Also, Mario Gabelli makes a very large gift to his alma mater. Geoff Hangartner's House. He founded Yacktman Asset Management in 1993, and has steered the company ever since. Donald Yacktman may not be a household name like Warren Buffett, but he holds a similar reputation among investors. Contact Alex Hinson or Natalie Brandt Perry Street. No. "In physics, we asked the big questions, like what's the nature of the universe?" Ms. Buie holds a bachelors degree in Nutrition and Dietetics from Texas Christian University. Chief Investment Officer Stephen Yacktman leads our experienced investment team. Jason is a member of the Management Committee. Like the other stocks in this list, USB pays out a steady dividend. Furthermore, Yacktman takes no responsibility for the accuracy or factual correctness of any information posted to third party web sites. AMGs equity interest is structured so that Yacktman maintains operational autonomy. Yacktman also invited Ploplys to the Class of 1988 reunion last year. Prior to founding the firm in 1992, Don served as Senior Portfolio Manager of Selected Financial Services, Inc. and was Portfolio Manager of the Selected American Shares mutual fund. Ms. Despite a reputation for avoiding bank stocks, Yacktman increased US Bancorp holdings by 5%. Ploplys, who taught physics and chemistry courses, said he enjoyed his teaching career -- especially when he could help make an impact on students like Yacktman. Mr. Carmody received a bachelors degree in Industrial and Labor Relations and a Master of Public Administration from Cornell University and an MBA from the MIT Sloan School of Management. years. Factoring in assets in separate accounts, this small-cap strategy soaked up roughly $1.9 billion in assets as of June 2013. If you have an ad-blocker enabled you may be blocked from proceeding. Pepsi offers two major advantages for the long-term investor. "We are truly inspired by the generosity of this contribution, and the opportunities it will provide for Buffalo Grove High School. A Buffalo Grove High School graduate has donated $1 million to establish a state-of-the-art robotics lab in honor of a former teacher. You are now logged in. Market analysts are giving SYY more positive ratings than negative, with two of the last three new reviews decidedly upbeat. We're expecting increasing visibility and strong free cash flow generation to lead robust dividend growth.. He joined the firm in 2020 after working previously at Fidelity Investments and Affiliated Managers Group. 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. Today, YCG manages some $750 million, with about one-third of that attributable to the YCG Enhanced Fund and the rest to separately managed accounts requiring a $1 million investment minimum. Please try again. Prince Harry left the audience of The Late Show in hysterics with a joke about host Stephen Colbert's wife during a surprise appearance. Sysco is a big player in the food service industry, mainly catering to restaurants, hospitals and schools, hotels and inns, and other companies that provide wholesale food and foodservice. Ms. Buie is Chief Compliance Officer at Yacktman Asset Management. Stephen Yacktman, 49, started as an analyst at his father Donalds firm in the early 1990s and began co-managing the flagship fund with Donald in the early 2000s. On the negative side, Ajay Jain from Pivotal Research gives SYY its lone Sell rating. A look at the dividend confirms this; SYY pays out $1.56 per share, for an annual yield of 2.31%. Its a classic defensive stock, with an 8.1% growth rate over the last 10 years, and dividend increases over the last 46 consecutive (!) By contrast, YCG has had less than 1% of its assets in cash for most of its nearly seven-year history. 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. Prior to that, he worked as a performance analyst for Atlantic Trust Private Wealth Management. 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 The common denominator in all of these stocks is the dividend factor. Mr. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager at Yacktman Asset Management. Having a different name helps eliminate confusion in the marketplace, he says. Thank you for your interest in Yacktman Asset Management. editorial policies. Please click OK below to leave the Yacktman site and proceed to the selected site. Snyder has worked as an analyst for the funds' advisor, Everence Capital Management, since 1999, including contributing ideas to Praxis Intermediate Income and separate accounts. There was an error logging in. "My hope is that this new lab will help Buffalo Grove students develop workforce skills and provide training that leads them to careers of all kinds," Yacktman said, who said there is a demand for skilled workers in areas like manufacturing. @ 30.327069, -97.832923. The link you have selected is located on another web site. Stephen Yacktman's House. In addition to the funding he provided, he has offered expertise and direction in creating a lab that will be innovative and one-of-a-kind, ensuring students have opportunities to try new things and leave high school college and career ready. 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. A look at the analyst consensus tells that story: PEP holds a Moderate Buy rating, based on 1 Buy and 2 Hold reviews. Dies geschieht in Ihren Datenschutzeinstellungen. The road to getting there was a long one, though. 