Compagnie Lombard Odier SCmA Sells Coca-Cola Shares, Reduces Stake

Compagnie Lombard Odier SCmA, an institutional investor, reduced its stake in Coca-Cola Company (The) by selling 11,449 shares during the second quarter. The firm now owns 1,059,377 shares of the company's stock, which makes up approximately 0.9% of Compagnie Lombard Odier SCmA's holdings.

The institutional investor's position in Coca-Cola is worth around $86,096,000 at the end of the most recent reporting period. This represents a decrease from the previous quarter when the firm owned 1,070,826 shares of the company's stock.

Coca-Cola Company has been performing well, with its earnings per share beating analysts' estimates by $0.04 in the second quarter. The company reported revenue of $13.37 billion for the quarter, which is a 6.2% increase from the same period last year.