Latest Picks from Tweedy Browne: GOOG, PSX, HBC, JNJ, BK, CSCO

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Long term value shop Tweedy Browne reported their Q2 portfolio. The firm bought into Google and beaten tech Cisco ( CSCO ). It did reduced their top holding Philip Morris International ( PM ), and sold out high dividend payers such as AT &T ( T ), and Coca-Cola ( KO ). Regarding to the positions Tweedy Browne sold, they wrote in their second quarter letter :

In terms of sales, we sold our remaining shares of Linde, AT&T ( T ), Genuine Parts ( GPC ) and Coca-Cola ( KO ), all of which had performed well, meeting our intrinsic value targets. We also sold our remaining shares of Mediaset SpA, which had been a disappointment in the wake of continued eurozone instability and economic malaise in Southern Europe. We continued to reduce our positions in the Mexican coca cola bottlers, Arca Continental and Coca-Cola Femsa, and trimmed our positions in Henkel, Kone, Philip Morris International, Diageo, Wal-Mart, and Kimberly Clark, among others as these companies' equity prices approached intrinsic value, and more attractively priced alternatives became available.

As of 06/30/2012, Tweedy Browne CO LLC owns 55 stocks with a total value of $2.8 billion. These are the details of the buys and sells.

For the details of Tweedy Browne's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tweedy+Browne

This is the sector weightings of his portfolio:

Financials 23.2%
Consumer Goods 21.6%
Health Care 16.3%
Industrials 14.4%
Oil & Gas 10.7%
Consumer Services 7.1%
Technology 5.7%
Not Assigned 0.5%
Basic Materials 0.2%



These are the top 5 holdings of Tweedy Browne

  1. Johnson & Johnson ( JNJ ) - 4,398,798 shares, 10.5% of the total portfolio. Shares added by 18.1%
  2. Philip Morris International Inc. ( PM ) - 3,206,793 shares, 9.8% of the total portfolio. Shares reduced by 22.69%
  3. ConocoPhillips ( COP ) - 2,888,805 shares, 5.7% of the total portfolio. Shares added by 6.06%
  4. Berkshire Hathaway Inc. ( BRK.A ) - 1,132 shares, 5.0% of the total portfolio. Shares reduced by 1.14%
  5. Baxter International Inc. ( BAX ) - 2,549,273 shares, 4.8% of the total portfolio. Shares reduced by 1.01%


New Purchase: Google Inc ( GOOG )

Tweedy Browne initiated holdings in Google Inc. Their purchase prices were between $558.07 and $645.74, with an estimated average price of $599.34. The impact to their portfolio due to this purchase was 3.2%. Their holdings were 158,023 shares as of 06/30/2012. Google is a public and profitable company focused on search services. Google Inc has a market cap of $209.95 billion; its shares were traded at around $653.59 with a P/E ratio of 18.8 and P/S ratio of 5.5. Google Inc had an annual average earnings growth of 51.9% over the past 10 years. GuruFocus rated Google Inc the business predictability rank of 2.5-star.

New Purchase: Phillips 66 ( PSX )

Tweedy Browne initiated holdings in Phillips 66. Their purchase prices were between $29.07 and $34.18, with an estimated average price of $31.83. The impact to their portfolio due to this purchase was 1.2%. Their holdings were 1,055,393 shares as of 06/30/2012. Phillips 66 is a downstream energy company. It operates in three segments: Refining & Marketing, Midstream and Chemicals. Phillips 66 has a market cap of $25.01 billion; its shares were traded at around $40.11 with a P/E ratio of 5.6 and P/S ratio of 0.1. The dividend yield of Phillips 66 stocks is 2%.

New Purchase: Hsbc Holdings Plc (adr) ( HBC )

Tweedy Browne initiated holdings in Hsbc Holdings Plc (adr). Their purchase prices were between $38.93 and $45.8, with an estimated average price of $42.98. The impact to their portfolio due to this purchase was 0.27%. Their holdings were 175,245 shares as of 06/30/2012. HSBC HOLDINGS is one of the largest banking and financial services organisations in the world. Hsbc Holdings Plc (adr) has a market cap of $162.47 billion; its shares were traded at around $44.49 with and P/S ratio of 1.8. The dividend yield of Hsbc Holdings Plc (adr) stocks is 4.6%. Hsbc Holdings Plc (adr) had an annual average earnings growth of 8.9% over the past 10 years.

