(GuruFocus, September 22, 2009) Investment Guru Donald Yacktman does not manage multi-billion dollars and does not make multi-billions in one mega-trade. But GuruFocus regards him very highly for making the right turns at the right time. On the eve of dot.com bubble, he refused to join the crowd to bid up the dot.com companies. In early 2008, he went substantially in cash and avoided financially. And in late 2008 and 2009, he went to a buy spree. And lately, he became more conservative and went back to stable companies such as Coca-Cola and P&G.
The market has rewarded him accordingly. According to Kiplinger’s, the two mutual funds that Don Yacktman manages rank among the top funds in the large-cap value category, beating S&P 500 and peers by a large margin.
In a recent Bloomberg interview, Yacktman advised investors to be “patient, and have a strategy that is repeatable”. What’s so special about Don Yacktman? What compass he uses to avoid the pitfalls during the past decade? Do you want to know? GuruFocus brings this rare opportunity to our users in which you can ask questions and the veteran money manager will answer.
As of June 30, 2009, Yacktman reported a total of $1.06 billion asset under management, distributed among 83 stocks. GuruFocus wants to look at the portfolio from different angles. Today, we look at how the portfolio resembles that of Buffett’s.
There are about 10,000 stocks traded on the market. Yacktman Funds only owns 83; the more concentrated of the two mutual funds, Yacktman Focus owns only about 20 stocks. Yet, we find Yacktman shares the following 18 stocks ideas with Buffett, according to GuruFocus Aggregated Guru Portfolio screen:
The Coca-Cola Company (KO, Financial)
The Coca-Cola Company is the world's largest beverage company and is the leading producer and marketer of soft drinks. Along with Coca-Cola recognized as the world's best-known brand The Coca-Cola Company markets four of the world's top five soft drink brands including diet Coke Fanta and Sprite. Through the world's largest distribution system consumers in nearly 200 countries enjoy The Coca-Cola Company's products at a rate of more than 1 billion servings each day. The Cocacola Company has a market cap of $122.83 billion; its shares were traded at around $53 with a P/E ratio of 17.4 and P/S ratio of 3.8. The dividend yield of The Cocacola Company stocks is 3.1%. The Cocacola Company had an annual average earning growth of 5.3% over the past 10 years. GuruFocus rated The Cocacola Company the business predictability rank of 2-star.
Yacktman owns 1,717,495 shares as of 06/30/2009, an increase of 27.5% from the previous quarter. This position accounts for 7.74% of the $1.06 billion portfolio of Yacktman Asset Management Co.
Buffett owns 200,000,000 shares as of 06/30/2009, which accounts for 19.61% of the $48.95 billion portfolio of Berkshire Hathaway.
Wells Fargo & Company (WFC, Financial)
Wells Fargo & Company is a diversified financial services company providing banking insurance investments mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally. (Company Press Release) Wells Fargo & Company has a market cap of $132.16 billion; its shares were traded at around $28.29 with a P/E ratio of 31.8 and P/S ratio of 2.5. The dividend yield of Wells Fargo & Company stocks is 0.7%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Wells Fargo & Company the business predictability rank of 4-star.
Yacktman owns 14,500 shares as of 06/30/2009, which accounts for 0.03% of the $1.06 billion portfolio of Yacktman Asset Management Co..
Buffett owns 302,609,212 shares as of 06/30/2009, which accounts for 15% of the $48.95 billion portfolio of Berkshire Hathaway.
The Procter & Gamble Company (PG, Financial)
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Products fall into five business segments: fabric and home care paper beauty care health care and food and beverage. Today P&G markets more than 250 products to more than five billion consumers in 130 countries. The Procter & Gamble Company has a market cap of $166.68 billion; its shares were traded at around $57.1 with a P/E ratio of 15.9 and P/S ratio of 2.1. The dividend yield of The Procter & Gamble Company stocks is 3.1%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 3-star.
Yacktman owns 673,947 shares as of 06/30/2009, an increase of 199.8% from the previous quarter. This position accounts for 3.23% of the $1.06 billion portfolio of Yacktman Asset Management Co.
