Pictet Asset Management Cuts Coca-Cola Holdings by 8.6%

Pictet Asset Management Holding SA has made a significant adjustment to its holdings in Coca-Cola Company (The). The institutional investor cut its position by selling 259,471 shares during the second quarter. Following this sale, Pictet Asset Management Holding SA owned 2,770,527 shares of Coca-Cola's stock, representing 0.06% of the company's total value.

The asset management firm now holds a stake worth $225,167,000 in Coca-Cola, according to its most recent SEC filing. This development is part of a broader trend where institutional investors and hedge funds have been buying and selling shares of Coca-Cola.