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Donald Yacktman Buys Pepsico Inc., News Corp., Avon Products Inc., Sells Kraft Foods Inc.

gurufocus

gurufocus

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Don Yacktman is one of the best performing mutual fund managers among our Gurus. As of Sept. 30, his Yacktman Focused Fund outperformed the market by about 10% annually during the past 3-year, 5-year, and 10-year periods. Compared with Fairholme Fund’s Bruce Berkowitz, Yacktman’s fund carries smaller down side risk.

Due to his outstanding performance, Yacktman Funds has seen huge inflows. His firm now manages more than $10 billion, compared with around $1 billion in 2007.

Donald Yacktman buys Pepsico Inc., News Corp., Avon Products Inc., Stryker Corp., Corning Inc., Procter & Gamble Co., Hewlett Packard Co., Bank Of New York Mellon Corp., Sysco Corp., Patterson Companies Inc., Cisco Systems Inc., Bard C R Inc., Johnson & Johnson, Janus Capital Group Inc., Walmart Stores Inc., Microsoft Corp., Becton Dickinson & Co, Pfizer Inc., H&r Block Inc., Research In Motion Ltd., Exxon Mobil Corp., and sells Kraft Foods Inc (KFT) during the three months ended 09/30/2011, according to the most recent filings of his investment company, Yacktman Asset Management Co. As of 09/30/2011, Yacktman Asset Management Co. owns 59 stocks with a total value of $9.9 billion. These are the details of the buys and sells.

This is the portfolio chart of Donald Yacktman. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Donald Yacktman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Donald+Yacktman

This is the sector weightings of his portfolio:

Consumer Goods 29.9%
Consumer Services 27.3%
Technology 16.6%
Health Care 16.2%
Financials 5%
Oil & Gas 4.4%
Industrials 0.7%


These are the top 5 holdings of Donald Yacktman

  1. PEPSICO INC (PEP) - 19,592,104 shares, 12.3104% of the total portfolio. Shares added by 29.68%
  2. News Corp. (NWSA) - 77,079,367 shares, 12.104% of the total portfolio. Shares added by 16.26%
  3. PROCTER & GAMBLE CO (PG) - 12,649,452 shares, 8.1125% of the total portfolio. Shares added by 12.62%
  4. Microsoft Corp. (MSFT) - 26,354,570 shares, 6.6586% of the total portfolio. Shares added by 2.3%
  5. Cisco Systems Inc. (CSCO) - 31,952,707 shares, 5.0241% of the total portfolio. Shares added by 7.91%


Added: Pepsico Inc (PEP)

Donald Yacktman added to his holdings in Pepsico Inc by 29.68%. His purchase prices were between $59.99 and $70.52, with an estimated average price of $64.12. The impact to his portfolio due to this purchase was 2.82%. His holdings were 19,592,104 shares as of 09/30/2011.

PepsiCo, Inc. consists of: Frito-Lay Company, Pepsi-Cola Company, and Tropicana Products. Pepsico Inc has a market cap of $99.63 billion; its shares were traded at around $62.95 with a P/E ratio of 14.6 and P/S ratio of 1.7. The dividend yield of Pepsico Inc stocks is 3.3%. Pepsico Inc had an annual average earnings growth of 8.5% over the past 10 years. GuruFocus rated Pepsico Inc the business predictability rank of 4.5-star.

Added: News Corp. (NWSA)

Donald Yacktman added to his holdings in News Corp. by 16.26%. His purchase prices were between $13.62 and $18.13, with an estimated average price of $16.19. The impact to his portfolio due to this purchase was 1.69%. His holdings were 77,079,367 shares as of 09/30/2011.

NEWS CORPORATION is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. News Corp. has a market cap of $32.03 billion; its shares were traded at around $17.52 with a P/E ratio of 15 and P/S ratio of 1. The dividend yield of News Corp. stocks is 1.1%.

Added: Stryker Corp (SYK)

Donald Yacktman added to his holdings in Stryker Corp by 103.7%. His purchase prices were between $43.8 and $60.6, with an estimated average price of $51.27. The impact to his portfolio due to this purchase was 1.09%. His holdings were 4,476,966 shares as of 09/30/2011.

