Coca-Cola Stock Hits All-Time High of $88.27, Up 5% on Strong Q2 Earnings

According to Seoul Shinmun, Coca-Cola stock rose 5% to close at $88.27 on July 28, marking an all-time high after the company beat second-quarter earnings expectations. The beverage maker reported Q2 revenue of $13.37 billion, up 7% year-over-year, with organic revenue growing 6%. Adjusted EPS reached $0.97, surpassing analyst forecasts.

Warren Buffett's Berkshire Hathaway has held the stock for 38 years without buying or selling a single share since acquiring 400 million shares between 1988 and 1994 for approximately $1.3 billion. The company has increased dividends for 64 consecutive years, reinforcing its status as a defensive consumer staple stock amid broader market volatility.