During the second quarter, Donald Yacktman (Trades, Portfolio) of Yacktman Asset Management added to his stakes in Bank of New York Mellon Corp. (BK, Financial), State Street Corp. (STT, Financial) and Hewlett Packard Enterprise Co. (HPE, Financial).
Yacktman purchased 35,115 shares in Bank of New York Mellon at an average price of $39.78 per share. He now holds a total of 5,980,155 shares. The transaction had an impact of 0.01% on his portfolio.
The Bank of New York Mellon is a global investment company headquartered in New York City. It has a market cap of $42.2 billion. Its price-earnings (P/E) ratio is 14.3 with a forward P/E of 13.3. It has a price-book (P/B) ratio of 1.19 and a price-sales (P/S) ratio of 2.9. GuruFocus ranked its financial strength 6 of 10 and its profitability and growth 7 of 10.
Yacktman has been involved with Bank of New York Mellon for several years. Other gurus who own stock in the company are Tweedy Browne (Trades, Portfolio), T Rowe Price Equity Income Fund, Charles Brandes (Trades, Portfolio), Martin Whitman (Trades, Portfolio), Dodge & Cox, First Eagle Investment (Trades, Portfolio), Warren Buffett (Trades, Portfolio), Chris Davis (Trades, Portfolio) and Bill Nygren (Trades, Portfolio).
In State Street, Yacktman purchased 15,000 shares at an average price of $59.74 per share. He now holds a total of 1,690,800 shares. The transaction had an impact of 0.01% on his portfolio.
State Street is a financial holding company providing two main services, investment servicing and investment management. The company has a market cap of $26.7 billion. It has a P/E of 13.9 with a forward P/E of 14.4. It has a P/B of 1.45 and a P/S of 2.74. GuruFocus ranked its financial strength 6 of 10 and its profitability and growth 6 of 10.
Yacktman has been invested in State Street since the fourth quarter of 2011. Other gurus holding a position in State Street are Barrow, Hanley, Mewhinney & Strauss, T Rowe Price Equity Income Fund, Richard Pzena (Trades, Portfolio) and Charles Brandes (Trades, Portfolio) among others.
In Hewlett Packard, Yacktman purchased 34,824 shares at an average price of $17.51 per share. He now holds a total of 2,836,380 shares. The transaction had an impact of 0.01% on his portfolio.
Hewlett Packard is a technology company. It has a market cap of $36.13 billion with an enterprise value of $42.3 billion. It has a P/E of 12.9 with a forward P/E of 10.4. Its P/B is 1.18, and its P/S is 0.75. GuruFocus ranked its financial strength 5 of 10 and its profitability and growth 3 of 10.
Other gurus invested in Hewlett Packard include Richard Pzena (Trades, Portfolio), Richard Snow (Trades, Portfolio), Jeff Auxier (Trades, Portfolio), Dodge & Cox, PRIMECAP Management (Trades, Portfolio) and Hotchkis & Wiley.
Donald Yacktman (Trades, Portfolio) founded Yacktman Asset Management in 1992, where he served as portfolio manager until his son, Stephen, stepped into the role in early 2016. Their company manages the Yacktman Fund (Trades, Portfolio) and the Yacktman Focused Fund (Trades, Portfolio).
Yacktman reduced his stakes in PepsiCo (PEP, Financial), Sysco Corp. (SYY, Financial) and C.R. Bard Inc. (BCR, Financial) during the second quarter.
Yacktman sold 2,790,910 shares in PepsiCo at an average price of $103.19 per share. He now holds a total of 10,614,023 shares. The transaction had an impact of -2.23% on his portfolio.
PepsiCo is an international food, snack and beverage company headquartered in Purchase, New York. It has a market cap of $156.7 billion with an enterprise value of $179.5 billion. It has a P/E of 30.6 with a forward P/E of 23.2. Its P/B is 12.8, and its P/S is 2.6. GuruFocus ranked its financial strength 5 of 10 and its profitability and growth 7 of 10.
Yacktman has been involved with PepsiCo for many years. Other gurus with a position in PepsiCo are T Rowe Price Equity Income Fund, First Eagle Investment (Trades, Portfolio), Charles Brandes (Trades, Portfolio), Mario Gabelli (Trades, Portfolio) and Tom Gayner (Trades, Portfolio) among others.
He sold 2,526,473 shares in Sysco at an average price of $48.38 per share. He now holds a total of 14,831,661 shares. The transaction had an impact of -0.92% on his portfolio.
Sysco is engaged in the distribution of food and related products to foodservice locations and restaurants. It has a market cap of $29.23 billion with an enterprise value of $33.4 billion. It has a P/E of 37.4 with a forward P/E of 23.04. Its P/B is 7.4, and its P/S is 0.6. GuruFocus ranked its financial strength 6 of 10 and its profitability and growth 6 of 10.
Yacktman has been involved in Sysco for several years. Other gurus with a position in Sysco include Diamond Hill Capital (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Manning & Napier Advisors Inc.
Yacktman sold 470,594 shares in C.R. Bard at an average price of $217.21 per share. He now holds 806,300 shares. The transaction had an impact of -0.74% on his portfolio.
C. R. Bard manufactures, packages, distributes and sells medical, surgical, diagnostic and patient care devices to hospitals, private health care professionals and extended care facilities. It has a market cap of $16.4 billion with an enterprise value of $17.3 billion. It has a P/E of 52.3 with a forward P/E of 22.2. Its P/B is 10.1, and its P/S is 4.75. GuruFocus ranked its financial strength 6 of 10 and its profitability and growth 7 of 10.
Yacktman has been invested in C. R. Bard prior to 2011. Other gurus with a position include Ray Dalio (Trades, Portfolio), Jim Simons (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio).
Disclosure: I do not own stock in any companies mentioned in the article.
Start a free 7-day trial of Premium Membership to GuruFocus.
