Coca-Cola Shareholder B. Metzler seel. Sohn & Co. AG Reduces Stake by 17.5%
B. Metzler seel. Sohn & Co. AG, an institutional investor, has reduced its stake in The Coca-Cola Company (NYSE:KO) by 17.5% during the second quarter. According to a recent disclosure with the Securities and Exchange Commission (SEC), the company owned 3,355,276 shares of KO after selling 711,441 shares.
The institutional investor's holding in KO accounts for approximately 2.4% of its portfolio, making it the stock's 7th largest holding. B. Metzler seel. Sohn & Co. AG owned 0.08% of KO worth $272,683,000 as of its most recent SEC filing.
Other institutional investors have also adjusted their stakes in KO during the second quarter. State Street Corp grew its position by 1.2%, while Geode Capital Management LLC raised its holdings by 0.5%. Norges Bank purchased a new position valued at approximately $3,865,807,000.