Saudi Central Bank Ups Stake in Coca-Cola

The Saudi Central Bank has increased its stake in Coca-Cola Company (The) by 14.0% in the second quarter, purchasing an additional 120,322 shares. This brings the bank's total holdings in Coca-Cola to approximately $79,812,000.

Coca-Cola accounts for about 1.0% of the Saudi Central Bank's holdings, making it its 22nd biggest holding. The company's quarterly earnings results, released on July 28th, exceeded analyst expectations with a net margin of 28.56% and a return on equity of 39.38%. Additionally, Coca-Cola has set its FY 2026 guidance at 3.270-3.300 EPS.

The bank's increased investment in Coca-Cola is part of a larger trend of institutional investors and hedge funds buying into the company's stock. As of June, 70.26% of Coca-Cola's shares are owned by institutional investors and hedge funds.