The Yacktman Focused Fund (Trades, Portfolio) sold shares of the following stocks during the second quarter.
The PepsiCo Inc. (PEP) stake was trimmed by 22.29%. The trade had an impact of -2.37% on the portfolio.
The manufacturer of non-alcoholic drinks, has a market cap of $181 billion and an enterprise value of $209 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 101.48% and return on assets of 16.82% are outperforming 88% of companies in the Beverages - Non-Alcoholic industry. Its financial strength is rated 5.5 out of 10. The cash-debt ratio of 0.12 is below the industry median of 0.46.
The largest guru shareholder of the company is Pioneer Investments (Trades, Portfolio) with 0.63% of outstanding shares, followed by Yacktman Asset Management (Trades, Portfolio) with 0.53% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.51%.
The Procter & Gamble Co. (PG) stake was cut by 18.29%. The trade had an impact of -1.90% on the portfolio.
The world’s largest consumer product manufacturer has a market cap of $289.56 billion and an enterprise value of $311 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 20.09% and return on assets of 9.09% are outperforming 73% of companies in the Consumer Packaged Goods industry. Its financial strength is rated 6.3 out of 10. The cash-debt ratio of 0.33 is below the industry median of 0.45.
The largest guru shareholder of the company is Yacktman Asset Management (Trades, Portfolio) with 0.44% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.23% and Ken Fisher (Trades, Portfolio) with 0.20%.
The fund exited its KT&G Corp. (XKRX:033780) position. The portfolio was impacted by -0.91%.
The fund closed its position in Infosys Ltd. (INFY). The portfolio was impacted by -0.77%.
The provider of consulting and IT services, has a market cap of $49.21 billion and an enterprise value of $46.74 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 24.89% and return on assets of 18.80% are underperforming 77% of companies in the Application Software industry. Its financial strength is rated 9.2 out of 10. The cash-debt ratio of 5.49 is above the industry median of 3.47.
The company's largest guru shareholder is Fisher with 0.93% of outstanding shares, followed by the Yacktman Asset Management (Trades, Portfolio) with 0.21% and Jeremy Grantham (Trades, Portfolio) with 0.13%.
The fund reduced its Oracle Corp. (ORCL) stake by 11.78%, impacting the portfolio by -0.51%.
The seller of enterprise IT solutions, has a market cap of $193 billion and an enterprise value of $212 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 34.52% and return on assets of 9.19% are underperforming 77% of companies in the Application Software industry. Its financial strength is rated 5.3 out of 10. The cash-debt ratio of 0.67 is below the industry median of 3.47.
The company's largest guru shareholder is First Eagle Investment (Trades, Portfolio) with 0.94% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.78% and Fisher with 0.44%.
The guru closed its Avon Products Inc. (AVP) holding, impacting the portfolio by -0.39%.
The multilevel marketing firm, has a market cap of $1.78 billion and an enterprise value of $3.50 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on assets of -1.01% is underperforming 100% of companies in the Consumer Packaged Goods industry. Its financial strength is rated 4.7 out of 10. The cash-debt ratio of 0.25 is below the industry median of 0.45.
Simons is the largest guru shareholder of the company with 5.42% of outstanding shares, followed by the Yacktman Asset Management (Trades, Portfolio) with 3.47% and Chuck Royce (Trades, Portfolio) with 1.09%.
The stake in The Walt Disney Co. (DIS) holding was reduced by 6.37%, impacting the portfolio by -0.35%.
The producer of animated films as well as owner of several famous brands as Thor and Mickey Mouse, has a market cap of $251 billion and an enterprise value of $313 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on assets of 11.05% and return on equity of 24% are outperforming 76% of companies in the Entertainment industry. Its financial strength is rated 5.6 out of 10. The cash-debt ratio of 0.18 is below the industry median of 0.80.
The Yacktman Asset Management (Trades, Portfolio) is the largest guru shareholder of the company with 0.25% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.20% and PRIMECAP Management (Trades, Portfolio) with 0.18%.
Disclosure: I do not own any stocks mentioned.
