Firestone Capital Management Sells Half of Its Stake in Coca-Cola

Firestone Capital Management trimmed its position in Coca-Cola Company (The) by 58.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,696 shares of the company's stock after selling 11,996 shares during the period.

Firestone Capital Management's holdings in Coca-Cola were worth $707,000 as of its most recent SEC filing. The sale was a decrease from the position held at the end of the first quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Eurizon SLJ Capital Ltd acquired a new position in Coca-Cola during the fourth quarter worth $552,000.