David Winters (Trades, Portfolio)’ Wintergreen Fund (Trades, Portfolio) holds 33 stocks, three of which were reported new in the third quarter. The fund’s portfolio has a value of $1.3 billion and has allocated the greatest amount of its funds into consumer defensive stocks at 33.2%, followed by consumer cyclical stocks at 31.8% of the total portfolio.
In his third quarter letter, Winters highlighted some of the key principles of the fund:
“At Wintergreen, we try to remove the emotions from the investment process and instead focus on long-term opportunities. The Fund has, we believe, a solid portfolio of well financed, conservatively managed businesses that have good prospects and management teams focused on returns for all shareholders. Although market fluctuations are viewed by many as a risk, we believe they can be a gift to long-term investors.”
The three new stocks Winters purchased were: Lorillard Inc. (LO, Financial), C&C Group PLC (LSE:CCR, Financial) and H.B. Fuller Company (FUL, Financial).
Lorillard Inc. (LO, Financial)
Winters purchased 197,654 shares of Lorillard Inc., a 0.89 percent portfolio holding. The stock’s third quarter price averaged $61.
Lorillard Inc. through its subsidiaries is engaged in the manufacture and sale of cigarettes. Lorillard Inc. has a market cap of $22.73 billion; its shares were traded at around $63.14 with a P/E ratio of 20.10 and P/S ratio of 3.29. The dividend yield of Lorillard Inc. stocks is 3.90%. Lorillard Inc. had an annual average earnings growth of 14.70% over the past five years.
C&C Group PLC (LSE:CCR, Financial)
Winters purchased 1,518,923 shares of C&C Group Plc, a 0.6 percent holding. The company’s share price averaged $4 in the third quarter.
C&C Group PLC was incorporated on March 19, 2004. The company is engaged in the production, marketing and selling of cider and beer. C&C Group Plc has a market cap of $1.31 billion; its shares were traded at around $3.77 with a P/E ratio of 15.50 and P/S ratio of 2.08. The dividend yield of C&C Group Plc stocks is 2.71%. C&C Group Plc had an annual average earnings growth of 8.90% over the past five years.
H.B. Fuller Company (FUL, Financial)
Winters purchased 40,364 shares of H.B. Fuller Company, a 0.12% portfolio holding. The stock’s price averaged $46 in the quarter.
H.B. Fuller Company was founded in 1887 and incorporated as a Minnesota corporation in 1915. H.B. Fuller Company has a market cap of $2.17 billion; its shares were traded at around $43.19 with a P/E ratio of 36.40 and P/S ratio of 1.06. The dividend yield of H.B. Fuller Company stocks is 1.07%. H.B. Fuller Company had an annual average earnings growth of 5.90% over the past 10 years.
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