Concurrent Investment Advisors Boosts Stake in Coca-Cola Company
Coca-Cola Company (The) $KO is among the top holdings of Concurrent Investment Advisors LLC, which increased its stake in the beverage manufacturer by 10.4% during the second quarter.
The institutional investor now owns 420,729 shares of Coca-Cola's stock after purchasing an additional 39,540 shares during the quarter. The value of Concurrent Investment Advisors LLC's holdings in Coca-Cola was $34,193,000 at the end of the most recent quarter.
Meanwhile, Chairman James Quincey sold 381,140 shares of Coca-Cola stock on July 28th for a total transaction of $34,317,845.60, while EVP Nancy Quan sold 50,000 shares on August 19th for $4,519,500.00.
The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 1,050,604 shares of Coca-Cola stock valued at $93,022,219.