Is The Coca-Cola Company (KO) a Good Long-Term Bet?
Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Growth & Income Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. Since 2015, for the first time, the market witnessed two consecutive quarterly losses. During the second quarter, the S&P 500 Index continued its decline, trading at -16.1%. Inflation concerns and interest rate hikes impacted the fund’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Carillon Tower Advisers Capital discussed stocks like The Coca-Cola Company (NYSE:KO) in the second quarter 2022 investor letter. Headquartered in Atlanta, Georgia, The Coca-Cola Company (NYSE:KO) is a beverage company. On October 5, 2022, The Coca-Cola Company (NYSE:KO) stock closed at $56.24 per share. One-month return of The Coca-Cola Company (NYSE:KO) was -9.74% and its shares gained 4.71% of their value over the last 52 weeks. The Coca-Cola Company (NYSE:KO) has a market capitalization of $243.217 billion.
Here is what Carillon Tower Advisers specifically said about The Coca-Cola Company (NYSE:KO) in its Q2 2022 investor letter:
"The Coca-Cola Company (NYSE:KO) stock appreciated after management reported a strong quarter. Organic revenues advanced strongly and pricing came in ahead of expectations as well."
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The Coca-Cola Company (NYSE:KO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 60 hedge fund portfolios held The Coca-Cola Company (NYSE:KO) at the end of the second quarter which was 64 in the previous quarter.
We discussed The Coca-Cola Company (NYSE:KO) in another article and shared the list of best consumer staples stocks. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.