KO

COCA COLA CO

Ticker: KOConsumer StaplesBeveragesS&P 500
HQ ATLANTA, GACIK 21344FY end 12-31Book / share $8.38Shares 4313M
Revenue (FY)
$47.94B+1.87%
TTM $50.13B
Op. margin
28.71%+7.47%
TTM 29.63%
Net income
$13.14B+23.36%
TTM $14.40B
Operating cash
$7.41B+8.86%
TTM $16.34B
Free cash flow
$5.30B+11.71%
TTM $14.30B
Return on equity
40.74%-2.03%
TTM 39.60%
Debt / equity
1.41-0.38%
TTM 1.20
Shares outstanding
4.3B-0.16%
TTM 4.3B

The business

The Coca-Cola Company (NYSE: KO) is a total beverage company that manufactures, distributes, and markets nonalcoholic beverages to consumers in more than 200 countries and territories worldwide. Founded in 1886 and incorporated in Delaware in 1919, the company operates through five reportable segments: EMEA, Latin America, North America, Asia Pacific, and Bottling Investments, along with Corporate operations providing strategic initiatives and platform services.

The company's portfolio encompasses numerous globally recognized brands across multiple beverage categories. Its sparkling soft drink portfolio includes Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Fanta, Sprite, and Thums Up. Water, sports, coffee, and tea brands include BODYARMOR, Costa, Dasani, Powerade, and glacéau smartwater. Juice and plant-based offerings feature Minute Maid, Simply, fairlife, and innocent. The company has also entered the alcohol beverage category in numerous markets outside the United States through a firewalled subsidiary.

The Coca-Cola system sold 33.8 billion unit cases in 2025, with sparkling soft drinks representing 69 percent of worldwide volume. Trademark Coca-Cola accounted for 47 percent of global unit case volume. The company serves approximately 2.2 billion servings daily worldwide. As of December 31, 2025, the company employed approximately 65,900 people globally, with roughly 8,900 in the United States.

The company operates through two primary business lines: concentrate operations, which generate revenues by selling beverage concentrates and syrups to independent bottling partners, and finished product operations, conducted primarily through consolidated bottling and distribution subsidiaries within the Bottling Investments segment. The company's distribution network includes independent bottling partners, distributors, wholesalers, and retailers, with five major bottling partners representing 44 percent of worldwide unit case volume in 2025.

Competitive strengths include leading brands with high consumer recognition, a worldwide bottling and distribution network, sophisticated marketing capabilities, and a talented workforce. The company competes against numerous global and regional beverage manufacturers, including PepsiCo, Nestlé, Keurig Dr Pepper, and various emerging microbrands. The company's website is www.coca-colacompany.com.

Sector
Consumer Staples
Industry
Beverages
HQ
ATLANTA, GA
FY end
12-31
CIK
21344
SIC
2080
Financial performance · annual
20132025
$-5.01B$10.03B$25.06B$40.10B$55.14B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds COCA COLA CO — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

1.2K
funds hold it
3 of 35
superinvestors hold it
$88.45B
fund-held value
25.6%
of shares held by funds
37
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.39%$8.88B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.49%$8.15B
iShares Core S&P 500 ETF
IVV · iShares Trust
0.49%$4.33B
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.47%$3.91B
State Street(R) SPDR(R) S&P 500(R) ETF Trust
SPY
0.49%$3.81B

Superinvestors in COCA COLA CO

Warren BuffettUNCHANGED
Berkshire Hathaway
10.9%
Chris BloomstranUNCHANGED
Semper Augustus Investments Group
0.1%
Tom RussoDECREASED -5.2%
Gardner Russo & Quinn
<0.1%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 37 issues of COCA COLA CO's debt, $1.92B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 2.75%, maturing 20272064.

IssueCouponMaturesFundsFund-held
KO 1.65 06/01/301.650%2030-06-0154$171.40M
COCA-COLA CO/THE2.250%2032-01-0547$154.50M
KO 5.4 05/13/645.400%2064-05-1355$120.48M
Coca-Cola Co/The1.000%2028-03-1549$120.24M
KO 1.375 03/15/311.380%2031-03-1548$117.10M
KO 5.2 01/14/555.200%2055-01-1450$115.78M
Coca-Cola Co/The1.450%2027-06-0136$106.15M
COCA-COLA CO/THE4.650%2034-08-1451$100.06M
KO 2.5 03/15/512.500%2051-03-1548$92.38M
Coca-Cola Co/The5.000%2034-05-1352$83.48M

The 10 largest by fund-held value, of 37.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of COCA COLA CO's financials

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