Legal & General Group Plc Increases Stake in Coca-Cola Company

Institutional investor adds over 770,000 shares of the beverage giant in Q3

Published on Mar. 10, 2026

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Legal & General Group Plc, a major institutional investor, increased its holdings in The Coca-Cola Company (NYSE: KO) by 2.8% in the third quarter, according to a recent SEC filing. The firm now owns over 28 million shares, or approximately 0.65% of the company's outstanding stock, valued at $1.86 billion.

Why it matters

Coca-Cola is one of the world's most recognizable and valuable brands, so changes in major institutional ownership can signal broader market sentiment around the company's performance and growth prospects. Legal & General's increased stake suggests confidence in Coca-Cola's long-term outlook.

The details

According to the filing, Legal & General Group acquired an additional 770,235 shares of Coca-Cola in the third quarter, bringing its total position to 28,051,787 shares. This makes the firm one of Coca-Cola's largest institutional shareholders, owning about 0.65% of the company's stock. The purchase comes as Coca-Cola shares have risen over the past year, with the stock trading near its 52-week high.

  • Legal & General Group increased its Coca-Cola stake in the third quarter of 2026.

The players

Legal & General Group Plc

A major global asset management and insurance firm based in the United Kingdom.

The Coca-Cola Company

A multinational beverage corporation headquartered in Atlanta, Georgia, best known for its flagship Coca-Cola soft drink brand.

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The takeaway

Legal & General Group's increased stake in Coca-Cola suggests the institutional investor sees continued growth potential for the iconic beverage brand, even as it faces evolving consumer preferences and market competition.