$69M+ Bet: Ascentis Wealth Management LLC Buys Big into Coca-Cola Company (The)

Ascentis Wealth Management LLC significantly increased its stake in Coca-Cola Company (The) ($KO), purchasing an additional 848,212 shares during the second quarter. This boost raised their holdings by 8,603.4%, according to a recent Securities and Exchange Commission disclosure.

The institutional investor now owns 858,071 shares of the company's stock, valued at $69,735,000 as of its most recent filing with the SEC.

Ascentis Wealth Management LLC is not alone in modifying their holdings of Coca-Cola. Other hedge funds have also made adjustments to their stakes in the company. Brighton Jones LLC boosted its stake by 13.3% in the fourth quarter, while Revolve Wealth Partners LLC raised its stake by 3.4% during the same period.

The sale of Coca-Cola stock by Chairman James Quincey and other insiders has also been notable. In June, Quincey sold 436,296 shares at an average price of $80.13, resulting in a total value of $34,960,398.48.