Van Eck Sells Off Substantial Stake in Coca-Cola Amidst Mixed Institutional Sentiment
Van Eck Associates Corp recently disclosed that it has lowered its stake in Coca-Cola Company (The) (NYSE:KO). The firm sold off 154,195 shares during the second quarter, reducing its position by 15.9%. This left Van Eck Associates Corp with a remaining 817,878 shares worth $66,469,000 as of its most recent filing.
The news comes amidst mixed institutional positioning in Coca-Cola stocks. While some investors added to their stakes, including Anfield Capital Management LLC and Headlands Technologies LLC, others reduced theirs, such as BlackRock and Invesco. Market analysts have maintained a generally positive outlook on the company, with Barclays and JPMorgan maintaining 'Overweight' ratings.
Coca-Cola's latest quarterly earnings results showed revenue growth of 6% year-over-year and an earnings beat. The company has also maintained its fiscal 2026 EPS guidance of $3.27, $3.30. Notably, Chairman James Quincey sold a substantial amount of shares in June to cover tax obligations, while CFO John Murphy also reduced his ownership in July.