Coca-Cola posts 10% organic revenue growth in Q1 but valuation limits dividend appeal.

Coca-Cola reported strong Q1 results with 10% organic revenue growth and 18% earnings per share growth, continuing its market share gains for the 20th straight quarter. Despite operational strength, the company's valuation has risen to 24–25 times forward earnings, pushing its dividend yield below 3%, which reduces its relative attractiveness for income-focused investors. The company raised guidance due to a lower tax rate, not because of faster operational growth, maintaining organic revenue growth guidance at 4–5%. The analyst remains neutral on Coca-Cola, favoring PepsiCo for its higher dividend yield and more attractive valuation in the current market environment.