Stryker Corporation develops, manufactures, and markets specialty surgical and medical products, including orthopaedic implants, bone cement, trauma systems used in bone repair, powered surgical instruments, endoscopic systems, craniomaxillofacial fixation devices, specialty surgical equipment used in neurosurgery and patient care and handling equipment for the global market and provide outpatient physical and occupational rehabilitation services. Stryker Corp has a market cap of $18.6 billion; its shares were traded at around $47.91 with a P/E ratio of 13.2 and P/S ratio of 2.5. The dividend yield of Stryker Corp stocks is 1.5%. Stryker Corp had an annual average earnings growth of 15.3% over the past 10 years. GuruFocus rated Stryker Corp the business predictability rank of 4.5-star.

Added: Corning Inc /ny (GLW)

Donald Yacktman added to his holdings in Corning Inc /ny by 222.99%. His purchase prices were between $12.13 and $18.31, with an estimated average price of $15.01. The impact to his portfolio due to this purchase was 0.92%. His holdings were 10,576,889 shares as of 09/30/2011.

Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning Inc /ny has a market cap of $22.45 billion; its shares were traded at around $14.29 with a P/E ratio of 7.6 and P/S ratio of 3.4. The dividend yield of Corning Inc /ny stocks is 1.4%. Corning Inc /ny had an annual average earnings growth of 5.2% over the past 5 years.

Added: Procter & Gamble Co (PG)

Donald Yacktman added to his holdings in Procter & Gamble Co by 12.62%. His purchase prices were between $58.51 and $64.95, with an estimated average price of $62.75. The impact to his portfolio due to this purchase was 0.91%. His holdings were 12,649,452 shares as of 09/30/2011.

The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Procter & Gamble Co has a market cap of $175.83 billion; its shares were traded at around $63.99 with a P/E ratio of 16.2 and P/S ratio of 2.1. The dividend yield of Procter & Gamble Co stocks is 3.3%. Procter & Gamble Co had an annual average earnings growth of 8.9% over the past 10 years. GuruFocus rated Procter & Gamble Co the business predictability rank of 3.5-star.

Added: Hewlett Packard Co (HPQ)

Donald Yacktman added to his holdings in Hewlett Packard Co by 58.31%. His purchase prices were between $22.32 and $37.47, with an estimated average price of $29.45. The impact to his portfolio due to this purchase was 0.87%. His holdings were 10,359,253 shares as of 09/30/2011.

Hewlett Packard is one of the global providers of computing and imaging solutions and services for business and home. Hewlett Packard Co has a market cap of $52.87 billion; its shares were traded at around $26.61 with a P/E ratio of 5.3 and P/S ratio of 0.4. The dividend yield of Hewlett Packard Co stocks is 1.8%. Hewlett Packard Co had an annual average earnings growth of 24.3% over the past 5 years.

Added: Bank Of New York Mellon Corp (BK)

Donald Yacktman added to his holdings in Bank Of New York Mellon Corp by 184.76%. His purchase prices were between $18.52 and $26.39, with an estimated average price of $22.12. The impact to his portfolio due to this purchase was 0.8%. His holdings were 6,546,075 shares as of 09/30/2011.

Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of New York Mellon Corp has a market cap of $26.23 billion; its shares were traded at around $21.28 with a P/E ratio of 9.6 and P/S ratio of 1.9. The dividend yield of Bank Of New York Mellon Corp stocks is 2.4%.

Added: Sysco Corp (SYY)

Donald Yacktman added to his holdings in Sysco Corp by 19.87%. His purchase prices were between $25.87 and $31.55, with an estimated average price of $28.69. The impact to his portfolio due to this purchase was 0.64%. His holdings were 14,683,359 shares as of 09/30/2011.

Sysco Corporation is the largest North American distributor of food and food related products to the foodservice or `food-prepared-away-from-home` industry. Sysco Corp has a market cap of $16.41 billion; its shares were traded at around $27.72 with a P/E ratio of 14.4 and P/S ratio of 0.4. The dividend yield of Sysco Corp stocks is 3.7%. Sysco Corp had an annual average earnings growth of 7.1% over the past 10 years. GuruFocus rated Sysco Corp the business predictability rank of 3.5-star.

Added: Patterson Companies Inc. (PDCO)

Donald Yacktman added to his holdings in Patterson Companies Inc. by 375.4%. His purchase prices were between $26.87 and $34.04, with an estimated average price of $29.78. The impact to his portfolio due to this purchase was 0.55%. His holdings were 2,377,000 shares as of 09/30/2011.

Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets. Patterson Companies Inc. has a market cap of $3.73 billion; its shares were traded at around $31.47 with a P/E ratio of 16.8 and P/S ratio of 1.1. The dividend yield of Patterson Companies Inc. stocks is 1.5%. Patterson Companies Inc. had an annual average earnings growth of 11.4% over the past 10 years. GuruFocus rated Patterson Companies Inc. the business predictability rank of 3-star.

