By Coca-Cola stock split quick facts
- Most recent split: 7/27/2012 (2-for-1)
- First split: 4/25/1927 (technically a 1-for-1 stock dividend)
- Decades with most splits: 1960s and 1990s (3 splits each)
- Most common split ratio: 2-for-1
In honor of America’s 250th birthday, Coca-Cola (KO) published a sponsored feature in The Atlantic, making a bold yet plausible claim: The most American thing in your home may actually be your 6-pack of Coke.
It’s an argument rooted in the beverage giant’s remarkable history of staying power — and accessibility.
During the Great Depression, Coca-Cola kept its prices stable at 5 cents a bottle and continued spending on advertising even as other companies pulled back.
When World War II began, it built bottling plants overseas to fulfill company president Robert Woodruff’s promise that American servicemembers could find a Coke no matter where they were in the world. By the end of the war, U.S. soldiers had consumed more than 5 billion bottles.
And during the socially turbulent Vietnam War era, Coke produced its famous “Hilltop” commercial, featuring hundreds of young people singing in harmony, united by their love of soda. The song topped the charts and further embedded Coke in the cultural zeitgeist.
Through both changing times and tastes, Coca-Cola has demonstrated its staying power, and its focus on accessibility has remained constant.
That philosophy extends to Wall Street as well.
Coca-Cola has been publicly traded since 1919, making it one of the market’s most enduring stocks. It is also one of the best-known long-term value investments: Berkshire Hathaway, founded by famed value investor Warren Buffett, has owned shares since 1988.
In fact, Buffett’s affection for the company runs so deep that he once even described himself as “one-quarter Coca-Cola,” and Berkshire remains the company’s largest shareholder today.
Coca-Cola has split its stock multiple times over its century-plus tenure on Wall Street, transforming one share into many while helping keep share prices accessible to investors.
So how many times has Coca-Cola split its stock — and could another split be coming? Here’s a detailed look at Coke’s stock splits.
@brianneamartin DAY 4?Vintage vibes + ??All-American pride @Coca-Cola #allamerican #americangirl #4thofjulyphotoshoot #photoshootideas
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When was Coca-Cola’s last stock split?
It’s been more than a decade since Coca-Cola last split its stock. The last time it conducted a stock split was in 2012, when it split its shares 2-for-1. Shareholders of record as of July 27, 2012, received their additional shares on August 10, 2012.
At the time, the company had enjoyed years of growth, and its shares were trading around $75. Coca-Cola said the split would put its stock price in a range that was more attractive to investors — particularly individual investors — and potentially broaden the market for its shares.
Related: Where is Coca-Cola’s headquarters? All about its Atlanta, GA base
Fractional trading, or the ability to purchase a fraction of a share instead of a whole share, wouldn’t become widely available through major online brokerages, like Charles Schwab and Fidelity, and mobile trading platforms like Robinhood, until around 2019.
How many times has Coca-Cola split its stock?
Since Coca-Cola’s IPO on September 5, 1919, the company has split its shares 11 times.
Seven were 2-for-1 stock splits, which meant the number of shares outstanding doubled while share prices were cut in half.
Coca-Cola conducted two 3-for-1 stock splits, each of which tripled its outstanding share count while trimming its per-share share price to one-third of its previous level.
Related: How many employees does Coca-Cola have in 2026? Its workforce, locations, & layoffs explained
The company also conducted one 4-for-1 stock split, which quadrupled its share count while reducing the price of each share to one-quarter of its previous level.
And, in 1927, Coca-Cola instituted a 1-for-1 stock dividend, which meant that shareholders received one new share of KO for each one they already owned.
Coca-Cola’s stock split history
Record date | Split type | Cumulative shares |
|---|---|---|
7/27/12 | 2-for-1 stock split | 9,216 |
5/1/96 | 2-for-1 stock split | 4,608 |
5/1/92 | 2-for-1 stock split | 2,304 |
5/1/90 | 2-for-1 stock split | 1,152 |
6/16/86 | 3-for-1 stock split | 576 |
5/9/77 | 2-for-1 stock split | 192 |
5/13/68 | 2-for-1 stock split | 96 |
1/22/65 | 2-for-1 stock split | 48 |
1/22/60 | 3-for-1 stock split | 24 |
11/15/35 | 4-for-1 stock split | 8 |
4/25/27 | 1-for-1 stock dividend | 2 |
9/5/19 | IPO |
What would Coca-Cola’s stock be worth if it had never split?
Because Coca-Cola split its stock 11 times since it went public, if you had purchased one share of its stock on the day of the IPO, you would now be sitting on 9,216 shares.
As of Coca-Cola’s August 24, 2026, closing price of $91.99, one original share of the company from September 1919 would be worth approximately $847,779.84 today, excluding dividends.
More on Dow stocks:
- Does Walmart pay dividends? Its yield and payouts explained
- Is Boeing a good long-term investment? Its backlog explained
- IBM’s stock split history: Why Big Blue stopped splitting shares
Is Coca-Cola going to split its stock again?
Coca-Cola has not announced any plans for a future stock split; however, share prices have climbed into the $90s — significantly higher than they were when the company last split shares in 2012. Back then, KO was trading around $75.
That could make another stock split plausible — particularly given Coca-Cola’s history of keeping its shares accessible to individual investors. But management may see less need for one today, since fractional share trading allows individual investors to buy KO at virtually any price point.
Related: Does Coca-Cola pay dividends? Its yield and payout explained