Buffett owns 96,316,010 shares as of 06/30/2009, which accounts for 10.05% of the $48.95 billion portfolio of Berkshire Hathaway.
ConocoPhillips (COP, Financial)
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $68.44 billion; its shares were traded at around $46.15 with a P/E ratio of 7.6 and P/S ratio of 0.3. The dividend yield of Conocophillips stocks is 4.1%. Conocophillips had an annual average earning growth of 19% over the past 10 years.
Yacktman owns 1,052,315 shares as of 06/30/2009, an increase of 251.71% from the previous quarter. This position accounts for 4.16% of the $1.06 billion portfolio of Yacktman Asset Management Co..
Buffett owns 64,485,759 shares as of 06/30/2009, which accounts for 5.54% of the $48.95 billion portfolio of Berkshire Hathaway.
American Express Company (AXP, Financial)
American Express Company is primarily engaged in the business of providing travel related services financial advisory services and international banking services throughout the world. American Express Travel Related Services Company Inc. provides a variety of products and services including global network services the American Express Card the Optima Card and other consumer and corporate lending products stored value products and several others. American Express Company has a market cap of $40.15 billion; its shares were traded at around $33.76 with a P/E ratio of 24.8 and P/S ratio of 1.4. The dividend yield of American Express Company stocks is 2.1%. American Express Company had an annual average earning growth of 1.3% over the past 10 years.
Yacktman owns 412,014 shares as of 06/30/2009, which accounts for 0.9% of the $1.06 billion portfolio of Yacktman Asset Management Co..
Buffett owns 151,610,700 shares as of 06/30/2009, which accounts for 7.2% of the $48.95 billion portfolio of Berkshire Hathaway.
Kraft Foods Inc. (KFT, Financial)
Kraft Foods Inc. is the largest branded food and beverage company headquartered in the U.S. and the second largest in the world. They have a superior brand portfolio created and supported through dynamic product innovation worldclass marketing experienced management global scale and strategic acquisitions. Consumers of all ages around the world enjoy their brands across the entire spectrum of food and beverage occasions: breakfast lunch dinner and snacks. Brands include Kraft Nabisco Oscar Mayer Post Maxwell House Philadelphia and Jacobs. Kraft Foods Inc. has a market cap of $39.46 billion; its shares were traded at around $26.75 with a P/E ratio of 14.2 and P/S ratio of 0.9. The dividend yield of Kraft Foods Inc. stocks is 4.3%.
Yacktman owns 44,220 shares as of 06/30/2009, which accounts for 0.11% of the $1.06 billion portfolio of Yacktman Asset Management Co..
Buffett owns 138,272,500 shares as of 06/30/2009, which accounts for 7.16% of the $48.95 billion portfolio of Berkshire Hathaway.
Conclusion
Yacktman advises investor to flight to quality in a recent interview, for himself, it seems Buffett’s stock is a good quality stock to start with. Yacktman owns 18 out of the 41 Buffett stocks.
GuruFocus provides real time information and insights of Investment Gurus such as Buffett and Yacktman for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
To ask Yacktman a question, please follow our original announcement thread or reply to this message. As a bonus, you can also ask Brian Yacktman questions. Brian is a son of Don Yacktman, he uses option to enhance returns and manage risks.
To know more about Yacktman and his funds, go to The Yacktman Funds website
To know more about Brian Yacktman and his strategy, go to Yacktman Capital Group, LLC (YCG) Also check out:
The market has rewarded him accordingly. According to Kiplinger’s, the two mutual funds that Don Yacktman manages rank among the top funds in the large-cap value category, beating S&P 500 and peers by a large margin.
In a recent Bloomberg interview, Yacktman advised investors to be “patient, and have a strategy that is repeatable”. What’s so special about Don Yacktman? What compass he uses to avoid the pitfalls during the past decade? Do you want to know? GuruFocus brings this rare opportunity to our users in which you can ask questions and the veteran money manager will answer.
As of June 30, 2009, Yacktman reported a total of $1.06 billion asset under management, distributed among 83 stocks. GuruFocus wants to look at the portfolio from different angles. Today, we look at how the portfolio resembles that of Buffett’s.