Added: Cisco Systems Inc. (CSCO)

Donald Yacktman added to his holdings in Cisco Systems Inc. by 7.91%. His purchase prices were between $13.73 and $16.67, with an estimated average price of $15.71. The impact to his portfolio due to this purchase was 0.37%. His holdings were 31,952,707 shares as of 09/30/2011.

Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $99.41 billion; its shares were traded at around $18.53 with a P/E ratio of 13.2 and P/S ratio of 2.3. The dividend yield of Cisco Systems Inc. stocks is 1.3%. Cisco Systems Inc. had an annual average earnings growth of 11.8% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 2.5-star.

Added: Johnson & Johnson (JNJ)

Donald Yacktman added to his holdings in Johnson & Johnson by 8.26%. His purchase prices were between $60.2 and $67.92, with an estimated average price of $64.79. The impact to his portfolio due to this purchase was 0.32%. His holdings were 6,426,015 shares as of 09/30/2011.

Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $176.45 billion; its shares were traded at around $64.39 with a P/E ratio of 13.1 and P/S ratio of 2.9. The dividend yield of Johnson & Johnson stocks is 3.5%. Johnson & Johnson had an annual average earnings growth of 9.3% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4-star.

Added: Bard C R Inc /nj/ (BCR)

Donald Yacktman added to his holdings in Bard C R Inc /nj/ by 12.97%. His purchase prices were between $85.81 and $113.32, with an estimated average price of $96.51. The impact to his portfolio due to this purchase was 0.32%. His holdings were 3,116,505 shares as of 09/30/2011.

C.R. Bard, Inc. is one of the worldwide leaders in developing, manufacturing, and supplying healthcare products that focus on Vascular, Urology, and Oncology Disease States. Bard C R Inc /nj/ has a market cap of $7.45 billion; its shares were traded at around $85.95 with a P/E ratio of 13.8 and P/S ratio of 2.7. The dividend yield of Bard C R Inc /nj/ stocks is 0.9%. Bard C R Inc /nj/ had an annual average earnings growth of 15.6% over the past 10 years. GuruFocus rated Bard C R Inc /nj/ the business predictability rank of 5-star.

Added: Wal Mart Stores Inc (WMT)

Donald Yacktman added to his holdings in Wal Mart Stores Inc by 13.48%. His purchase prices were between $48.41 and $54.52, with an estimated average price of $52.41. The impact to his portfolio due to this purchase was 0.21%. His holdings were 3,290,063 shares as of 09/30/2011.

Wal-Mart Stores, Inc. is the world's largest retailer. Wal Mart Stores Inc has a market cap of $195.49 billion; its shares were traded at around $56.72 with a P/E ratio of 13.2 and P/S ratio of 0.5. The dividend yield of Wal Mart Stores Inc stocks is 2.6%. Wal Mart Stores Inc had an annual average earnings growth of 11.1% over the past 10 years. GuruFocus rated Wal Mart Stores Inc the business predictability rank of 5-star.

Added: Microsoft Corp. (MSFT)

Donald Yacktman added to his holdings in Microsoft Corp. by 2.3%. His purchase prices were between $24.05 and $28.08, with an estimated average price of $26.18. The impact to his portfolio due to this purchase was 0.15%. His holdings were 26,354,570 shares as of 09/30/2011.

Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $223.11 billion; its shares were traded at around $26.63 with a P/E ratio of 9.9 and P/S ratio of 3.2. The dividend yield of Microsoft Corp. stocks is 2.4%. Microsoft Corp. had an annual average earnings growth of 14.4% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4.5-star.

Added: Pfizer Inc (PFE)

Donald Yacktman added to his holdings in Pfizer Inc by 3.59%. His purchase prices were between $16.66 and $20.78, with an estimated average price of $18.73. The impact to his portfolio due to this purchase was 0.12%. His holdings were 18,609,368 shares as of 09/30/2011.

Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $150.27 billion; its shares were traded at around $19.26 with a P/E ratio of 8.7 and P/S ratio of 2.2. The dividend yield of Pfizer Inc stocks is 4.2%. Pfizer Inc had an annual average earnings growth of 1.2% over the past 10 years.