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 Courtesy of Northwest Suburban High School District 214. "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. He earned a bachelors degree in Accountancy from Northern Arizona University. Fund analysts Robert Goldsborough and Flynn Murphy contributed to this report. The Yacktman fund has done better, although Don Yacktman has now retired. Your exam is being submitted. Ploplys said. Please. The stock has a $54 average price target, that give a 5.45% upside from the current trading level of $51. Prior to Yacktman, Molly founded MC2 Institute, an executive advisory firm serving major technology, industrial, financial services and business services companies. Chase joined Yacktman Asset Management in 2009. View phone numbers, addresses, public records, background check reports and possible arrest records for Stephen Yacktman. 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. 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. Stephen Yacktman, 49, started as an analyst at his father Donald's firm in the early 1990s and began co-managing the flagship fund with Donald in the early 2000s. Over the years, the $8 billion fund has undergone some changes, moving from its deep-value roots toward a more blended growth and value style mix. When it comes to investing, Donald, Stephen and Brian Yacktman share a long family tradition. The Genesis funds have yet to post solid returns. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. I wrote this article myself, and it expresses my own opinions. Furthermore, Yacktman takes no responsibility for the accuracy or factual correctness of any information posted to third party web sites. The 3% increase in Q4 2018 was the first time the fund purchased additional shares of this holding. The student and teacher still stay in touch, having taken a zero-gravity airplane flight together. Subotky has been Other names that Stephen uses includes Stephen Andrew Yacktman, Stephen A Yacktman, Stephen A Yackman and Stephen Yackthman. These products and services are usually sold through license agreements or subscriptions. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. Prior to that she worked for True North Advisors and First Command Financial Planning. And it shows we can stand on our own two feet.. 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%. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Ms. Buie is a Certified Securities Compliance Professional (CSCP) and a former board member of the National Society of Compliance Professionals. She joined Yacktman in 2013. 7,745 views. BYU Marriott School of Business Home Page. However, he faced some controversies after a tape recording was . Austin, Texas (TX), US. Yacktman does not endorse this web site, its sponsor, or any of the policies, activities, products or services offered on the site, or by any advertiser on the site. Mr. Danielson is a Junior Investment Analyst at Yacktman Asset Management after graduating in 2021 with a bachelors degree in Finance from San Jose State University. The university now has raised about $500 million for the new campus, which would be part of Columbia Universitys Manhattanville complex in New York City, according to a report from Reuters. As part of the deal with AMG, Brian Yacktman cannot attach his familys name to his business or mutual funds. The donation by Class of 1988 alumnus Stephen Yacktman and his wife, Ellyn, to the Northwest Suburban High School District 214 Education Foundation will go toward state-of-the-art lab equipment and supplies. A. in Business Administration from Mount Union College and an MBA from the University of North Carolina Kenan-Flagler Business School. But hes keeping family under the firm umbrella nevertheless, and has brought on his brother Michael Yacktman, 32, who serves as senior analyst and lead trader. Mr. Subotky is Partner and Portfolio Manager at Yacktman Asset Management. The current dividend payout is 93 cents per share, annualizing to a 3.2% yield. A Buffalo Grove High School alumnus has donated $1 million to support the creation of a state-of-the-art robotics, manufacturing and biomedical health care innovation lab at the school. From Oppenheimer, five-star analyst Chris Kotowski set out the bullish case, focusing on US Bancorps strong leverage position: The company again delivered positive operating leverage in the quarter and we expect it will continue to do so. 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 Buffalo Grove High, where he took advanced placement classes and was involved in the arts and athletics. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. Please click OK below to leave the Yacktman site and proceed to the selected site. Hes also sanguine about the restricted use of the family name. Media Manager for High School District 214, handling media relations and social media. The average price target, $114, is actually a slight downside (1.65%) from the current share price of $115. Stephen Yacktmans (center) senior yearbook picture. Prior to joining the firm in 1998, he was a Senior Business Analyst at Electronic Data Systems Corp. Mr. Wilkins holds a B. Mr. Donald Yacktman is Partner and Portfolio Manager of Yacktman Asset Management. "Buffalo Grove High School, and the opportunities I received there, placed me on a path to success and helped me become the person I am today," said Yacktman, who was involved in the arts and athletics while in high school and then attended Brigham Young University, where he graduated with an economics degree and MBA. Stephen. Ploplys worked at District 214 for more than 30 years as science educator, teaching chemistry, physics, honors physics and advanced placement physics courses. He points to impending layoffs and softness in growth, and suggests a downside of 20% with a $54 price target. Ploplys worked at District 214 for more than 30 years as a science educator teaching chemistry and physics, and retired in 2003. Value investors Stephen Yacktman and Jason Subotky, co-managers of the AMG Yacktman Focused fund, hear echoes of 1998 these days. The most recent in-depth review of Oracle stock comes from the financial blogger