CTC Alternative Strategies Ltd. Takes $943,000 Position in Coca-Cola Company

CTC Alternative Strategies Ltd., an institutional investor, has taken a $943,000 position in Coca-Cola Company (KO) shares. The investment was made through the purchase of 11,600 shares in the second quarter, according to the company's most recent 13F filing with the Securities and Exchange Commission.

The Coca-Cola stock comprises about 1.4% of CTC Alternative Strategies Ltd.'s portfolio, making it their 18th largest position. This is not an isolated investment in KO; several other hedge funds and institutional investors have recently modified their holdings of the company.

Banco Santander S.A., for example, raised its holdings in Coca-Cola by 3.1% during the second quarter. King Luther Capital Management Corp also increased its stake in KO by 0.8% over the same period. In contrast, BlackRock and Capital Research trimmed their positions in the company.

Analysts' views on Coca-Cola are mixed, with some maintaining 'Overweight' ratings while others suggest that valuation may limit upside. The median price target of $89.50 is close to the current trading level, although some analysts have set targets as high as $100.00.