Pacer Advisors Cuts Stake in The Coca-Cola Company by 30.7%

Pacer Advisors Inc., an institutional investor, has reduced its stake in The Coca-Cola Company (KO) by 30.7% during the first quarter, according to its most recent 13F filing with the SEC.

The company now owns 260,777 shares of KO's stock after selling 115,726 shares during the quarter.

Pacer Advisors Inc.'s holdings in Coca-Cola were worth $19.8 million as of its most recent filing with the SEC.

This is not an isolated incident, as other large investors have also made significant changes to their positions in KO recently.