No material corporate announcements served as the primary driver for this report. Instead, a series of notable institutional position changes disclosed in recent 13F filings reflects shifts in how major asset managers have sized their exposure to Coca-Cola. These disclosures, alongside trailing financial data and insider activity, form the basis of this update [Brief - 2026-06-01] [Brief - 2026-05-24].
Coca-Cola's trailing twelve-month revenue stood at $49.28 billion, representing 12.07% growth year-over-year, while net income reached $13.70 billion, yielding a net margin of 27.80%. Gross margin was recorded at 61.74% and operating margin at 29.34%. EPS grew 18.18% year-over-year. The company held $10.57 billion in cash against total debt of $38.87 billion. The trailing P/E ratio was 25.01 [SEC 10-Q - KO - 2026-04-03].
Insider activity in the past 30 days comprised eight transactions, with net direction tilted toward selling and a net disposal value of approximately $38.16 million [SEC Form 4 - KO - 2026-06]. On the institutional side, Citadel added 51% to its existing position, while Soros Fund Management opened a new position. Conversely, Bridgewater reduced its position by 21%, Millennium trimmed by 10%, and AQR Capital reduced by 6.9% [SEC 13F - Citadel - Q1 2026] [SEC 13F - SorosFundMgmt - Q1 2026] [SEC 13F - Bridgewater - Q1 2026] [SEC 13F - Millennium - Q1 2026] [SEC 13F - AQR - Q1 2026].
The prevailing macro environment features a 10-year US Treasury yield of 4.55% and a 2-year yield of 4.17%, producing a normal yield curve with a spread of 38 basis points [FRED DGS10] [FRED DGS2]. The primary trigger for this report was the pattern of material institutional position changes identified across multiple major asset managers in their most recent 13F disclosures.