Tom Russo (Trades, Portfolio)'s Gardner Russo & Gardner manages a $9.84 billion equity portfolio composed of 86 stocks. The firm sold shares of the following stocks during the second quarter.
The Swatch Group
The firm closed its position in The Swatch Group AG (SWGAF, Financial). The trade had an impact of -2.05% on the portfolio.
The Switss watch and jewelry company has a market cap of $10.83 trillion and an enterprise value of $9.45 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 6.5% and return on assets of 5.34% are outperforming 62% of companies in the cyclical retail industry. Its financial strength is rated 9 out of 10. The cash-debt ratio of 12.09 is above the industry median of 0.46.
Mastercard
The firm's Mastercard Inc. (MA, Financial) position was reduced by 9.54%. The portfolio was impacted by -1.39%.
The payment processor has a market cap of $352.61 billion and an enterprise value of $353.61 billion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 132% and return on assets of 25.65% are outperforming 99% of companies in the credit services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.92 is above the industry median of 0.3.
The largest guru shareholder of the company is Chuck Akre (Trades, Portfolio) with 0.59% of outstanding shares, followed by Russo with 0.54% and Warren Buffett (Trades, Portfolio) with 0.46%.
JC Decaux
The guru's firm curbed its position in JC Decaux SA (JCDXF, Financial) by 99.02%. The portfolio was impacted by -1.11%.
The outdoor advertising company has a market cap of $4 billion and an enterprise value of $10.45 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of -4.13% and return on assets of -0.83% are underperforming 62% of companies in the diversified media industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.25 is below the industry median of 0.84.
The largest guru shareholder is Russo with 0.03% of outstanding shares.
Nestle
The firm reduced its Nestle SA (NSRGY, Financial) holding by 6.67%, impacting the portfolio by -0.86%.
The Swiss food and beverage manufacturer has a market cap of $352.78 billion and an enterprise value of $390.07 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 27.71% and return on assets of 10.68% are outperforming 87% of companies in the consumer packaged goods industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.14 is far below the industry median of 0.43.
The largest guru shareholder is Russo with 0.40% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.14%.
Anheuser-Busch
The investment firm curbed its holding of Anheuser-Busch InBev SA/NV (BUDFF, Financial) by 24.09%. The portfolio was impacted by -0.85%.
The brewer has a market cap of $116.59 billion and an enterprise value of $212.42 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 1.77% and return on assets of 0.52% are underperforming 68% of companies in the alcoholic beverages industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.22 is below the industry median of 0.68.
The largest guru shareholder is Russo with 0.30% of outstanding shares.
Pernod Ricard
The investment fund reduced its Pernod Ricard SA (PDRDF, Financial) position by 6.93%. The trade had an impact of -0.47% on the portfolio.
The spirits maker has a market cap of $4.52 billion and an enterprise value of $8.06 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 9.31% and return on assets of 4.64% are outperforming 62% of companies in the alcoholic beverages industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.12 is below the industry median of 0.68.
Berkshire Hathaway
Russo's firm reduced its holding of Berkshire Hathaway Inc. (BRK.A, Financial) by 4.34%. The portfolio was impacted by -0.45%.
The insurance holding company has a market cap of $512.86 billion and enterprise value of $582.23 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the return on equity of 5.64% is underperforming the sector, the return on assets of 2.84% is outperforming 70% of companies in the insurance industry. Its financial strength is rated 5 out of 10 with a cash-debt ratio of 0.34.
Other notable guru shareholder of the company include Chris Davis (Trades, Portfolio) with 0.17% of outstanding shares, Tom Gayner (Trades, Portfolio) with 0.07%, First Eagle Investment (Trades, Portfolio) with 0.07% and Tweedy Browne (Trades, Portfolio) with 0.06%.
Disclosure: I do not own any stocks mentioned.
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