Valuentum, ranked #53 overall in the TipRanks blogger database. Its a steady, stable payout, and clearly one that Yacktman views as reliable he increased it by 3% in his portfolio. A Buffalo Grove High School alumnus has donated $1 million to support the creation of a state-of-the-art robotics, manufacturing and biomedical healthcare innovation lab at the school. Our Team Stephen Yacktman Jason Subotky Russell Wilkins Adam Sues Molly Pieroni Chase Frock, CFA Brandt Dusthimer, CFA Jon Danielson Donald Yacktman "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.". This makes sense when you look at Yacktmans investing strategy, as he defined it back in 2011: No. Congrats! Yacktman is led by Chief Investment Officer Stephen Yacktman and, as of June 30, 2017, manages more than $15 billion in assets. Kitchen Possible empowers kids in Chicago, CA to see more snow as it recovers from back-to-back winter storms, Closing arguments begin after jurors visit Murdaugh crime scene | LIVE. Steve earned his MBA from BYU. When it comes to investing, Donald, Stephen and Brian Yacktman share a long family tradition. 67 WALL STREET, New York - May 13, 2014 - The Wall Street Transcript has just published its Investing Strategies Report offering timely interviews with professional portfolio managers for serious . The average price target is $57, and the current share price is $51, suggesting an upside to 11%. Its the third largest software company, after Microsoft (MSFT) and Alphabet (GOOGL). We aim to make Wall Street more transparent by highlighting which experts can consistently outperform the market, allowing investors to make the most informed investment decisions. It is another positive sign that the fund's parent company is continuing to emphasize shareholders' interests over asset growth. A slug of cash has kept the fund more than two percentage points behind the index, but the added stability of the . For one thing, the Yacktman Fund may have large chunks of money in cash when its managers think stocks are overvalued. It provides opportunities for namings, sponsorships, advertising, planned giving, scholarships and other student-supporting assistance. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. By jdubble07 @ 2015-07-02 08:24:15. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. This makes sense when you . The donation is made in honor of Yacktman's former AP Physics instructor, Saulius Ploplys, who retired in 2003. Though his professional career is in the finance arena, he maintains a passion for manufacturing, engineering, science and technology. It is the largest single gift in the school's. We make an investment with the intention of making money. The research blogger reviewed Oracles recent performance and describes it as a top-notch dividend growth idea on a forward-looking basis. Stating the bottom line on ORCL, the blogger says, Oracle has an attractive business model that drives a dependable recurring revenue stream. 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. It is the largest single gift in the schools 46-year history. Yacktman Asset Management is an Austin, Texas-based investment firm with a focus on value equity investing. "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. Steve Yacktman started working full-time at Yacktman Asset Management in 1993. It is the largest single gift in the school's 46-year history. Stephen is a member of the Management Committee of the firm. Hes not the only market watcher whos been looking at PepsiCo, however. Yacktman remains in touch with him. During the. Don holds a B. S. Magna Cum Laude in economics from The University of Utah and an MBA with distinction from Harvard University. Smith's wife is Hope Dworaczyk, a Playboy model, TV host and reality television personality. Today, Stephen is the funds manager and Yacktman Asset Managements chief investment officer. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. The fund's soft close is a shareholder-friendly move that should allow its managers to maintain the flexibility to make significant investments in their best ideas. Subotky has been a comanager since 2009 and has been with the firm for nearly 15 years. Formed by the merger of cola challenger Pepsi and snack giant Frito-Lay, PepsiCo today is one worlds largest food businesses, with a variety of brands sold around the world generating over $40 billion in annual net revenues. "We are truly inspired by the generosity of this contribution, and the opportunities it will provide for Buffalo Grove High School. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Stephen is related to Robert Andrew Yacktman and Natasha Faye Cotton as well as 2 additional people. Copyright 2023 Morningstar, Inc. All rights reserved. George downgraded the stock to Hold, while Biggar reiterated his Buy rating and set a $61 price target. He is co-portfolio manager of the AMG Yacktman Funds and chief investment officer of Yacktman Asset Management. How we use your information depends on the product and service that you use and your relationship with us. It makes up 2.75% of the total holdings, after a 5% increase in the last quarter. From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. Find out about Morningstars When all was said and done, Yacktman increased his holding in PepsiCo by only 0.01%; chalk this one up as a conservative play. Join to connect BYU . Don was a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund until 2016. Those two do not have an independent record of their own, but they have ample experience. Don was named Morningstars Portfolio Manager of The Year in 1991. "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. