Aristotle Capital Management, LLC, an investment management company, released its “Aristotle Value Equity Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund returned -12.43% at NAV compared to a -12.21% return for the Russell 1000 Value Index. However, the fund outperformed the S&P 500 Index, which returned -16.10% in the quarter. Sector allocation attributed to the fund’s underperformance compared to the Russell 1000 Value Index in the second quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Aristotle 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 7, 2022, The Coca-Cola Company (NYSE:KO) stock closed at $54.51 per share. One-month return of The Coca-Cola Company (NYSE:KO) was -12.53% and its shares gained 0.72% of their value over the last 52 weeks. The Coca-Cola Company (NYSE:KO) has a market capitalization of $235.736 billion.
Here is what Aristotle Capital specifically said about The Coca-Cola Company (NYSE:KO) in its Q2 2022 investor letter:
“The Coca-Cola Company (NYSE:KO), the global beverage business, was a leading contributor for the period. Coca-Cola continues to benefit from the refranchising of its bottling operations and realignment of incentives, catalysts we previously identified. These initiatives are demonstrating their strength in an inflationary and supply-chain-challenged environment. Additionally, the company has focused on evolving its customer engagement practices by leveraging digital and social medias for targeted campaigns, such as the design and launch of Coke Byte in the metaverse. Lastly, Coca-Cola has furthered its transformation into a total beverage company, as it debuted its new Jack Daniel’s Tennessee Whiskey and Coca-Cola ready-to-drink premixed cocktail. Although uncertainties surrounding cost pressures, lockdowns and geopolitical conflicts remain, we believe Coca-Cola is uniquely positioned to successfully continue its transition toward a total beverage business.”
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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.
