I wrote this article myself, and it expresses my own opinions. Over the past 15-, 10-, and five-year periods, the Yacktman Fund has been the top-performing large-cap blend fund, according to Morningstar Inc. Donald Yacktman and his son, Stephen. Their divorce was finalized after three years. Holding a core group of consumer products companies and older technology names such as Microsoft, Oracle and Cisco, Don's son Stephen and co-manager Jason Subotky have posted an annualized return of 11.43%. Stephen Yacktman Age 47 education Bachelor's and Master's degrees, Brigham Young University Professional the Walt Disney Background Has worked in varying capacities at Yacktman Asset Management since 1993; became chief investment officer in 2013. outside interests Charitable organizations, kiteboarding It is another positive sign that the fund's parent company is continuing to emphasize shareholders' interests over asset growth. Adam is also co-manager for the AMG Yacktman Focused Fund, AMG Yacktman Fund, and AMG Yacktman Global Fund. A 2,000-square-foot space inside Buffalo Grove High School will become a state-of-the-art robotics, manufacturing and biomedical health care innovation lab at the school, thanks to a generous donation from Class of 1988 alumnus Stephen Yacktman and his wife Ellyn. The annual yield of 2.88% puts it closer to Pepsi than to Oracle or Sysco, and the payout is $1.48 per share. This site is protected by reCAPTCHA and the Google While Yacktman says he has taken in and appreciates many of the investment lessons his father taught him, the YCG Enhanced Fund goes its own way on a number of fronts. Prior to that, he worked as a performance analyst for Atlantic Trust Private Wealth Management. For more information, visit www.214foundation.org. As long as we can find investments at a price where we can expect an attractive return, we expect to be fully invested in most environments, he says. The company consistently turns up to 10% of its profits into free cash flow, and is a reliable dividend stock with a 3.2% annualized payout. Prior to that she worked for True North Advisors and First Command Financial Planning. The seventh-largest bank in the US is also the tenth-largest holding in the Yacktman portfolio. He is an early founder of 1-800-CONTACTS and served on the board of directors and as chair of the compensation and audit committees. Its name was changed to AMG Yacktman Fund after Affiliated Managers Group (AMG) purchased a majority stake in the firm in 2012. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. "This is about helping them discover their future and helping them determine what motivates and inspires them, and then making sure they are equipped to succeed as Buffalo Grove graduates," Yacktman said. A look at Yacktman Assets top ten holdings shows a highly diverse portfolio, perhaps with a bent toward food staples. Yacktman also invited Ploplys to the Class of 1988 reunion last year. And it shows we can stand on our own two feet.. 7,745 views. Ms. Pieroni is Partner and President at Yacktman Asset Management. Yacktman first acquired ORCL stock in 2013, and has been periodically shedding shares since then. From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. Prior to joining the Firm in 2013, Keith worked at Bridgepoint Consulting LLC, where he was a CFO-level consultant for various companies. Yacktman remains in touch with him. That's the reward I was mostly seeking.". We're expecting increasing visibility and strong free cash flow generation to lead robust dividend growth.. Credit Suisses Judah Frommer concurs with Wolf, and gives SYY another Buy rating and $75 price target. Thomas Martin's House (Former) Paul Rogge's House. It has ranked in the top 3% of performers in Morningstars large blend category for the year ending May 31, the top 2% over the last three years, and the top 3% over the last five years. Molly began her career as an investment banking analyst in New York. He is an early founder of 1-800-CONTACTS and served on the board . You are now logged in. The lab will be named for Ploplys and his legacy. Buffalo Grove High School this week announced the largest single gift received in its 46-year history: $1 million that will be used to create a robotics, manufacturing and biomedical health care innovation lab. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. A 2,000-square-foot space inside Buffalo Grove High School will become a state-of-the-art robotics, manufacturing and biomedical healthcare innovation lab at the school, thanks to a generous donation from Class of 1988 alumnus Stephen Yacktman and his wife Ellyn. