Five Consumer Stocks Chilton Investment Was Piling Into

Richard Chilton‘s Chilton Investment Company, which was founded in 1992, primarily invests in stocks on the premise of value investing, fundamental research and disciplined portfolio management. The fund increased its exposure in consumer stocks at the end of second quarter in comparison to previous quarter.

At the end of June, Chilton Investment Company had an equity portfolio worth $2.82 billion, around a half of which was represented by positions in Consumer Stocks. The largest positions in the sector were represented by AutoZone, Inc. (NYSE:AZO), Casey’s General Stores, Inc. (NASDAQ:CASY), Hilton Worldwide Holdings Inc (NYSE:HLT), Anheuser-Busch InBev SA (ADR) (NYSE:BUD), and The Coca-Cola Co (NYSE:KO).

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AutoZone, Inc. (NYSE:AZO)

– Shares Owned by Chilton Investment Company (as of June 30): 163,670

– Value of Chilton Investment Company’s holding (as of June 30): $129.93 million

Chilton Investment managed by Richard Chilton increased its stake in AutoZone, Inc. (NYSE:AZO) by 18,099 shares to 163,670 shares during the second quarter. The company has recently reported its financial results for the fiscal fourth quarter, which included EPS of $14.30, topping the expectations by $0.04. On the other hand, its revenue of $3.40 billion went up by 3.3% on the year but was $30 million below the consensus estimate. A total of 41 funds from our database have long position in AutoZone, Inc. (NYSE:AZO) worth $906.47 million as of the end of June.

Casey’s General Stores, Inc. (NASDAQ:CASY)

– Shares Owned by Chilton Investment Company (as of June 30): 740,023

– Value of Chilton Investment Company’s holding (as of June 30): $97.32 million

Casey’s General Stores, Inc. (NASDAQ:CASY) represented a new position in Chilton’s equity portfolio as the fund acquired 740,023 shares worth $97.32 million during the second quarter. For the fiscal 2017 first quarter, the company reported revenue of $1.97 billion which missed the consensus estimate by $20 million, while EPS of $1.70 per share fell short of expectations by $0.11. Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) are down by over 4% since the beginning of the year and 28 funds are long in the stock with total investment of $416.20 million.

On the next page, we’ll take a look at Chilton’s investments in Hilton Worldwide Holdings Inc (NYSE:HLT), Anheuser-Busch InBev SA (ADR) (NYSE:BUD), and The Coca-Cola Co (NYSE:KO).

Hilton Worldwide Holdings Inc (NYSE:HLT)

– Shares Owned by Chilton Investment Company (as of June 30): 3.71 million

– Value of Chilton Investment Company’s holding (as of June 30): $83.53 million

Richard Chilton’s Chilton Investment increased its stake in Hilton Worldwide Holdings Inc (NYSE:HLT) by by 53% to 3.71 million shares worth $83.53 million during the second quarter. For the second quarter, the company’s reported revenue of $3.05 billion, which missed analysts expectations by $10 million, while EPS of $0.25 per share was lower than the expected $0.26. Shares of Hilton Worldwide Holdings Inc (NYSE:HLT) are up by 6.38% since the beginning of the year. A total of 27 funds tracked by us amassed stakes in Hilton Worldwide Holdings Inc (NYSE:HLT) worth $1.96 billion in aggregate at the end of the second quarter.

Anheuser-Busch InBev SA (ADR) (NYSE:BUD)

– Shares Owned by Chilton Investment Company (as of June 30): 611,853

– Value of Chilton Investment Company’s holding (as of June 30): $80.57 million

In Anheuser-Busch InBev SA (ADR) (NYSE:BUD) Chilton held 611,853 shares, up by 38% over the quarter. The stock has inched up by more than 2% since the beginning of the year.  Anheuser-Busch InBev SA (ADR) (NYSE:BUD) has recently acquired SABMiller plc, with shareholders of both companies approving the deal worth $104 billion. Last week, Goldman Sachs reinitiated coverage of Anheuser-Busch InBev SA (ADR) (NYSE:BUD) with a ‘Buy’ rating and a price target of 135 euros ($148.50), saying that the acquisition of SABMiller can have many positive implications for InBev, such as increasing its market share and diversifying revenues. A total of 35 funds tracked by us held shares of Anheuser-Busch InBev SA (ADR) (NYSE:BUD) at the end of June, compared to 32 funds a quarter earlier.

The Coca-Cola Co (NYSE:KO)

– Shares Owned by Chilton Investment Company (as of June 30): 1.73 million

– Value of Chilton Investment Company’s holding (as of June 30): $78.27 million

Finally, in The Coca-Cola Co (NYSE:KO), the fund boosted its stake by 78% over the quarter and held 1.73 million shares valued at $78.27 million at the end of June. The stock is down by more than 3% year-to-date and has lost nearly 10% in the last six months. Recently, The Coca-Cola Co (NYSE:KO) said that it would exercise its rights and will acquire SABMiller’s 54% interest in its largest African bottling company, Coca-Cola Beverages Africa, as the latter was acquired by InBev. A total of 55 investors from our database are long The Coca-Cola Co (NYSE:KO) as of the end of June, down by seven over the quarter.

Disclosure: None