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. The Yacktman Cometh: An Exclusive Interview with Value Guru Stephen Yacktman, Chief Investment Officer and Portfolio Manager of Yacktman Asset Management The Yacktman Cometh: An Exclusive. Adam holds a B. Don is a member of the Management Committee of the firm. Being a food wholesaler, Sysco is another defensive play for Yacktman. Stephen Yacktman is 52 years old and was born on 04/16/1970. AMG Affiliates, including Yacktman, operate autonomously and independently of AMG and of each other. Despite its high status in Yacktmans portfolio, PEP shares are the weakest of the major holdings that the fund increased this past quarter. Mr. Frock holds a BBA in Finance from the University of Texas and is a CFA charterholder. Steve Yacktman started working full-time at Yacktman Asset Management in 1993. Though his professional career he said he's maintains a passion for manufacturing, engineering, science and technology. Matthew McConaughey's House. Stephen started his career as an analyst and commentator during his time in college. "We are truly inspired by the generosity of this contribution, and the opportunities it will provide for Buffalo Grove High School. The business got started with $1.5 million from a relative. 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. Steve was a finalist for Morningstars Domestic-Stock Manager of the Year award in 2011. A Columbia Business School alum and noted mutual fund manager who was named Morningstar's 1997 Domestic-Stock Fund Manager of the Year, Gabelli will join forces with Pequot Capital Management founder Arthur Samberg, who has agreed to donate $25 million to the new facility. Mr. Thatcher is Partner and Chief Financial Officer at Yacktman Asset Management. 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. The foundation's executive director, Erin Brooks, said Yacktman made the donation in honor of Saulius Ploplys, his former AP Physics teacher who was a major influence on him. Steve and Ellyn have four children. It gave us an opportunity early on to prove ourselves. By the firms 10th anniversary, YCG had nearly $500 million in assets under management. Yacktman, who grew up in Arlington Heights, is chief investment officer at Yacktman Asset Management. Stephen has worked on the fund since 1993 and has been a comanager since year-end 2002. Gear advertisements and other marketing efforts towards your interests. Lets unpack them, with some help from TipRanks-rated Wall Street analysts. A. in Asian Studies and Japanese from Brigham Young University and an MBA from Pepperdine University. He has been co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund since 2002 and AMG Yacktman Global Fund since inception. Mr. Yacktman: Assets at the end of the most recent quarter were in excess of $11 billion for AMG Yacktman Focused Fund and $13 billion for AMG Yacktman Fund. The members of this committee represent senior leadership and support by participating on the Operations Committee, Compliance Committee, Trading Committee, and Investment Committee. And there really wasnt a minimum account size because we were willing to take just about anything at that point.. Overall, ORCL shares hold a Moderate Buy rating from the analyst consensus, based on 6 Buy and 10 Hold ratings. Stephen Yacktman is a Partner and Chief Information Officer and Portfolio Manager at Yacktman Asset Management based in Austin, Texas. Prior to that she worked for True North Advisors and First Command Financial Planning. We work frequently with alumni who wish to pay tribute to teachers who changed their lives, and these gifts repeatedly demonstrate the positive impact of public education.". Township High School District 214 2121 South Goebbert Road, Arlington Heights, IL 60005 www.d214.org, Buffalo Grove graduate donates $1 million to establish Saulius Ploplys robotics lab, Elk Grove senior reflects on opportunities that helped shape her future, Eight District 214 educators shine as innovators, 25 years later, retired D214 superintendent continues to recognize students. In addition to the funding he provided, he has offered expertise and direction in creating a lab that will be innovative and one-of-a-kind, ensuring students have opportunities to try new things and leave high school college and career ready. optimistic bottom line: I expect that Pepsi will continue to see different segments generate revenue and operating profit in a much more balanced distribution than it currently has today. Along with Pepsis reliable (and profitable) dividend, takes a Buy position on PEP. Between 1996 and 2005 he helped build 1-800 CONTACTS from a startup to the leading seller of contact lenses in the world. He said he hopes the new lab will help students develop workforce skills and provide training for their careers. The donation is made in honor of Yacktman's former AP Physics instructor, Saulius Ploplys, who retired in 2003. USB stock has seen some split opinions recently from market analysts. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. Adam is also co-manager for the AMG Yacktman Focused Fund, AMG Yacktman Fund, and AMG Yacktman Global Fund. Former Buffalo High School AP Physics instructor Saulius Ploplys, left, and Buffalo Grove High School alumnus Stephen Yacktman, who has donated $1 million to support the creation of a state-of-the-art robotics, manufacturing and biomedical health care innovation lab at the school. Yacktman, who grew up in Arlington Heights, went on to attend Brigham Young University, where he graduated with an economics degree and an MBA. We work frequently with alumni who wish to pay tribute to teachers who changed their lives, and these gifts repeatedly demonstrate the positive impact of public education.". The new school facility is targeted for a 2018 opening. Yacktman owns this 9,300 sqft home as well as the baseball diamond next door. 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