Coca-Cola Loses Ground as Sapient Capital Scales Back Holdings
Sapient Capital LLC reduced its stake in Coca-Cola by 6.7% during the first quarter, according to a recent SEC filing.
The firm owned 281,658 shares of Coca-Cola's stock after selling 20,305 shares during the quarter, which was valued at $21,569,000.
This change in ownership is part of a broader trend among institutional investors, with several other firms also buying and selling shares of Coca-Cola during the same period.