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. Stephen was a finalist for Morningstars Domestic-Stock Manager of the Year award in 2011. The transition was an expected part of the firm's succession plan. "This is an incredible gift that pays tribute to the education Mr. Yacktman received in our schools and also funds future generations of students," said Erin Brooks, District 214 Education Foundation executive director. Ms. Buie is Chief Compliance Officer at Yacktman Asset Management. Yacktman is led by Chief Investment Officer Stephen Yacktman and, as of June 30, 2017, manages more than $15 billion in assets. Ploplys, who retired in 2003 after 34 years at Buffalo Grove and the former Arlington High School, said he was honored by the recognition, having received word from Yacktman about a month ago that he intended to make a donation in the former teacher's name. "This is about helping them discover their future, and helping them determine what motivates and inspires them, and then making sure they are equipped to succeed as Buffalo Grove graduates.". Pepsi is Yacktmans third-largest holding, making up almost 11% of the portfolio, and with that background especially the dividend return the heavy investment makes more sense than a cursory glance would suggest. Steve was a finalist for Morningstar's Domestic-Stock Manager of the Year award in 2011. Prior to MC2, she served on the leadership team of Highside Capital, a $5B global equity long short hedge fund based in Dallas and New York. Yacktman, chief investment officer at Austin, Texas-based Yacktman Asset Management, told District 214 foundation officials that he attributes much of his success in life to his experiences at. Previous to that he held senior finance and accounting roles at Financial Industries Corporation, Concero, Tanisys Technology, and Kinetic Concepts. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Please try again. Don and Stephen had shared the CIO title during the past seven years. Mr. Subotky received a bachelors degree in Music from the University of Southern California and an MBA from Brigham Young University. As part of the deal with AMG, Brian Yacktman cannot attach his familys name to his business or mutual funds. Residential Links: www.dmagazine.com By: jdubble07 Advertisement Around the World Mailing List Advertisement Stephen Yacktman's House Bobby Epstein's House Paul Rogge's House Texas Capitol View Corridor - 360 Lookout Geoff Hangartner's House "When I first got the call that we had a donor willing to really help us expand manufacturing, it brought chills," Principal Jeff Wardle said. Its a steady, stable payout, and clearly one that Yacktman views as reliable he increased it by 3% in his portfolio. On July 25, Don Yacktman announced that his son, Stephen Yacktman, had taken over as sole chief investment officer of Yacktman Asset Management, the subadvisor to Gold-rated Yacktman(YACKX) and Silver-rated Yacktman Focused (YAFFX). Molly holds a BBA from William and Mary and an MBA from Harvard. Join to connect BYU . The stock has a $54 average price target, that give a 5.45% upside from the current trading level of $51. Hes not the only market watcher whos been looking at PepsiCo, however. Ms. Buie is a Certified Securities Compliance Professional (CSCP) and a former board member of the National Society of Compliance Professionals. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Stephen is related to Robert Andrew Yacktman and Natasha Faye Cotton as well as 2 additional people. The District 214 Education Foundation is a 501(c)(3) nonprofit organization supporting student success, innovation and lifelong learning beyond the limitations of conventional funding for public education. For one thing, the Yacktman Fund may have large chunks of money in cash when its managers think stocks are overvalued. This will be the sixth of13 Artisan funds to close to new investors. A typical Buy opinion comes from Piper Jaffray analyst Alex Zukin, who wrote in mid-December: [B]uybacks remain the primary driver of earnings growth the company is making clear progress in its applications business. Zukins $52 price target suggests a minor-league upside of 1.9%. Ploplys said. Yacktman is the chief investment officer at Yacktman Asset Management and said he credits much of his success to experiences he gained at Buffalo Grove High School. Yacktman remains in touch with him. 2: Make an adequate return, a double-digit return, while holding on for five to 10 years. Putnam Fixed-Income Manager Leaves Firm On July 29, Daniel Choquette stepped downas a comanager of Putnam US Government Income (PGSIX), Putnam American Government Income , and Putnam Income (PINCX), and also has left the firm. - on Jul 16, 2021. in The R&L. Efren Landaos/SOPA Images. Robert F. Smith & Hope Dworaczyk's House. Stephen. Mr. Donald Yacktman is Partner and Portfolio Manager of Yacktman Asset Management. If you have an ad-blocker enabled you may be blocked from proceeding. Yacktmans senior management takes an active role overseeing risk management across the firm primarily via its Management Committee. She joined Yacktman in 2013. Today, Stephen is the funds manager and Yacktman Asset Managements chief investment officer. Though his professional career