non-Alcoholic)
- Index membership: S&P 500
- Next earnings date: not officially scheduled
Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or any other form of financial guidance. All data are based on sources believed to be reliable but may be subject to change.
