Coca Cola chief Alison Watkins says its Australian beverages business had suffered due to discounting from competitors and soft sales.

Goldman Sachs executed the block trade of 30 million shares, which was set at a floor of $9 and closed at $9.02. Photo: Jim Rice

Close to 50 investors piled into Coca Cola Amatil shares overnight after $270.6 million worth of stock was offloaded by a global fund.

Goldman Sachs executed the block trade of 30 million shares, which was set at a floor of $9 and closed at $9.02.

Coca Cola's stock has struggled over the past few months. Earlier this year new chief executive, Alison Watkins, unveiled a shock profit warning with earnings forecast to plunge by 15 per cent.

The sell down represents less than 5 per cent of the $7 billion company's overall value.

More to come