Prices Go Up for Some New Positions in Sarah Ketterer's Portfolio

Grupo Televisa, Diageo, Rio Tinto and Southern Copper are also new buys, but their prices tumble

Author's Avatar
Dec 24, 2015
Article's Main Image

Seven stocks got new positions in Sarah Ketterer (Trades, Portfolio)'s portfolio in the third quarter.

Ketterer has been the chief executive officer of Causeway Capital Management since June 2001. She focuses on global equities: International, global and emerging markets. She and her team begin with a screen of both large and mid-sized companies in the developed international markets.

Ketterer acquired a 1,841,025-share stake in Cabela's Inc. (CAB) at an average price of $46.66 per share. The company operates as a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The deal had a 2.1% impact on her portfolio, and the stock price went up 1%. Currently it is trading at $47.05.

The company has a market cap of $3.21 billion and an enterprise value of $7.42 billion. It has a P/E of 17.47, a forward P/E of 14.18, a P/B of 1.79 and a P/S of 0.87. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 7/10.

Louis Moore Bacon (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio) and Ray Dalio (Trades, Portfolio) are other gurus who acquired new positions in the company. Ruane Cunniff (Trades, Portfolio), Private Capital (Trades, Portfolio) and Mairs and Power (Trades, Portfolio) increased their holdings.

The guru bought a 1,143,400-share stake in Grupo Televisa SABÂ (TV) at an average price of $32.07 per share. The company operates four broadcast channels in Mexico and has network coverage through affiliated stations throughout the country. The deal had a 0.6% impact on her portfolio, and the stock price dropped 13%. Currently it is trading at $28 per share.

The company has a market cap of $16.21 billion and an enterprise value of $20.46 billion. It has a P/E of 28.24, a forward P/E of 38.46, a P/B of 3.35 and a P/S of 3.42. GuruFocus has given the stock a financial strength rating of 5/10 and a profitability and growth rating of 8/10.

Jim Simons (Trades, Portfolio) is another guru who acquired a new position in the company. First Eagle Investment (Trades, Portfolio), Dodge & Cox, Ken Fisher (Trades, Portfolio), Howard Marks (Trades, Portfolio) and Chris Davis (Trades, Portfolio) increased their holdings.

She acquired a 137,126-share stake in Diageo PLCÂ (DEO) at an average price of $111.08 per share. The company is in the alcoholic beverage business. It is engaged in the production, marketing and selling of beverages with brands in spirits, beer and wine. The deal had a 0.3% impact on her portfolio, and the stock price dropped by 1%. Currently it is trading at $110.26.

The company has a market cap of $67.99 billion and an enterprise value of $91.7 billion. It has a P/E of 19.26, a forward P/E of 19.69, a P/B of 6.46 and a P/S of 4.22. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 7/10.

The stock got new positions in the portfolios of Steve Mandel (Trades, Portfolio) and Tom Gayner (Trades, Portfolio);Â Tom Russo (Trades, Portfolio), Charles Brandes (Trades, Portfolio) and Ken Fisher increased their holdings.

Ketterer bought a 1,143,400-share stake in Rio Tinto PLCÂ (RIO) at an average price of $37.42 per share. The company is an international mining group that is engaged in finding, mining and processing the Earth's mineral resources. Its products are bauxite, alumina, aluminium, salt, diamonds, borates and titanium dioxide. The deal had a 0.2% impact on the portfolio, and the stock price dropped 20%. Currently it is trading at $29.86 per share.

The company has a market cap of $551.61 billion and an enterprise value of $68.58 billion. It has a P/E of 8.55, a forward P/E of 9.65, a P/B of 1.26 and a P/S of 1.26. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 7/10.

The stock did not get a new position in another guru's portfolio, but James Barrow (Trades, Portfolio)Â increased his stake. Richard Snow (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Dodge & Cox, Jim Simons (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) reduced their holdings in the third quarter.

Ketterer acquired a 132,716-share stake in Unilever NVÂ (UN) at an average price of $42.11 per share. The company is a supplier of fast-moving consumer goods. Its four principal areas of operations are: Personal Care, Home Care, Foods and Refreshment. Personal Care includes sales of skin care and hair care products, deodorants and oral care products. The deal had a 0.11% impact on his portfolio, and the stock price went up 4%. Currently it is trading at $43.63.

The company has a market cap of $129.4 billion and an enterprise value of $126.71 billion. It has a P/E of 22.06, a forward P/E of 20.16, a P/B of 7.37 and a P/S of 2.31. GuruFocus has given the stock a financial strength rating of 8/10 and a profitability and growth rating of 7/10.

The stock did not get a new position in another guru's portfolio nor was it increased in another portfolio, but it lost its position in the portfolio of Charles Brandes (Trades, Portfolio); Tom Russo (Trades, Portfolio), Donald Yacktman (Trades, Portfolio), Tweedy Browne (Trades, Portfolio), Jeff Auxier (Trades, Portfolio), Dodge & Cox and Ken Fisher (Trades, Portfolio) reduced their holdings.

Ketterer bought a 148,900-share stake in JinkoSolar Holding Co. Ltd. (JKS) at an average price of $22.59 per share. The company is a solar power product manufacturer. It has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar project development. The deal had a 0.07% impact on the portfolio, and the stock price went up 26%. Currently it is trading at $28.52 per share.

The company has a market cap of $863.45 million and an enterprise value of $2.15 billion. It has a P/E of 16.87, a forward P/E of 6.80, a P/B of 1.38 and a P/S of 0.51. GuruFocus has given the stock a financial strength rating of 3/10 and a profitability and growth rating of 6/10.

The stock was traded by two gurus in this quarter. Ketterer acquired a new position, and Louis Moore Bacon (Trades, Portfolio) exited his position.

Ketterer acquired a 800-share stake in Southern Copper Corp. (SCCO) at an average price of $27.43 per share. The company produces copper, molybdenum, zinc and silver. Its mining, smelting and refining facilities are located in Peru and Mexico, and it conducts exploration activities in those countries and in Argentina, Chile and Ecuador. The stock price dropped by 3%. Currently it is trading at $26.69.

The company has a market cap of $19.53 billion and an enterprise value of $24.13 billion. It has a P/E of 19.71, a forward P/E of 47.17, a P/B of 3.53 and a P/S of 3.80. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 7/10.

Steven Cohen (Trades, Portfolio) and RS Investment Management (Trades, Portfolio) acquired new positions in the company. David Dreman (Trades, Portfolio) closed his position, Ray Dalio (Trades, Portfolio) increased his stake, and Jeremy Grantham (Trades, Portfolio) reduced his stake.