Is it a Good Move to Keep Your Coca-Cola (KO) Shares?

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Growth & Income Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund delivered negative returns. The market continued its decline in the third quarter and the S&P 500 Index fell -4.9%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower highlighted stocks like The Coca-Cola Company (NYSE:KO) in the third quarter 2022 investor letter. Headquartered in Atlanta, Georgia, The Coca-Cola Company (NYSE:KO) is a beverage company. On November 18, 2022, The Coca-Cola Company (NYSE:KO) stock closed at $61.14 per share. One-month return of The Coca-Cola Company (NYSE:KO) was 6.20% and its shares gained 10.22% of their value over the last 52 weeks. The Coca-Cola Company (NYSE:KO) has a market capitalization of $264.401 billion.

Carillon Tower made the following comment about The Coca-Cola Company (NYSE:KO) in its Q3 2022 investor letter:

“Shares of The Coca-Cola Company (NYSE:KO) sold off with consumer staples even as the company reported strong pricing for the second quarter. On average, product prices rose with management hinting at further momentum.”

Pixabay/Public Domain

The Coca-Cola Company (NYSE:KO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 59 hedge fund portfolios held The Coca-Cola Company (NYSE:KO) at the end of the third quarter, which was 60 in the previous quarter.

We discussed The Coca-Cola Company (NYSE:KO) in another article and shared the top 10 dividend stocks to buy according to Warren Buffett. In addition, please check out our hedge fund investor letters Q3 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.

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