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The Coca-Cola Company
Dow 30 S&P 500
$355.5B
Market Cap
23.0
P/E
3.34
PEG
14.4%
ROCE
43.3%
ROE
1.27
D/E
28.7%
OPM
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🌏 Global Investor Returns
Currency-adjusted total returns for KO including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

The Coca-Cola Company, a beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally.

Key Ratios Snapshot
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📈 Growth Pattern
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⭐ Superinvestors Holding KO
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Manager Shares Value % of Fund Period
Warren Buffett Berkshire Hathaway Inc 282.72M $21.5B 8.17% Mar 2026
Warren Buffett Berkshire Hathaway Inc 80.28M $6.1B 2.32% Mar 2026
Warren Buffett Berkshire Hathaway Inc 14.99M $1.1B 0.43% Mar 2026
Warren Buffett Berkshire Hathaway Inc 14.41M $1.1B 0.42% Mar 2026
Warren Buffett Berkshire Hathaway Inc 3.55M $270.1M 0.10% Mar 2026
Steve Cohen Point72 Asset Management 2.62M $199.4M 0.26% Mar 2026
Warren Buffett Berkshire Hathaway Inc 1.82M $138.7M 0.05% Mar 2026
Warren Buffett Berkshire Hathaway Inc 960.0K $73.0M 0.03% Mar 2026
Warren Buffett Berkshire Hathaway Inc 800.0K $60.8M 0.02% Mar 2026
Warren Buffett Berkshire Hathaway Inc 371.5K $28.3M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Mixed → Stable 4 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q1 2026
Revenue
$12.5B
+12% YoY
Comparable EPS
$0.86
+18% YoY
Comparable Operating Margin
34.5%
+0.7pp YoY
Free Cash Flow
$1.8B
increase vs prior year
What Went Right
  • Global unit case volume grew 3% with gains across all segments.
  • 20th consecutive quarter of overall value share gains.
  • Comparable EPS grew 18% driven by margin expansion and currency tailwinds.
What to Watch
  • Price/mix of 2% was subdued due to Easter timing and unfavorable category mix in North America.
  • Asia Pacific profit declined driven by commodity headwinds in tea/coffee and inventory phasing.
  • Middle East conflict impacted March volumes and adds geopolitical uncertainty.
Management Guidance
  • Organic revenue growth of 4%-5% for full year 2026.
  • Comparable currency neutral EPS growth of 6%-7% (ex-acquisitions/divestitures).
  • Comparable EPS growth of 8%-9% vs $3.00 in 2025; concentrate shipments to lag unit cases by ~2 points in Q2.
Investor Lens
The thesis is stronger after this call. Coca-Cola delivered balanced top-line growth with volume up 3%, gained value share globally, and raised full-year EPS guidance. Margin expansion and strong free cash flow support capital return optionality. However, commodity pressures in tea/coffee and the Middle East conflict warrant monitoring as they could temper momentum in the coming quarters.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Solid quarter with volume and share gains; guidance raised.
Revenue
Net revenues grew 12% to $12.5 billion, with organic revenues up 10%. Growth was broad-based across all geographic segments; North America revenue rose 12%, EMEA 13%, Asia Pacific 6%.
Profitability
Comparable EPS grew 18% to $0.86, benefiting from operating leverage, higher equity income, and currency tailwinds. Net income was not explicitly stated, but reported EPS of $0.91 also rose 18%.
Margins
Comparable operating margin expanded 70 bps to 34.5%, driven by organic revenue growth and operating expense efficiencies, partly offset by higher input costs and marketing investments. Gross margin declined ~30 bps due to commodity pressures and inventory phasing.
Balance Sheet
Free cash flow was approximately $1.8 billion, up year-over-year. Net debt leverage remained low at 1.6x EBITDA, below the target range of 2x-2.5x, providing flexibility for reinvestment and shareholder returns.
Key Risks
Management flagged commodity headwinds in tea and coffee, the ongoing Middle East conflict impacting March volumes, and the fluid geopolitical environment as key risks. Analysts also raised concerns about North America price/mix softness and the sustainability of Asia Pacific margin recovery.
Outlook
Full-year 2026 guidance was updated: organic revenue growth 4%-5%, comparable EPS growth of 8%-9%. Management expects concentrate shipments to lag unit cases by ~2 points in Q2 and sees opportunity for further margin expansion in the second half pending the CCBA sale closure.
Generated by AI · Q1 2026 results · Not investment advice
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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