KO

LONGINSIDER SELL

COCA COLA CO

Funds

Score

6.00

vs SPY

-12.4%

Stock return (since Q-end)

+3.9%

SPY return (since Q-end)

+16.3%

Current price

$79.01

News Summary

Neutral

Coca-Cola delivered a fourth consecutive earnings beat in Q1 2026 (EPS $0.86 vs. $0.81 est.) with raised full-year EPS guidance to 8-9% growth, supported by strong operational execution, new CEO leadership, and multiple analyst upgrades. However, a material ~$14 billion IRS tax dispute for 2010-2025 represents significant financial and balance-sheet risk that materially offsets near-term operational momentum.

Red flags

•IRS tax litigation exposure of approximately $14 billion for 2010-2025 under Tax Court Methodology, plus $450 million impact in Q1 2026 alone; additional $6 billion paid for prior years with $457 million interest at risk if positions not sustained on appeal
•Juice, dairy, and plant-based segment volume declined 1% despite overall growth, signaling weakness in higher-margin adjacencies
•Geopolitical uncertainty (U.S.-Iran conflict) and commodity volatility cited by CFO as potential outlook risks

Funds Buying (4)

Fund	Manager	Shares Held	∆ Shares	Position Value	QoQ	Status
Berkshire Hathaway	Warren Buffett	400.0M	+400.0M	$30420.0B	—	NEW
Point72	Steve Cohen	2.6M	+2.6M	$199.4B	—	NEW
Maverick Capital	Lee Ainslie	1.3M	+1.3M	$97.7B	—	NEW
Soros Fund Management	Soros Family Office	151K	+151K	$11.5B	—	NEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.

Insider Activity

Name	Title	Type	Shares	Price	Value	Filed
QUAN NANCY	Executive Vice President	SELL	32K	$80.93	$2.56M	2026-05-15
Quincey James	Chairman	SELL	200K	$78.90	$15.78M	2026-05-07