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Yacktman Asset Management Cuts Oracle, Coca-Cola, Procter & Gamble

The fund's largest 3rd-quarter sales

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Nov 10, 2017
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Donald Yacktman (Trades, Portfolio) founded Yacktman Asset Management in 1992. The firm manages multiple investment strategies as well as institutional and privately managed separate accounts. During the third quarter the firm sold shares in the following stocks:

The firm reduced its holding of Oracle Corp. (ORCL) by 3.33%, impacting the portfolio by -0.25%.

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The computer software company has a market cap of $210.72 billion and an enterprise value of $197.52 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity (ROE) of 18.95% and return on assets (ROA) of 7.58% are underperforming 71% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.26 is below the industry median of 6.56.

The largest shareholder among the gurus is

First Eagle Investment (Trades, Portfolio) with 0.97% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.85% and First Pacific Advisors (Trades, Portfolio) with 0.51%.

The guru’s holding of Staples Inc. (SPLS) was closed with an impact of -0.22% on the portfolio.

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The provider of easy-to-use websites and mobile platforms has a market cap of $6.73 billion and an enterprise value of $6.59 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of -39.02% and ROA of -18.11% are outperforming 93% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 1.14 is below the industry median of 0.99.

Jim Simons (Trades, Portfolio) is the largest shareholder among the gurus with 0.9% of outstanding shares followed by Joel Greenblatt (Trades, Portfolio) with 0.28%, CI Can Am Small Cap (Trades, Portfolio) with 0.07% and Jeremy Grantham (Trades, Portfolio) with 0.04%.

The PepsiCo Inc. (PEP) position was cut by 0.69%; the transaction had an impact of -0.06% on the portfolio.

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The snack food and beverage company has a market cap of $157.1 billion and an enterprise value of $178.15 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 56.96% and ROA of 9.22% are outperforming 74% of the companies in the Global Beverages - Soft Drinks industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.47 is below the industry median of 0.86.

Yacktman is the largest shareholder among the gurus with 0.56% of outstanding shares followed by

Ken Fisher (Trades, Portfolio) with 0.41%, Simons with 0.4% and Pioneer Investments (Trades, Portfolio) with 0.32%.

The firm reduced its holding of Twenty-First Century Fox Inc. Class A (FOXA) by 0.63%. The trade had an impact of -0.06% on the portfolio.

The media and entertainment company has a market cap of $50.89 billion and an enterprise value of $65.85 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 20.30% and ROA of 5.97% are outperforming 72% of the companies in the Global Media – Diversified industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.31 is below the industry median of 1.47.

The largest shareholder among the gurus is Dodge & Cox with 3.68% of outstanding shares followed by Yacktman with 1.92%, Barrow, Hanley, Mewhinney & Strauss with 1.86% and

Andreas Halvorsen (Trades, Portfolio) with 1.21%.

The guru cut its Procter & Gamble Co. (PG) holding by 18.60%. The trade had an impact of -0.36% on the portfolio.

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The consumer goods company has a market cap of $220.66 billion and an enterprise value of $240.46 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 27.65% and ROA of 12.73% are outperforming 87% of the companies in the Global Household and Personal Products industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.47 is below the industry median of 0.63.

Fisher is the largest shareholder among the gurus with 0.35% of outstanding shares followed by

Yacktman Fund (Trades, Portfolio) with 0.31% and Yacktman Focused Fund (Trades, Portfolio) with 0.19%.

Coca-Cola Co. (KO)’s stake was reduced by 0.63% impacting the portfolio by -0.04%.

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The manufacturer of nonalcoholic drinks has a market cap of $195.74 billion and an enterprise value of $222.65 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 19.59% and ROA of 5.01% are outperforming 52% of the companies in the Global Beverages - Soft Drinks industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.45 is below the industry median of 0.86.

The largest shareholder among the gurus is

Warren Buffett (Trades, Portfolio) with 9.39% of outstanding shares followed by Yacktman with 0.38%, Yacktman Fund with 0.21%, Grantham with 0.14% and Yacktman Focused Fund with 0.11%.

The holding of Cisco Systems Inc. (CSCO) was curbed by 0.46%. The trade had an impact of -0.03% on the portfolio.

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The supplier of data networking equipment and software has a market cap of $170.34 billion and an enterprise value of $133.57 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 14.91% and ROA of 7.63% are outperforming 78% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 2.09 is below the industry median of 2.24.

Dodge & Cox is the largest shareholder among the gurus with 1.3% of outstanding shares followed by

PRIMECAP Management (Trades, Portfolio) with 0.57% and Fisher with 0.33%.

The Johnson & Johnson (JNJ)’s position was reduced by 0.38% impacting the portfolio by -0.03%.

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The producer of health care products has a market cap of $375.49 billion and an enterprise value of $394.43 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 22.11% and ROA of 11.00% are outperforming 81% of the companies in the Global Drug Manufacturers - Major industry. Financial strength has a rating of 6 out of 10.

The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.46% of outstanding shares followed by Fisher with 0.44%, Simons with 0.23%, Grantham with 0.19% and

T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.12%.

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

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