Sold Out: At&t Inc. ( T )

Tweedy Browne sold out their holdings in At&t Inc.. Their sale prices were between $30.32 and $35.79, with an estimated average price of $33.15. AT&T Inc. is a premier communications holding company. At&t Inc. has a market cap of $219.8 billion; its shares were traded at around $37.36 with a P/E ratio of 16.4 and P/S ratio of 1.7. The dividend yield of At&t Inc. stocks is 4.7%. At&t Inc. had an annual average earnings growth of 3.3% over the past 10 years.

Sold Out: Broadridge Financial Solutions, Inc. ( BR )

Tweedy Browne sold out their holdings in Broadridge Financial Solutions, Inc.. Their sale prices were between $19.94 and $24.12, with an estimated average price of $21.71. Broadridge is a global provider of technology-based outsourcing solutions to the financial services industry. Broadridge Financial Solutions, Inc. has a market cap of $2.76 billion; its shares were traded at around $22.09 with a P/E ratio of 14.3 and P/S ratio of 1.2. The dividend yield of Broadridge Financial Solutions, Inc. stocks is 2.9%.

Sold Out: Cintas Corporation ( CTAS )

Tweedy Browne sold out their holdings in Cintas Corporation. Their sale prices were between $35.71 and $39.57, with an estimated average price of $37.9. Cintas Corp. provides a specialized service to businesses of all types - from small service and manufacturing companies to major corporations. Cintas Corporation has a market cap of $5.18 billion; its shares were traded at around $40.7 with a P/E ratio of 18 and P/S ratio of 1.3. The dividend yield of Cintas Corporation stocks is 1.3%. Cintas Corporation had an annual average earnings growth of 4.5% over the past 10 years. GuruFocus rated Cintas Corporation the business predictability rank of 2-star.

Sold Out: The Coca-cola Company ( KO )

Tweedy Browne sold out their holdings in The Coca-cola Company. Their sale prices were between $71.96 and $77.46, with an estimated average price of $74.95. The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. The Coca-cola Company has a market cap of $177.76 billion; its shares were traded at around $39.2055 with a P/E ratio of 20.1 and P/S ratio of 3.8. The dividend yield of The Coca-cola Company stocks is 2.6%. The Coca-cola Company had an annual average earnings growth of 8% over the past 10 years. GuruFocus rated The Coca-cola Company the business predictability rank of 3.5-star.

Sold Out: Genuine Parts Company ( GPC )

Tweedy Browne sold out their holdings in Genuine Parts Company. Their sale prices were between $57.45 and $66.26, with an estimated average price of $62.5. GENUINE PARTS COMPANY is a distributor of automotive replacement parts in the U. Genuine Parts Company has a market cap of $10 billion; its shares were traded at around $63.46 with a P/E ratio of 16.7 and P/S ratio of 0.8. The dividend yield of Genuine Parts Company stocks is 3.1%. Genuine Parts Company had an annual average earnings growth of 5.4% over the past 10 years. GuruFocus rated Genuine Parts Company the business predictability rank of 4-star.

Sold Out: Kraft Foods Inc ( KFT )

Tweedy Browne sold out their holdings in Kraft Foods Inc. Their sale prices were between $36.9 and $39.81, with an estimated average price of $38.46. Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc has a market cap of $72.55 billion; its shares were traded at around $40.95 with a P/E ratio of 17.1 and P/S ratio of 1.3. The dividend yield of Kraft Foods Inc stocks is 2.8%. Kraft Foods Inc had an annual average earnings growth of 0.4% over the past 10 years.

