Berkshire Reaps $8 Billion From Coca-Cola Stake as Consumer Staples Rally
Updated
Updated · Yahoo Finance · Aug 2
Berkshire Reaps $8 Billion From Coca-Cola Stake as Consumer Staples Rally
3 articles · Updated · Yahoo Finance · Aug 2
Summary
Berkshire Hathaway has booked nearly $8 billion in gains and $424 million in 2026 dividends from its 400 million-share Coca-Cola holding, one of its oldest investments.
Coca-Cola shares have climbed almost 29% this year as investors rotated into consumer staples amid AI-related worries and broader economic uncertainty.
The rally was reinforced by Coca-Cola’s recent Q2 results: $13.4 billion in revenue, $0.97 adjusted EPS and higher full-year guidance, with trademark Coca-Cola volume up 5%—its strongest non-rebound growth in 17 years.
Berkshire still holds all 400 million shares bought by 1994, and the stake now makes up nearly 10% of its portfolio, underscoring how defensive consumer brands are driving returns even as the conglomerate trails the broader market.