There are about 10,000 stocks traded on the market. Yacktman Funds only owns 83; the more concentrated of the two mutual funds, Yacktman Focus owns only about 20 stocks. Yet, we find Yacktman shares the following 18 stocks ideas with Buffett, according to GuruFocus Aggregated Guru Portfolio screen:
| Symbol | Company | Price | # of Guru Owners | # of Guru Buys Last Quarter | # of Guru Sells Last Quarter | Combined Weightings (%) |
|---|---|---|---|---|---|---|
| KO | The CocaCola Company | $53 | 2 | 1 | 0 | 27.35 |
| WFC | Wells Fargo & Company | $28.29 | 2 | 0 | 0 | 15.03 |
| PG | The Procter & Gamble Company | $57.1 | 2 | 1 | 0 | 13.28 |
| COP | ConocoPhillips | $46.15 | 2 | 1 | 1 | 9.70 |
| AXP | American Express Company | $33.76 | 2 | 0 | 1 | 8.10 |
| KFT | Kraft Foods Inc. | $26.75 | 2 | 0 | 1 | 7.27 |
| JNJ | Johnson & Johnson | $60.67 | 2 | 2 | 0 | 6.06 |
| USB | U.S. Bancorp | $22.43 | 2 | 1 | 0 | 3.99 |
| WSC | Wesco Financial Corp | $314 | 2 | 0 | 1 | 3.56 |
| UNH | UnitedHealth Group Inc. | $28.59 | 2 | 1 | 1 | 1.94 |
| USG | USG Corp. | $17.54 | 2 | 0 | 1 | 1.53 |
| CMCSK | Comcast Corp. Special | $16.49 | 2 | 1 | 0 | 1.26 |
| WLP | WellPoint Inc. | $54.79 | 2 | 0 | 2 | 1.25 |
| BAC | Bank of America Corp. | $17.25 | 2 | 0 | 1 | 0.81 |
| LOW | Lowe's Companies Inc. | $21.95 | 2 | 0 | 0 | 0.44 |
| UPS | United Parcel Service, Inc. | $58.52 | 2 | 1 | 0 | 0.31 |
| HD | The Home Depot Inc. | $28.14 | 2 | 0 | 2 | 0.25 |
| GCI | Gannett Co. Inc. | $9.74 | 2 | 0 | 1 | 0.03 |
The Coca-Cola Company (KO, Financial)
The Coca-Cola Company is the world's largest beverage company and is the leading producer and marketer of soft drinks. Along with Coca-Cola recognized as the world's best-known brand The Coca-Cola Company markets four of the world's top five soft drink brands including diet Coke Fanta and Sprite. Through the world's largest distribution system consumers in nearly 200 countries enjoy The Coca-Cola Company's products at a rate of more than 1 billion servings each day. The Cocacola Company has a market cap of $122.83 billion; its shares were traded at around $53 with a P/E ratio of 17.4 and P/S ratio of 3.8. The dividend yield of The Cocacola Company stocks is 3.1%. The Cocacola Company had an annual average earning growth of 5.3% over the past 10 years. GuruFocus rated The Cocacola Company the business predictability rank of 2-star.
Yacktman owns 1,717,495 shares as of 06/30/2009, an increase of 27.5% from the previous quarter. This position accounts for 7.74% of the $1.06 billion portfolio of Yacktman Asset Management Co.
Buffett owns 200,000,000 shares as of 06/30/2009, which accounts for 19.61% of the $48.95 billion portfolio of Berkshire Hathaway.
Wells Fargo & Company (WFC, Financial)
Wells Fargo & Company is a diversified financial services company providing banking insurance investments mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally. (Company Press Release) Wells Fargo & Company has a market cap of $132.16 billion; its shares were traded at around $28.29 with a P/E ratio of 31.8 and P/S ratio of 2.5. The dividend yield of Wells Fargo & Company stocks is 0.7%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Wells Fargo & Company the business predictability rank of 4-star.
Yacktman owns 14,500 shares as of 06/30/2009, which accounts for 0.03% of the $1.06 billion portfolio of Yacktman Asset Management Co..
Buffett owns 302,609,212 shares as of 06/30/2009, which accounts for 15% of the $48.95 billion portfolio of Berkshire Hathaway.
