The Yacktman Fund (Trades, Portfolio) is non-diversified and mainly invests in common stocks of U.S. companies of any size, some, but not all of which, pay dividends. During the first quarter of the year, the fund focused its trades on sales.
The fund reduced its stake in Procter & Gamble Co. (PG) by 10.87% with an impact of -1.08% on the portfolio.
The company provides consumer packaged goods. Its products are sold in more than 180 countries through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, salons and in high-frequency stores. In fiscal 2015, P&G delivered strong, double-digit constant currency core EPS growth and very good free cash flow productivity of over 100% on modest organic sales growth. Recently it announced the sale of its Hipoglós diaper rash cream brand in Brazil to Johnson & Johnson (JNJ).
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 12.92% and ROA of 6.47% that are outperforming 70% of the companies in the industry. Financial strength has a rating of 8 out of 10, with cash to debt of 0.45 that is below industry median of 0.65.
Warren Buffett (Trades, Portfolio) is another large guru shareholder with 1.95% of outstanding shares, followed by Donald Yacktman (Trades, Portfolio) with 0.81, Jeremy Grantham (Trades, Portfolio) with 0.31%,Yacktman Fund (Trades, Portfolio) with 0.3%, Ken Fisher (Trades, Portfolio) 0.29%, Diamond Hill Capital (Trades, Portfolio) with 0.16% and Manning & Napier Advisors with 0.01%.
The guru reduced its stake in Sysco Corp. (SYY) by 14.95% and with an impact of -0.89% on the portfolio.
The company is engaged in the distribution of food and related products to the foodservice or food-away-from-home industry. Second quarter fiscal 2016 sales increased 0.6% and gross profit increased 2.8%. It reported 4.2% increase for adjusted operating income.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 15.24% and ROA of 4.77% that are outperforming 63% of other companies in the Global Food Distribution industry. Financial strength has a rating of 8 out of 10, with cash to debt of 0.14 that is below industry median of 0.60.
The largest shareholder among the gurus is Donald Yacktman (Trades, Portfolio) with 3.64% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 1.25%, Jim Simons (Trades, Portfolio) with 0.51%, Jeremy Grantham (Trades, Portfolio) with 0.18% and Manning & Napier Advisors with 0.01%.
The fund reduced its stake in Oracle Corp. (ORCL) by 12.50% with an impact of -0.74% on the portfolio.
The company develops, manufactures, markets, hosts and supports database and middleware software, application software, cloud infrastructure, hardware system including computer server, storage and networking products and related services that are engineered to work together in cloud-based and on-premise information technology environments.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 18.76% and ROA of 8.33% that are outperforming 75% of the companies in the industry. Financial strength has a rating of 7 out of 10, with cash to debt of 1.27 that is far below industry median of 12.17.
First Eagle Investment (Trades, Portfolio) is another guru shareholder of the company with 0.95% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.89%, First Pacific Advisors (Trades, Portfolio) with 0.58%, Steven Romick (Trades, Portfolio) with 0.52% and Jeremy Grantham (Trades, Portfolio) with 0.42%.
The guru reduced its stake in PepsiCo Inc. (PEP) by 7.04% with an impact of -0.68% on the portfolio.
The company is organized into six business units as follows: Frito-Lay North America, Quaker Foods North America, Latin America Foods, PepsiCo Americas Beverages, PepsiCo Europe, PepsiCo Asia, Middle East and Africa. Fourth quarter organic revenue growth of 4% and core constant currency EPS growth grew 3%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 36.34% and ROA of 7.75% that are outperforming 66% of other companies in the Global Beverages - Soft Drinks industry. Financial strength has a rating of 8 out of 10, with cash to debt of 0.36 that is below industry median of 0.66.
Other notable shareholders among the gurus are Donald Yacktman (Trades, Portfolio) who holds 0.99% of outstanding shares, Ken Fisher (Trades, Portfolio) with 0.37%, First Eagle Investment (Trades, Portfolio) with 0.18%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.15%, Pioneer Investments (Trades, Portfolio) with 0.14% and Jeremy Grantham (Trades, Portfolio) with 0.14%.
The fund reduced its stake in Coca-Cola (KO) by 7.78% with an impact of -0.47% on the portfolio.
The beverage company owns or licences more than 500 non-alcoholic beverage brands, mainly sparkling beverages, but also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 26.41% and ROA of 8.00% that are outperforming 68% of the companies in the industry. Financial strength has a rating of 8 out of 10, with cash to debt of 0.45 that is below industry median of 0.66.
Warren Buffett (Trades, Portfolio) is the largest guru shareholder with 9.24% of outstanding shares, followed by Donald Yacktman (Trades, Portfolio) with 0.46%, Jeremy Grantham (Trades, Portfolio) with 0.26%, Ken Fisher (Trades, Portfolio) with 0.24%, Yacktman Fund (Trades, Portfolio) with 0.22%, Jim Simons (Trades, Portfolio) with 0.12% and Pioneer Investments (Trades, Portfolio) with 0.08%.
The fund reduced its stake in Cisco Systems Inc. (CSCO) by 4.94% with an impact of -0.29% on the portfolio.
The company is engaged in designing, manufacturing and selling of Internet Protocol based networking products and services related to the communications and information technology industry. Second quarter fiscal 2016 revenue increased 2% year over year and net income had a 31% increase.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 17.39% and ROA of 9.41% that are outperforming 85% of other companies in the Global Communication Equipment industry. Financial strength has a rating of 6 out of 10 with cash to debt of 2.45.
Other notable shareholders among the gurus are Dodge & Cox with 1.35% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio) with 0.6%, PRIMECAP Management (Trades, Portfolio) with 0.5%, First Pacific Advisors (Trades, Portfolio) with 0.33%, Steven Romick (Trades, Portfolio) with 0.31% and Ken Fisher (Trades, Portfolio) with 0.31%.
The fund reduced its stake in Microsoft Corp. (MSFT) by 2.70% with an impact of -0.15% on the portfolio.
The company generates revenue by developing, manufacturing, licensing, and supporting software products and services for different types of computing devices.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 13.70% and ROA of 6.48% that are outperforming 67% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 8 out of 10, with cash to debt of 2.31 that is below industry median of 12.17.
Dodge & Cox holds 0.84% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.75%, Jeff Ubben (Trades, Portfolio) with 0.72%, First Eagle Investment (Trades, Portfolio) with 0.38%, Barrow, Hanley, Mewhinney & Strauss with 0.37%, Steve Mandel (Trades, Portfolio) with 0.34% and Ken Fisher (Trades, Portfolio) with 0.23%.
The largest stock buy was in Twenty-First Century Fox Inc. (FOXA). The fund increased its stake by 2.04% with an impact of 0.15% on the portfolio.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 14.20% and ROA of 4.81% that is outperforming 63% of other companies in the Global Media - Diversified industry. Financial strength has a rating of 7 out of 10, with cash to debt of 0.22 that is below industry median of 1.67.
Other shareholders among the gurus are Dodge & Cox with 2.45% of outstanding shares, followed by Donald Yacktman (Trades, Portfolio) with 2.02%, Manning & Napier Advisors with 0.55%, Warren Buffett (Trades, Portfolio) with 0.47%, David Einhorn (Trades, Portfolio) with 0.23% and Seth Klarman (Trades, Portfolio) with 0.21%.
