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Yacktman Asset Management is an investment advisory firm that has served long-term oriented investors since 1992. It is the investment adviser to The Yacktman Fund and The Yacktman Focused Fund as well as separate accounts for organizations. Donald A. Yacktman is the President and Co-Chief Investment Officer of Yacktman Asset Management. Yacktman joined the firm in April, 1993. Prior to that, he served for ten years as the Senior Portfolio Manager of Selected Financial Services, Inc. During that time, he also served for nine years as the Portfolio Manager of the Selected American Shares mutual fund. Mr. Yacktman holds a B.S. in economics and mathematics, and an MBA in finance from Brigham Young University.

Donald Yacktman has been on fire during the past decade, outperforming most of the large-cap diversified mutual funds. Below we compiled a list of 15 top positions of Yacktman Asset Management as of September 30, 2011.

Company

Ticker

Value (*$1000)

PepsiCo, Inc.

PEP

1212751

News Corp Cl A

NWSA

1192418

Procter & Gamble

PG

799192

Microsoft Corp.

MSFT

655965

Cisco Systems Inc.

CSCO

494947

Coca-Cola Co.

KO

454433

Johnson & Johnson

JNJ

409401

Sysco Corporation

SYY

380299

Pfizer Inc.

PFE

329014

Viacom Inc Cl B

VIA.B

308727

U.S. Bancorp

USB

289931

ConocoPhillips

COP

280263

C.R. Bard, Inc.

BCR

272819

Hewlett-Packard

HPQ

232565

Stryker Corporation

SYK

210999

PepsiCo, Inc. (NYSE:PEP): PepsiCo is a global food, snack and beverage company. The company released solid third quarter results recently. It earned $2 billion, corresponding $1.25 per share for the third quarter of 2011, compared with $1.92 billion, or $1.19 per share in the same quarter last year. Its revenue also climbed 13% to $17.58 billion. The numbers beat analysts’ expectations of $1.30 per share on $17.11 billion revenue. Yacktman invested $1.2 billion in PEP and it returned 1.45% since the end of September. PEP has a market cap of $97.06B and a P/E ratio of 15.57. Boykin Curry’s Eagle Capital Management invested $369 million in PEP as of June 30. Ric Dillon and Biller Miller also both had around $200 million of PEP shares.

Procter & Gamble (NYSE:PG): The Procter & Gamble Company is focused on providing consumer packaged goods. The company reported revenue of $21.9 billion for the third quarter of 2011, compared with $20.1 billion in the same quarter of 2010. Its net income is $3.024 billion, slightly lower than $3.081 billion last year. Yacktman invested $799 million in PG and it returned 0.86% since the end of third quarter. PG has a market cap of $172.32B and a P/E ratio of 15.91. D. E. Shaw had nearly $300 million of PG.

Microsoft Corp. (NASDAQ:MSFT): Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The company posted strong earnings for the third quarter of 2011. It reported a net income of $5.74 billion, or 68 cents per share, and its revenue was $13.73 billion, up 7% from the same quarter last year. Yacktman invested $656 million in MSFT and it returned 6.59% since the end of September. MSFT has a market cap of $219.05B and a P/E ratio of 9.45. Boykin Curry, Jean-Marie Eveillard, Ken Fisher and David Einhorn all have about $400 million to $500 million of MSFT shares.

Cisco Systems Inc. (NASDAQ:CSCO): Cisco designs, manufactures, and sells products related to the communications and information technology industry. The company reported revenue of $11.20 billion for 13 weeks ending July 30, 2011, compared with $10.84 billion for the same period a year ago. Net income was $1.2 billion compared with $1.9 billion last year. Yacktman had $495 million invested in CSCO and it returned 17.75% since September 30. It has a market cap of $95.34B and a P/E ratio of 15.28. Jean-Marie Eveillard invested $483 million in CSCO shares.

Coca-Cola Co. (NYSE:KO): The Coca-Cola Company is a non-alcoholic beverage company. The company reported a third quarter net income of $284 million, compared with $208 million in the same quarter last year. Its revenue rose over 27% to $2.14 billion. The company is expected to earn $3.83 in 2011, and $4.14 in 2012. Yacktman invested $454 million in KO and the stock returned 1.61% since the end of September. It has a market cap of $153.58B and a P/E ratio of 12.46. Warren Buffett invested over $13 billion in KO.

Disclosure: I am long MSFT, COP.

Source: Donald Yacktman's Recent Top Stock Picks