Institutional Insights: Hedge Fund Activity and Investor Sentiment Surrounding Coca-Cola Company (KO)

2024-03-12

The data obtained from the sharkstracker.com platform offered a detailed overview of the market dynamics concerning the Coca-Cola Company (KO) during the quarter ending on December 31, 2023. At that time, a total of 2,837 hedge funds collectively held 3,063,784,691 shares of KO. Furthermore, 69 ETFs were reported to be holding 198,329,076 shares of KO as of the previous week.

Among the top institutional holders of KO shares were prominent names such as Berkshire Hathaway Inc, VANGUARD GROUP INC, BlackRock Inc., STATE STREET CORP, and JPMORGAN CHASE & CO. These institutions' substantial holdings in KO indicated a strong interest in the company's performance and potential.

Throughout the last quarter, 1,171 hedge funds were actively acquiring KO shares, while 1,268 hedge funds were involved in selling them. This dynamic trading activity underscored the diverse opinions and strategies adopted by hedge funds in relation to KO. Noteworthy was the fact that 77 hedge funds significantly increased their positions in KO, whereas 24 hedge funds opted to sell off at least 90% of their KO shares.

The data also shed light on the most pessimistic and optimistic institutional investors regarding KO. The most pessimistic institutions included CITADEL ADVISORS LLC, TWO SIGMA ADVISERS, LP, MORGAN STANLEY, DZ BANK AG Deutsche Zentral Genossenschafts Bank, and WELLINGTON MANAGEMENT GROUP LLP. Conversely, the most optimistic institutions comprised STATE STREET CORP, BlackRock Inc., Legal & General Group Plc, FMR LLC, and Fisher Asset Management, LLC.

The insights provided by sharkstracker.com serve as a valuable resource for investors and analysts seeking to gain a deeper understanding of the market sentiment and activities surrounding the Coca-Cola Company.