Coca-Cola Loses 5% Stakeholder Amid Institutional Buying Frenzy
The Manufacturers Life Insurance Company reduced its holdings in Coca-Cola (KO) by 4.8% in the second quarter, selling 104,779 shares.
This move comes after other institutional investors made significant changes to their stakes in the company.
California State Teachers Retirement System raised its holdings in Coca-Cola by 7,365.2%, purchasing an additional 480,979,487 shares during the period.