KMG Fiduciary Partners Sells Stake in The Coca-Cola Company

KMG Fiduciary Partners LLC has trimmed its holdings in shares of Coca-Cola Company (The) (NYSE:KO - Free Report). The fund owned 158,556 shares after selling 18,569 shares during the second quarter. At the end of the most recent quarter, KMG's holdings in Coca-Cola were worth $12,886,000.

This represents about 1.2% of the company's investment portfolio, making it their 22nd biggest holding. Several other large investors have also bought and sold shares of KO. Brighton Jones LLC boosted its position in shares of Coca-Cola by 13.3% in the fourth quarter, while Revolve Wealth Partners LLC increased its holdings in Coca-Cola by 3.4% during the same period.

Coca-Cola's revenue grew 6.2% year-over-year in the second quarter, led by a 5% rise in unit case volume and a 2% contribution from price and mix. The company exceeded quarterly expectations, reporting $0.97 in adjusted earnings per share versus a $0.93 consensus estimate and $13.37 billion in revenue versus $13.17 billion expected.