Quincey James sold $35.6M of KO

KFC US will switch from PepsiCo to Coca-Cola in 2027, a deal valued at $500m in annual concentrate sales for PepsiCo. The move is part of KFC's strategy to boost US sales and reflects changing consumer preferences. Both companies compete for restaurant partnerships, with innovation and diverse portfolios being key factors.

Coca-Cola reported Q3 2026 net revenues of $13.4B, up 7%, with operating income growing 12%. India, China, Mexico, and Brazil drove volume growth. The company raised its full-year EPS growth forecast to at least 11% from 9-10%.

Coca-Cola reported a 7% increase in Q3 net revenue to $13.38B, with EPS up 8%. The company raised its 2026 guidance, expecting at least 5% organic revenue growth and 11% comparable EPS growth. Growth was driven by concentrate sales and global unit case volume increases, particularly in Latin America and Asia Pacific.

Coca-Cola (KO) reported Q3 revenue of $13.35B, beating estimates by 3.7%, with EPS at $0.91, a 3.3% beat. Organic revenue and sales volumes grew 7% and 5% YoY, respectively. Growth was driven by global volume gains, innovation, and digital marketing. Operating margin expanded to 33.4% from 32.1% YoY, supported by productivity and cost management. Management highlighted affordability strategies and premiumization as key to sustained growth.

Coca-Cola's stock fell 1.6% on October 27, 2026, following its Q3 2026 earnings report, which showed 7% organic revenue growth driven by 5% volume growth. However, price mix grew only 1%, below management's target. The company raised its full-year earnings outlook, expecting at least 11% growth, partly due to currency and deals. Management cited rising costs and noted that the price mix will be a key metric in the next report.

Greg Abel, Berkshire Hathaway's new CEO, has invested 54% of the $365 billion portfolio in four stocks: Apple (21.5%), American Express (13.1%), Coca-Cola (10.2%), and Alphabet (9.1%). Apple remains the largest holding, while Alphabet is Abel's new focus.