Coca-Cola: Will Goldman’s Downgrade Scare These Top Institutional Shareholders?

So far this year, The Coca-Cola Company’s (NYSE:KO) shares are up 12.92 percent. On Monday, the company’s shares split two-for-one while Goldman Sachs (NYSE:GS) analysts downgraded the stock to a “Netural” rating from a “Conviction Buy.” It did increase the price target from $81 to $84 ($42 split-adjusted).

Goldman Sachs analyst said that Coca-Cola’s shares are trading at a historically-high premium and in upcoming quarters its earnings outperformance could slow down. Share price growth also appeared to be slowing thanks to the company not being well-leveraged for quicker growth beverage categories such as energy drinks and ready-to-drink tea.

With the stock split and the analysts’ downgrade, will Coca-Cola Company’s largest shareholders decrease their holdings? 977 institutional firms indicated owning shares of The Coca-Cola Company (NYSE:KO) in Q2 2012. These firms reported owning a total of 503.176 million shares on 06/30/2012. The shares closed at $78.19 on 06/30/2012.

Here are the ten largest positions in The Coca-Cola Company at the end of June 30th, 2012.

State Farm Mutual Automobile Insurance Co held 56,653,500 shares on 06/30/2012 worth $4,429,737,303. This brought the portfolio total to 1.83%.

Suntrust Banks Inc held 52,384,078 shares on 06/30/2012 worth $4,095,911,187. This brought the portfolio total to 15.95%.

Bank of New York Mellon Corp held 26,183,881 shares on 06/30/2012 worth $2,047,317,719. This brought the portfolio total to 0.79%.

JPMorgan Chase & Co held 23,173,678 shares on 06/30/2012 worth $1,811,949,939. This brought the portfolio total to 0.69%.

Grantham Mayo Van Otterloo & Co. LLC held 19,105,455 shares on 06/30/2012 worth $1,493,855,573. This brought the portfolio total to 4.56%.

Bank of America Corp /DE/ held 17,862,209 shares on 06/30/2012 worth $1,396,646,165. This brought the portfolio total to 0.78%.

TIAA Cref Investment Management LLC held 15,151,906 shares on 06/30/2012 worth $1,184,727,567. This brought the portfolio total to 1.1%.

Wells Fargo & Company/MN held 9,217,751 shares on 06/30/2012 worth $720,735,973. This brought the portfolio total to 0.47%.

Montag & Caldwell LLC held 7,736,696 shares on 06/30/2012 worth $604,932,279. This brought the portfolio total to 5.27%.

Synovus Financial Corp held 7,330,040 shares on 06/30/2012 worth $573,135,845. This brought the portfolio total to 18.77%.

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