The Procter & Gamble Company (PG, Financial)
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Products fall into five business segments: fabric and home care paper beauty care health care and food and beverage. Today P&G markets more than 250 products to more than five billion consumers in 130 countries. The Procter & Gamble Company has a market cap of $166.68 billion; its shares were traded at around $57.1 with a P/E ratio of 15.9 and P/S ratio of 2.1. The dividend yield of The Procter & Gamble Company stocks is 3.1%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 3-star.
Yacktman owns 673,947 shares as of 06/30/2009, an increase of 199.8% from the previous quarter. This position accounts for 3.23% of the $1.06 billion portfolio of Yacktman Asset Management Co.
Buffett owns 96,316,010 shares as of 06/30/2009, which accounts for 10.05% of the $48.95 billion portfolio of Berkshire Hathaway.
ConocoPhillips (COP, Financial)
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $68.44 billion; its shares were traded at around $46.15 with a P/E ratio of 7.6 and P/S ratio of 0.3. The dividend yield of Conocophillips stocks is 4.1%. Conocophillips had an annual average earning growth of 19% over the past 10 years.
Yacktman owns 1,052,315 shares as of 06/30/2009, an increase of 251.71% from the previous quarter. This position accounts for 4.16% of the $1.06 billion portfolio of Yacktman Asset Management Co..
Buffett owns 64,485,759 shares as of 06/30/2009, which accounts for 5.54% of the $48.95 billion portfolio of Berkshire Hathaway.
American Express Company (AXP, Financial)
American Express Company is primarily engaged in the business of providing travel related services financial advisory services and international banking services throughout the world. American Express Travel Related Services Company Inc. provides a variety of products and services including global network services the American Express Card the Optima Card and other consumer and corporate lending products stored value products and several others. American Express Company has a market cap of $40.15 billion; its shares were traded at around $33.76 with a P/E ratio of 24.8 and P/S ratio of 1.4. The dividend yield of American Express Company stocks is 2.1%. American Express Company had an annual average earning growth of 1.3% over the past 10 years.
Yacktman owns 412,014 shares as of 06/30/2009, which accounts for 0.9% of the $1.06 billion portfolio of Yacktman Asset Management Co..
Buffett owns 151,610,700 shares as of 06/30/2009, which accounts for 7.2% of the $48.95 billion portfolio of Berkshire Hathaway.
Kraft Foods Inc. (KFT, Financial)
Kraft Foods Inc. is the largest branded food and beverage company headquartered in the U.S. and the second largest in the world. They have a superior brand portfolio created and supported through dynamic product innovation worldclass marketing experienced management global scale and strategic acquisitions. Consumers of all ages around the world enjoy their brands across the entire spectrum of food and beverage occasions: breakfast lunch dinner and snacks. Brands include Kraft Nabisco Oscar Mayer Post Maxwell House Philadelphia and Jacobs. Kraft Foods Inc. has a market cap of $39.46 billion; its shares were traded at around $26.75 with a P/E ratio of 14.2 and P/S ratio of 0.9. The dividend yield of Kraft Foods Inc. stocks is 4.3%.
Yacktman owns 44,220 shares as of 06/30/2009, which accounts for 0.11% of the $1.06 billion portfolio of Yacktman Asset Management Co..
Buffett owns 138,272,500 shares as of 06/30/2009, which accounts for 7.16% of the $48.95 billion portfolio of Berkshire Hathaway.
Conclusion
Yacktman advises investor to flight to quality in a recent interview, for himself, it seems Buffett’s stock is a good quality stock to start with. Yacktman owns 18 out of the 41 Buffett stocks.
GuruFocus provides real time information and insights of Investment Gurus such as Buffett and Yacktman for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
To ask Yacktman a question, please follow our original announcement thread or reply to this message. As a bonus, you can also ask Brian Yacktman questions. Brian is a son of Don Yacktman, he uses option to enhance returns and manage risks.
To know more about Yacktman and his funds, go to The Yacktman Funds website
To know more about Brian Yacktman and his strategy, go to Yacktman Capital Group, LLC (YCG) Also check out:
