Companies › Consumer & Retail

Coca-Cola KO

Consumer & RetailMarket cap $270B13 connections

Coca-Cola owns the world's most valuable beverage brand and distributes through the largest beverage distribution network in history. Coke, Diet Coke, Sprite, Fanta, Minute Maid, Powerade, and Fairlife span every beverage category. Its asset-light model - concentrates sold to bottlers who manufacture and distribute locally - generates extraordinary margins. KO has paid and raised dividends for 60+ consecutive years.

Explore Coca-Cola on the interactive map Relationship timeline Find a path to another company

Suppliers 3

Companies that sell to Coca-Cola

Customers 3

Companies Coca-Cola sells to

  • WalmartConsumer & Retail · $700BMajor Coca-Cola retail distributor
  • McDonald'sConsumer & Retail · $220BExclusive Coca-Cola supplier since 1955since 1955
  • Restaurant BrandsConsumer & Retail · $20BCoca-Cola fountain drinks at Burger King

Partners 6

Strategic partnerships, joint products and alliances

  • PepsiCoConsumer & Retail · $230BCompeting global beverage duopoly
  • Monster BeverageConsumer & Retail · $48BDistribution and equity stake
  • Constellation BrandsConsumer & Retail · $45BConstellation Modelo competes with AB InBev Bud Light
  • General MillsConsumer & Retail · $38BCo-branded cereal/beverage promotions
  • Coca-Cola EuropacificConsumer & Retail · $32BCoca-Cola Europacific is Coke's European bottler
  • Molson CoorsConsumer & Retail · $12BMolson Coors competes with AB InBev for shelf space

Owned by 1

Companies with a stake in Coca-Cola

Stakes owned 1

Companies Coca-Cola owns or has invested in

  • Monster BeverageConsumer & Retail · $48BCoca-Cola owns 20%+ of Monster and distributes globallysince 2015

Key relationships in depth

Coca-Cola & Berkshire Hathaway

Berkshire Hathaway owns approximately 9.3% of Coca-Cola's common shares (400 million shares), worth approximately $28B as of Q4 2025. This is Berkshire's most famous long-term holding: Buffett began accumulating Coca-Cola shares in 1988 and has not sold a single share in 35+ years. Coca-Cola pays Berkshire approximately $760M in annual dividends, making it one of Berkshire's largest dividend income sources from its equity portfolio.

Why it matters: Coca-Cola embodies Buffett's core investment principles: an irreplaceable consumer brand with global distribution reaching 200+ countries, pricing power that allows revenue growth above inflation, and a capital-light business model that generates consistent free cash flow. Buffett has described Coca-Cola as a business so entrenched in global culture that no competitor can replicate it, making the moat effectively permanent against competitive erosion.

Coca-Cola & Walmart

Walmart is Coca-Cola's largest retail customer by volume, distributing Coke, Diet Coke, Sprite, Dasani, Powerade, Minute Maid, and the full portfolio across 10,500+ stores and Sam's Club locations. Coca-Cola products drive trip frequency and basket size across Walmart's retail footprint.

Why it matters: Beverage is among Walmart's highest-margin and highest-traffic categories. Coca-Cola's enduring brand strength makes it less vulnerable to Walmart's private-label substitution than some CPG peers, giving Coca-Cola pricing power that pure commodity categories lack.

Other Consumer & Retail companies

AmazonWalmartCostcoHome DepotProcter & GambleLVMHHermèsNestle SAPepsiCoMcDonald's

Embed this on your site

Show Coca-Cola's network in an article or report - it updates as our data does.

Preview

Relationships are compiled by VexMap from company filings, announcements and reporting, and last reviewed September 2026. Spotted something wrong? Tell us. Not investment advice.