Oracle makes up 7.9% of the Yacktman portfolio. The road to getting there was a long one, though. Don holds a B. S. Magna Cum Laude in economics from The University of Utah and an MBA with distinction from Harvard University. MSC Industrial Direct Yacktman purchased 317,939 shares of MSC Industrial Direct. Ms. Buie is a Certified Securities Compliance Professional (CSCP) and a former board member of the National Society of Compliance Professionals. For one thing, the Yacktman Fund may have large chunks of money in cash when its managers think stocks are overvalued. "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. JatoTechs portfolio companies were acquired by Broadcom, Silicon Labs, Intel and Qualcomm. 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. Don was nominated by Morningstar as Fund Manager of the Decade in 2009 and was a finalist for Morningstars Domestic-Stock Manager of the Year award in 2011. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. Furthermore, Yacktman takes no responsibility for the accuracy or factual correctness of any information posted to third party web sites. 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. Michael Salm, who co-heads Putnam's fixed-income group, will continue to serve as lead manager of Putnam US Government Income and Putnam American Government Income. This will be the sixth of13 Artisan funds to close to new investors. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Mr. Dusthimer is an Investment Analyst at Yacktman Asset Management. Advertisement. The common denominator in all of these stocks is the dividend factor. Their divorce was finalized after three years. Subotky has been When Brian Yacktman left his fathers firm to strike out on his own, he was expecting a friend to deliver $65 million in assets to manage. Richard Sackler's House (Former) Alex Jones' House. Ms. Buie holds a bachelors degree in Nutrition and Dietetics from Texas Christian University. He never seems to run out of words. 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. 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. He was a member of the 1-800 CONTACTS board and served as chair of the audit and compensation committees. But honestly as a public high school, we didn't have the funds to really fill out the space with the technology and equipment that we need so our kids are really ready for the industry. "We are truly inspired by the generosity of this contribution, and the opportunities it will provide for Buffalo Grove High School. Our Team Stephen Yacktman Jason Subotky Russell Wilkins Adam Sues Molly Pieroni Chase Frock, CFA Brandt Dusthimer, CFA Jon Danielson Donald Yacktman 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. Jan 20, 2022 01:40 A.M. After 27 years of being married, "7th Heaven" star Stephen Collins filed for divorce from his ex-wife, Faye Grant. 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. She joined Yacktman in 2013. Paddock Publications, Inc. is an Employee-Owned Company. Congrats! 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. Join to connect BYU . "We are truly inspired by the generosity of this contribution, and the opportunities it will provide for Buffalo Grove High School. "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, noting the demand for skilled workers in areas like manufacturing. He said he hopes the new lab will help students develop workforce skills and provide training for their careers. I have no business relationship with any company whose stock is mentioned in this article. "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. Who is Stephen A. Smith's wife? He will continue to contribute ideas as a member of the portfolio team. 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. A. in Business Administration from Mount Union College and an MBA from the University of North Carolina Kenan-Flagler Business School. Ploplys worked at District 214 for more than 30 years as a science educator teaching chemistry and physics, and retired in 2003. "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.". He has been co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund since 2002 and AMG Yacktman Global Fund since inception. Russell is a member of the Management Committee. It is the largest single gift in the school's. He founded Yacktman Asset Management in 1992 after a successful stint as a portfolio manager at Selected American Shares, and launched the Yacktman Fund soon after. I am not receiving compensation for it. "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. 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. Prior to founding the Yacktman firm in 1992, Don managed Selected American Shares(SLADX) for nearly a decade, during which time he was named Fund Manager of the Year by Morningstar in 1991. Credit Suisses Judah Frommer concurs with Wolf, and gives SYY another Buy rating and $75 price target. Salm will also continue to contribute ideas to Putnam Income, alongside Brett Kozlowski and new comanager addition Michael Murphy, who came aboard on July 29. Austin, Texas (TX), US. Its name was changed to AMG Yacktman Fund after Affiliated Managers Group (AMG) purchased a majority stake in the firm in 2012. Though his career is in finance, he says he maintains a passion for manufacturing, engineering, science and technology. The student and teacher still stay in touch, having taken a zero-gravity airplane flight together. The science lab on the southwest side of the school building was expanded last summer and will be updated during the next four months in time for classes in the spring 2020 semester. He joined the firm in 2020 after working previously at Fidelity Investments and Affiliated Managers Group. Yacktman, who grew up in Arlington Heights, went on to attend Brigham Young University, where he graduated with an economics degree and an MBA. USB stock has seen some split opinions recently from market analysts. They struck up a conversation and Yacktman soon invited Ploplys to join him and his family on a zero-gravity airplane flight. 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. Additionally, in mid-June, Dale Snyder was named a comanager of Praxis Value Index(MVIAX) and Praxis Growth Index (MGNDX). In an initial conversation with the Foundation, he noted that he attributes much of his success in life to his experiences at Buffalo Grove High School. How we use your information depends on the product and service that you use and your relationship with us. 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. The average price target, $114, is actually a slight downside (1.65%) from the current share price of $115. Mr. Sues is Partner and Portfolio Manager at Yacktman Asset Management. I wrote this article myself, and it expresses my own opinions. 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.". 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. Pepsis most recent analyst rating, from Kevin Grundy at Jefferies, is a Hold. Grundy gives the stock a $105 price target, implying a downside of 9.41%. Ploplys worked at District 214 for more than 30 years as science educator, teaching Chemistry, Physics, Honors Physics and Advanced Placement Physics courses. 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. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. Copyright 2023 Morningstar, Inc. All rights reserved. Molly began her career as an investment banking analyst in New York. 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. 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. 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 Mr. Wilkins is Partner and Portfolio Manager at Yacktman Asset Management. Also, Mario Gabelli makes a very large gift to his alma mater. Ms. Buie is a Certified Securities Compliance Professional (CSCP) and a former board member of the National Society of Compliance Professionals. Hes also sanguine about the restricted use of the family name. The YCG Enhanced Fund, which employs options strategies to reduce risk for its portfolio of around 30 stocks, has been doing that with finesse. While the duo focuses on finding mispriced companies in the US, their strategy also . 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. The lab will be named for Ploplys and his legacy, according to the school. 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. "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. by Kate Marin. Yacktman Asset Management is an Austin, Texas-based investment firm with a focus on value equity investing. The donation is made in honor of Yacktman's former AP Physics instructor, Saulius Ploplys, who retired in 2003. Stephen Yacktmans (center) senior yearbook picture. Stephen Yacktman Student at BYU Provo, Utah, United States. 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