BNP Paribas Cuts Coca-Cola Stake Amid Mixed Institutional Sentiment
BNP Paribas has made some adjustments to its holdings in Coca-Cola Company (The) (NYSE:KO). According to a recent SEC filing, the firm trimmed its shares by 2.2% during the second quarter.
In the same period, BNP Paribas owned 742,958 shares of KO's stock after selling 16,503 shares. This represents approximately 1.7% of its investment portfolio, making Coca-Cola its 16th largest position. As a result, BNP Paribas' holdings in Coca-Cola were worth $60,606,000 as of the most recent SEC filing.
This development comes amidst other institutional investors showing mixed but supportive positioning in KO shares. Notable additions include Lantern Wealth Advisors LLC and Paragon Private Wealth Management LLC, which boosted their stakes in the second quarter. In contrast, BlackRock and Capital Research trimmed their positions during the same period.