Daiwa Securities Cuts Coca-Cola Stake as Analysts Remain Bullish

Coca-Cola Company's (KO) stock saw significant trading activity in recent weeks. Daiwa Securities Group Inc., a prominent institutional investor, reduced its holdings in KO by 1.7% during the second quarter. The company disclosed that it sold 15,260 shares of KO, leaving it with 871,120 shares worth $70.796 million as of its most recent SEC filing.

Other investors also made changes to their positions in KO. Eurizon SLJ Capital Ltd bought a new stake in the company during the fourth quarter, valued at $552,000. Banco Santander S.A. increased its holdings by 3.1% and now owns 1,090,758 shares worth $88.646 million.

Despite some insider sales, analysts remain optimistic about KO's prospects. Royal Bank Of Canada raised its price target on the stock to $96.00 and gave it an 'outperform' rating. Jefferies Financial Group also boosted its target price to $104.00 with a 'buy' recommendation.