Stocks
$103 Billion Stake: Resona Asset Management Sells 157,146 Coca-Cola Shares
Coca-Cola Company (The) $KO shares have been sold by Resona Asset Management Co. Ltd., with the institutional investor lowering its stake in the company's stock by 11% in the second quarter.
The sale, as reported on a most recent Form 13F filing with the Securities & Exchange Commission, involved 157,146 shares of $KO, reducing Resona Asset Management Co. Ltd.'s holdings to 1,267,636 shares worth approximately $103,397,000.
This move is part of a broader trend in the market, where several other hedge funds have also modified their holdings of Coca-Cola stock during the same period.