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Sumitomo Life Insurance Acquires New Stake in Coca-Cola Consolidated

Guavy AI Editorial Team
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KO
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Sumitomo Life Insurance Co., a major Japanese insurance company, has acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) for approximately $3.64 million.

The firm purchased 44,829 shares of the beverage giant's stock during the second quarter, according to the latest filing with the Securities & Exchange Commission.

This investment represents a small portion of Coca-Cola Consolidated's total outstanding shares, accounting for just 0.07% of its ownership.

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