PepsiCo, Inc. (PEP), Oracle Corporation (ORCL): Donald Yacktman Still Bets on Big Consumer and Tech Stocks

Procter & Gamble Co (NYSE:PG) represents Yacktman’s second-largest position in terms of value, the fund disclosing a $2.34 billion stake that contains 28.54 million shares. Following the announcement of its financial results for the previous quarter, Procter & Gamble Co (NYSE:PG) has witnessed a line of downgrades among analysts. Societe Generale downgraded the stock to ‘Hold’ from ‘Buy’ and cut its price target to $86.00 from $96.00, while Credit Agricole and CLSA have both downgraded it to ‘Underperform’ from ‘Outperform’. Mr. Buffett is also a shareholder of Procter & Gamble Co (NYSE:PG), holding 52.79 million shares. However, under an agreement signed last year, Berkshire will acquire Procter & Gamble’s Duracell unit in exchange for its position in the company.

In Oracle Corporation (NYSE:ORCL), Yacktman disclosed holding 35.07 million shares valued at $1.51 billion, down by 7% on the quarter. Of late, there has been speculation that Oracle planned to acquire salesforce.com, inc. (NYSE:CRM), although the rumors have been quickly dismissed. Nevertheless, as Oracle Corporation (NYSE:ORCL) is transitioning towards more of a focus on cloud, the company’s Co-CEO Safra A. Catz said that if salesforce is bought by someone else, it could benefit Oracle. Another investor in Oracle Corporation (NYSE:ORCL) is Boykin Curry‘s Eagle Capital Management, which was the largest shareholder among the funds we track with 45.21 million shares as of the end of 2014.

Cisco Systems, Inc. (NASDAQ:CSCO) represents Yacktman’s fifth-largest position in terms of value, as the investor disclosed holding 48.98 million shares valued at $1.35 billion. The position witnessed the largest decrease among the companies from this list, being cut by 14% during the first three months, as the stock remained almost flat inching up by 0.4% during the same period. Cisco Systems, Inc. (NASDAQ:CSCO) is one of the leading companies in the hardware industry and is currently expanding into the Internet of Things (IoT) market, investing in the development of products and solutions for the IoT industry, which it expects to reach $19 trillion in value within the next decade. However, the previous round of 13F filings showed a significant outflow of cash out of Cisco Systems, Inc. (NASDAQ:CSCO) among the investors that we track. A total of 62 funds disclosed holding in aggregate $4.83 billion worth of the company’s stock, down from $6.57 billion in the previous quarter. Ken Griffin, Ken Fisher, and Kerr Neilson are among the billionaires that are bullish on Cisco Systems, Inc. (NASDAQ:CSCO).

Disclosure: none