Ameritas Raises Coca-Cola Stake Amid Analyst Hype for Defensive Consumer Brands
Ameritas Advisory Services LLC has increased its holdings in Coca-Cola Company (The) by 37.7% during the second quarter, according to a recent disclosure with the Securities & Exchange Commission.
The firm owned 60,012 shares of the company's stock after purchasing an additional 16,440 shares during the quarter. Ameritas Advisory Services LLC's holdings in Coca-Cola were worth $4,877,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Coca-Cola during the fourth quarter worth $3,865,807,000. Cardano Risk Management B.V. grew its stake in shares of Coca-Cola by 867.2% in the fourth quarter.
Analysts and investors are highlighting KO as a defensive blue-chip leader among Coca-Cola, Johnson & Johnson, and Procter & Gamble. Its stronger returns reinforce demand for dependable consumer brands during uncertain markets.