is in the finance arena, he maintains a passion for manufacturing, engineering, science and technology. Though his career is in finance, he says he maintains a passion for manufacturing, engineering, science and technology. years. MSC Industrial Direct Yacktman purchased 317,939 shares of MSC Industrial Direct. The Yacktman fund has done better, although Don Yacktman has now retired. The common denominator in all of these stocks is the dividend factor. USB stock has seen some split opinions recently from market analysts. Stephen Yacktman becomes co-manager of Yacktman Funds 2004 Jason Subotky and Russell Wilkins become economic partners in firm 2006 Stephen Yacktman and Don Yacktman named Co-Chief Investment Officers 2007 Private Fund Launched 2009 Jason Subotky becomes co-manager of Yacktman Funds 2010 This makes sense when you look at Yacktmans investing strategy, as he defined it back in 2011: No. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Steve was a finalist for Morningstars Domestic-Stock Manager of the Year award in 2011. Stephen received a B. S. degree from Brigham Young and a MBA from Brigham Young University. King and Bailey will support manager Chad Horning, who has led the funds since their December 2009 inception. Andrew Wolf of Loop Capital set a Buy rating with a $75 price target, saying, [E]xpect the company's better than expected operating leverage and reduce costs to continue to contribute to its bottom line, forecasting Sysco earnings to accelerate further. His target suggests an 11% upside to the stock. Subotky has been a comanager since 2009 and has been with the firm for nearly 15 years. He joined Yacktman Asset Management in April 1993 from Brigham Young University, where he earned . Rachel Buie Ms. Buie is Chief Compliance Officer at Yacktman Asset Management. Advertisement. George downgraded the stock to Hold, while Biggar reiterated his Buy rating and set a $61 price target. School officials say the equipment used by industry professionals -- such as automated robotics cells -- is rare to see on the high school level and will give students an idea of what they might encounter on the manufacturing floor. The student and teacher still stay in touch, having taken a zero-gravity airplane flight together. Those two do not have an independent record of their own, but they have ample experience. Both funds follow a strategy that's heavy on government-backed mortgage securities, fitting Salm's expertise as head of the firm's mortgage team. It is the largest single gift in the school's. The analyst consensus holds with the bulls, giving SYY a Moderate Buy. Shares are trading at $67, and the average price target is $69, suggesting a 2.75% upside to the stock. More recently, Morgan Stanleys Keith Weiss reviewed ORCL and determined that he does not see the catalysts needed to drive the stock higher this year. He gives the stock a 2.4% upside, with a $53 price target. Wed like to share more about how we work and what drives our day-to-day business. Its the third largest software company, after Microsoft (MSFT) and Alphabet (GOOGL). Texas Capitol View Corridor - 360 Lookout. While not one of the markets dividend champions, Oracle is certainly reliable in this area. Yacktman has no control of the content or data shown on this site, and while Yacktman has no reason to doubt the reliability of the data shown, its accuracy is not guaranteed. Prince Harry left the audience of The Late Show in hysterics with a joke about host Stephen Colbert's wife during a surprise appearance. editorial policies. Compared to Pepsi, its not hard to see why a major hedge fund would buy more shares of Oracle. Today, Stephen is the fund's. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. It is the largest single gift in the school's 46-year history. Please disable your ad-blocker and refresh. Furthermore, Yacktman takes no responsibility for the accuracy or factual correctness of any information posted to third party web sites. Back then, technology stocks were . The $1.2 billion fund had more than $220 million in net inflows in the six months from October 2012 through March 2013, according to Morningstar data. Buffalo Grove High School alumnus Stephen Yacktman, right, made a $1 million donation to the school for a science lab that will be named for his former teacher, Saulius Ploplys. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Steve Yacktman started working full-time at Yacktman Asset Management in 1993. In addition to the donation, Yacktman has offered his expertise and direction in creating an innovative and one-of-a-kind lab that he hopes will give students opportunities that will prepare them to leave high school college and career ready. JatoTechs portfolio companies were acquired by Broadcom, Silicon Labs, Intel and Qualcomm. By jdubble07 @ 2015-07-02 08:24:15. Develop and improve features of our offerings. 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