Should You Invest in McKesson Corporation (MCK)?

Broyhill Asset Management, a boutique investment firm, released its second-quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the portfolio increased 0.9% net of all fees and expenses, and year-to-date, the portfolio returned 12.3% net of all fees and expenses. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Broyhill Asset Management highlighted stocks like McKesson Corporation (NYSE:MCK) in the second quarter 2023 investor letter. Headquartered in Irving, Texas, McKesson Corporation (NYSE:MCK) offers healthcare services. On August 4, 2023, McKesson Corporation (NYSE:MCK) stock closed at $421.77 per share. One-month return of McKesson Corporation (NYSE:MCK) was 1.68%, and its shares gained 21.66% of their value over the last 52 weeks. McKesson Corporation (NYSE:MCK) has a market capitalization of $57.155 billion.

Broyhill Asset Management made the following comment about McKesson Corporation (NYSE:MCK) in its second quarter 2023 investor letter:

“The portfolio’s largest contributors to performance were Fomento Economico Mexicano (FMX), Fiserv Inc. (FI), and McKesson Corporation (NYSE:MCK). Following the first quarter’s earnings, McKesson delivered a triple beat by beating consensus in the quarter, guiding next year EPS growth above consensus, and raising its long-term operating earnings growth. Investors were pleasantly surprised with what Deutsche Bank dubbed the “Rare Trifecta.”

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McKesson Corporation (NYSE:MCK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 60 hedge fund portfolios held McKesson Corporation (NYSE:MCK) at the end of first quarter which was 54 in the previous quarter.

We discussed McKesson Corporation (NYSE:MCK) in another article and shared Jim Cramer’s S&P 500 stock picks for 2023. In addition, please check out our hedge fund investor letters Q2 2023 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.