Added: Becton Dickinson & Co (BDX)

Donald Yacktman added to his holdings in Becton Dickinson & Co by 10.7%. His purchase prices were between $73.25 and $89.74, with an estimated average price of $80.85. The impact to his portfolio due to this purchase was 0.12%. His holdings were 1,624,871 shares as of 09/30/2011.

Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. Becton Dickinson & Co has a market cap of $17.01 billion; its shares were traded at around $78.23 with a P/E ratio of 14.3 and P/S ratio of 2.3. The dividend yield of Becton Dickinson & Co stocks is 2.1%. Becton Dickinson & Co had an annual average earnings growth of 14% over the past 10 years. GuruFocus rated Becton Dickinson & Co the business predictability rank of 5-star.

Added: H&r Block Inc (HRB)

Donald Yacktman added to his holdings in H&r Block Inc by 6.34%. His purchase prices were between $12.73 and $16.37, with an estimated average price of $14.41. The impact to his portfolio due to this purchase was 0.11%. His holdings were 13,100,246 shares as of 09/30/2011.

H&R Block Inc. is a diversified company involved in tax return preparation,electronic filing of income tax returns and other tax-related services. H&r Block Inc has a market cap of $4.68 billion; its shares were traded at around $15.29 with a P/E ratio of 10.1 and P/S ratio of 1.2. The dividend yield of H&r Block Inc stocks is 3.9%.

Added: Research In Motion Ltd. (RIMM)

Donald Yacktman added to his holdings in Research In Motion Ltd. by 16.87%. His purchase prices were between $21.16 and $32.55, with an estimated average price of $26.78. The impact to his portfolio due to this purchase was 0.1%. His holdings were 3,445,855 shares as of 09/30/2011.

RESEARCH IN MOTION is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. Research In Motion Ltd. has a market cap of $10.59 billion; its shares were traded at around $20.2 with a P/E ratio of 3.6 and P/S ratio of 0.5. Research In Motion Ltd. had an annual average earnings growth of 53.4% over the past 5 years.

Added: Exxon Mobil Corp (XOM)

Donald Yacktman added to his holdings in Exxon Mobil Corp by 6.71%. His purchase prices were between $68.03 and $85.22, with an estimated average price of $76.14. The impact to his portfolio due to this purchase was 0.09%. His holdings were 2,036,071 shares as of 09/30/2011.

Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp has a market cap of $379.68 billion; its shares were traded at around $78.09 with a P/E ratio of 9.4 and P/S ratio of 1. The dividend yield of Exxon Mobil Corp stocks is 2.4%. Exxon Mobil Corp had an annual average earnings growth of 9.1% over the past 10 years.

New Purchase: Avon Products Inc (AVP)

Donald Yacktman initiated holdings in Avon Products Inc. His purchase prices were between $19.61 and $28.9, with an estimated average price of $23.71. The impact to his portfolio due to this purchase was 1.2%. His holdings were 6,009,675 shares as of 09/30/2011.

Avon Products, Inc. is one of the world's manufacturers and marketers of beauty and related products, which include cosmetics, fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products. Avon Products Inc has a market cap of $7.87 billion; its shares were traded at around $18.28 with a P/E ratio of 10 and P/S ratio of 0.7. The dividend yield of Avon Products Inc stocks is 5%. Avon Products Inc had an annual average earnings growth of 3.2% over the past 10 years. GuruFocus rated Avon Products Inc the business predictability rank of 3-star.

New Purchase: Janus Capital Group Inc (JNS)

Donald Yacktman initiated holdings in Janus Capital Group Inc. His purchase prices were between $5.92 and $10.12, with an estimated average price of $7.53. The impact to his portfolio due to this purchase was 0.28%. His holdings were 4,538,000 shares as of 09/30/2011.

Janus Capital Group Inc. is a asset manager offering individual investors and institutional clients complementary asset management disciplines through the firm's global distribution network. Janus Capital Group Inc has a market cap of $1.22 billion; its shares were traded at around $6.56 with a P/E ratio of 7.6 and P/S ratio of 1.2. The dividend yield of Janus Capital Group Inc stocks is 3%.

Sold Out: Kraft Foods Inc (KFT)

Donald Yacktman sold out his holdings in Kraft Foods Inc. His sale prices were between $32.8 and $35.93, with an estimated average price of $34.62.

Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc has a market cap of $62.13 billion; its shares were traded at around $35.18 with a P/E ratio of 17 and P/S ratio of 1.3. The dividend yield of Kraft Foods Inc stocks is 3.3%. Kraft Foods Inc had an annual average earnings growth of 2.3% over the past 5 years.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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