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Ken Fisher Trims Positions in PepsiCo, Unilever

- By Tiziano Frateschi

Guru Ken Fisher (Trades, Portfolio), who leads Fisher Asset Management, sold shares of the following stocks during the first quarter.


The investor reduced his PepsiCo Inc. (PEP) holding by 96.66%. The trade had an impact of -1.01% on the portfolio.

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The company, which manufactures soft drink and snacks, has a market cap of $177.60 billion.


GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 104.88% and return on assets of 16.24% are outperforming 57% of companies in the Beverages - Soft Drinks industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.17 is below the industry median of 0.73.

The company's largest guru shareholder is Pioneer Investments (Trades, Portfolio) with 0.74% of outstanding shares, followed by Yacktman Asset Management (Trades, Portfolio) with 0.55% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.52%.

The guru trimmed his Procter & Gamble Co. (PG) stake by 51.73%, impacting the portfolio by -0.67%.

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The consumer products manufacturer has a market cap of $262.82 billion and an enterprise value of $284.68 billion.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 20.09% and return on assets of 9.09% are outperforming 78% of companies in the Household and Personal Products industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.33 is below the industry median of 0.49.


The company's largest guru shareholder is Yacktman Asset Management with 0.49% of outstanding shares, followed by Pioneer Investments with 0.25%, the Yacktman Fund (Trades, Portfolio) with 0.22% and Fisher with 0.20%.


Fisher curbed his Unilever NV (UN) position by 77.86%, impacting the portfolio by -0.24%.

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The company has a market cap of $155.65 billion and an enterprise value of $178.68 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 76.57% and return on assets of 15.40% are outperforming 90% of companies in the Household and Personal Products industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.16 is below the industry median of 0.49.

The company's largest guru shareholder is Tom Russo (Trades, Portfolio) with 0.55% of outstanding shares, followed by Fisher with 0.04% and Tweedy Browne (Trades, Portfolio) with 0.02%.

The guru exited his Grupo Televisa SAB (TV) stake, impacting the portfolio by -0.16%.

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The media company has a market cap of $6.23 billion and an enterprise value of $11.74 billion.


GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 6.80% and return on assets of 2.05% are outperforming 51% of companies in the Broadcasting - TV industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.26 is below the industry median of 0.82.


The company's largest guru shareholder is Dodge & Cox with 9.44% of outstanding shares, followed by David Herro (Trades, Portfolio) with 4.65% and Bill Gates (Trades, Portfolio)' foundation with 2.90%.

The investor reduced his Reckitt Benckiser Group PLC (RBGLY) holding by 78.96%, impacting the portfolio by -0.12%.

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The consumer goods manufacturer has a market cap of $56.69 billion and an enterprise value of $70.33 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 15.43% and return on assets of 5.82% are outperforming 92% of companies in the Household and Personal Products industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.13 is below the industry median of 0.49.

The company's largest guru shareholder is Fisher with 0.04% of outstanding shares.

Fisher divested of his position in Finisar Corp. (FNSR), impacting the portfolio by -0.11%.

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The company, which provides fiber optic modules and components, has a market cap of $2.82 billion and an enterprise value of $2.41 billion.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -3.55% and return on assets of -2.25% are outperforming 56% of companies in the Communication Equipment industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1.80 is below the industry median of 2.0.


The company's largest guru shareholder is Chuck Royce (Trades, Portfolio) with 0.59% of outstanding shares, followed by Simons' firm with 0.01%

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.