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Tiziano Frateschi
Tiziano Frateschi
Articles (2429)  | Author's Website |

Yacktman Fund Sells Pepsi, Coca-Cola, Microsoft

Largest sales by the firm in second quarter

Yacktman Fund (Trades, Portfolio) manages a portfolio composed of 36% with total value of $7.04 billion. During the second quarter it sold shares in the following stocks:

The fund reduced its stake in PepsiCo Inc. (PEP) by 15.91% and with an impact of -1.48% on the portfolio.

PepsiCo is a food, snack and beverage company. It manufactures, markets, distributes and sells convenient and enjoyable beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.

Second-quarter net revenue declined 3.3% and gross margin expanded 115 basis points. The company reported 2% increase for operating profit.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 39.86% and ROA of 7.31% that are out performing 63% of the companies in the Global Beverages - Soft Drinks industry. Financial strength has a rating of 6 out of 10, with cash to debt of 0.38 that is below industry median of 0.69.

The largest shareholder among the gurus is Donald Yacktman (Trades, Portfolio) with 0.93% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 0.37%, Jim Simons (Trades, Portfolio) with 0.26%, Yacktman Focused Fund (Trades, Portfolio) with 0.22%and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.16%.

The fund reduced its stake in Sysco Corp. (SYY) by 14.29% and with an impact of -0.84% on the portfolio.

The company through its subsidiaries and divisions is engaged in the distribution of food and related products to the foodservice or food-away-from-home industry.

Third-quarter sales increased 2% and gross profit grew 4.1%. The company reported an increase of 16% for adjusted operating income.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 16.96% and ROA of 5.33% that are out performing 67% of the companies in the Global Food Distribution industry. Financial strength has a rating of 9 out of 10, with cash to debt 0.14 that is below the industry median of 0.53.

Donald Yacktman (Trades, Portfolio) is the shareholder of the company among the gurus, with 3.08% of outstanding shares followed by Yacktman Fund (Trades, Portfolio) with 1.38%, Diamond Hill Capital (Trades, Portfolio) with 1.27%, Jim Simons (Trades, Portfolio) with 0.44% and Jeremy Grantham (Trades, Portfolio) with 0.09%.

The fund reduced its stake in Exxon Mobil Corp. (XOM) by 17.39% and with an impact of -0.46% on the portfolio.

The company is engaged in energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products.

During the first quarter. earnings were $1.8 billion, or 43 cents per diluted share, compared with $4.9 billion a year earlier, a decrease of 63% from the same quarter a year before. The company reported 33% decrease for capital and exploration expenditures.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 7.59% and ROA of 3.80% that are out performing 68% of the companies in the Global Oil & Gas Integrated industry. Financial strength has a rating of 7 out of 10, with cash to debt of 0.11 that is below industry median of 0.31.

The largest shareholder among the gurus is T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.15% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 0.12%, Ken Fisher (Trades, Portfolio) with 0.11%, Donald Yacktman (Trades, Portfolio) with 0.1%, Yacktman Fund (Trades, Portfolio) with 0.05% and Mairs and Power (Trades, Portfolio) with 0.02%.

The fund reduced its stake in Wal-Mart Stores Inc. (WMT) by 30.77% and with an impact of -0.35% on the portfolio.

The company operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam's Club in three categories retail, wholesale and others.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 18.47% and ROA of 7.20% that are out performing 78% of the companies in the Global Discount Stores industry. Financial strength has a rating of 6 out of 10, with cash to debt 0.15 that is below the industry median of 0.53.

Warren Buffett (Trades, Portfolio) is the shareholder of the company among the gurus, with 1.77% of outstanding shares followed by Dodge & Cox with 0.97%, Bill Gates (Trades, Portfolio) with 0.37%, Richard Pzena (Trades, Portfolio) with 0.18% and Barrow, Hanley, Mewhinney & Strauss with 0.16%.

The firm closed its stake in Clorox Co. (CLX) by an impact of -0.35% on the portfolio.

It is engaged in manufacturing and marketing consumer and professional products. The company operates through four segments including; Cleaning, Household, Lifestyle and International.

First quarter diluted EPS increased 12% and volume grew 4%. The company reported 2% increase for sales.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 338.35% and ROA of 16.09% that are out performing 93% of the companies in the Global Household & Personal Products industry. Financial strength has a rating of 6 out of 10, with cash to debt of 0.19 that is below industry median of 0.64.

The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 0.89% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.37%, Donald Yacktman (Trades, Portfolio) with 0.24%, Ray Dalio (Trades, Portfolio) with 0.01% and Manning & Napier Advisors Inc. with 0.01%.

The fund reduced its stake in Microsoft Corp. (MSFT) by 1.39% and with an impact of -0.08% on the portfolio.

The company is engaged in designing, manufacturing, selling devices and online advertising. Its products include operating systems for computing devices, servers, phones and other devices.

During the fourth quarter, Microsoft returned $6.4 billion to shareholders in the form of share repurchases and dividends and revenue was $20.6 billion GAAP, and $22.6 billion non-GAAP.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 21.64% and ROA of 9.12% that are out performing 64% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 7 out of 10, with cash to debt 2.11 that is below the industry median of 11.4.

PRIMECAP Management (Trades, Portfolio) is the shareholder of the company among the gurus, with 0.76% of outstanding shares followed by Jeff Ubben (Trades, Portfolio) with 0.72%, Dodge & Cox with 0.67%, Barrow, Hanley, Mewhinney & Strauss with 0.35% and Steve Mandel (Trades, Portfolio) with 0.33%.

The firm reduced its stake in Coca-Cola Co. (KO) by 5.32% and with an impact of -0.32% on the portfolio.

The company manufactures, distributes and markets non-alcoholic beverage concentrates and syrups.

During the last quarter revenue declined 4% from the first quarter of a year before but organic revenue grew 2%. The company reported an increase of 2% for global volume.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 27.20% and ROA of 7.93 that are out performing 65% of the companies in the Global Beverages - Soft Drinks industry. Financial strength has a rating of 6 out of 10, with cash to debt of 0.47 that is below industry median of 0.69.

The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 9.25% of outstanding shares followed by Donald Yacktman (Trades, Portfolio) with 0.42%, Ken Fisher (Trades, Portfolio) with 0.24%, Jeremy Grantham (Trades, Portfolio) with 0.24% and Yacktman Fund (Trades, Portfolio) with 0.21%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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