Added: Johnson & Johnson ( JNJ )

Tweedy Browne added to their holdings in Johnson & Johnson by 18.1%. Their purchase prices were between $61.94 and $67.65, with an estimated average price of $64.35. The impact to their portfolio due to this purchase was 1.61%. Their holdings were 4,398,798 shares as of 06/30/2012. Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $188.51 billion; its shares were traded at around $68.3 with a P/E ratio of 13.6 and P/S ratio of 2.9. The dividend yield of Johnson & Johnson stocks is 3.6%. Johnson & Johnson had an annual average earnings growth of 7.2% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 2.5-star.

Added: Bank Of Ny Mell ( BK )

Tweedy Browne added to their holdings in Bank Of Ny Mell by 41.69%. Their purchase prices were between $19.51 and $24.35, with an estimated average price of $21.93. The impact to their portfolio due to this purchase was 1.03%. Their holdings were 4,583,194 shares as of 06/30/2012. Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of Ny Mell has a market cap of $26.54 billion; its shares were traded at around $22.13 with a P/E ratio of 10.6 and P/S ratio of 1.8. The dividend yield of Bank Of Ny Mell stocks is 2.3%.

Added: Cisco Systems, Inc. ( CSCO )

Tweedy Browne added to their holdings in Cisco Systems, Inc. by 22.29%. Their purchase prices were between $15.99 and $21.18, with an estimated average price of $18.06. The impact to their portfolio due to this purchase was 0.46%. Their holdings were 4,148,134 shares as of 06/30/2012. Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems, Inc. has a market cap of $93.94 billion; its shares were traded at around $17.31 with a P/E ratio of 11.1 and P/S ratio of 2.2. The dividend yield of Cisco Systems, Inc. stocks is 1.8%. Cisco Systems, Inc. had an annual average earnings growth of 19.4% over the past 10 years. GuruFocus rated Cisco Systems, Inc. the business predictability rank of 2.5-star.

Added: Conocophillips ( COP )

Tweedy Browne added to their holdings in Conocophillips by 6.06%. Their purchase prices were between $51.11 and $76.47, with an estimated average price of $59.94. The impact to their portfolio due to this purchase was 0.33%. Their holdings were 2,888,805 shares as of 06/30/2012. ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $72.43 billion; its shares were traded at around $57.15 with a P/E ratio of 7.4 and P/S ratio of 0.3. The dividend yield of Conocophillips stocks is 4.6%. Conocophillips had an annual average earnings growth of 18.7% over the past 10 years.

Added: Sysco Corporation (SYY)

Tweedy Browne added to their holdings in Sysco Corporation by 10.64%. Their purchase prices were between $27.28 and $29.94, with an estimated average price of $28.61. The impact to their portfolio due to this purchase was 0.16%. Their holdings were 1,580,888 shares as of 06/30/2012. Sysco Corporation is the largest North American distributor of food and food related products to the foodservice or `food-prepared-away-from-home` industry. Sysco Corporation has a market cap of $16.89 billion; its shares were traded at around $29.99 with a P/E ratio of 13.9 and P/S ratio of 0.4. The dividend yield of Sysco Corporation stocks is 3.7%. Sysco Corporation had an annual average earnings growth of 7.7% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 4-star.

Added: Total S.a. (adr) (TOT)

Tweedy Browne added to their holdings in Total S.a. (adr) by 24.83%. Their purchase prices were between $42.14 and $51.77, with an estimated average price of $45.71. The impact to their portfolio due to this purchase was 0.14%. Their holdings were 443,893 shares as of 06/30/2012. Total Fina SA engages in worldwide oil and gas production, other upstream, RM&T and an expanding multi-national specialty chemicals business. Total S.a. (adr) has a market cap of $116.6 billion; its shares were traded at around $49.04 with a P/E ratio of 7.3 and P/S ratio of 0.5. The dividend yield of Total S.a. (adr) stocks is 5.1%. Total S.a. (adr) had an annual average earnings growth of 12.1% over the past 10 years. GuruFocus rated Total S.a. (adr) the business predictability rank of 4-star.

Reduced: Philip Morris International Inc. ( PM )

Tweedy Browne reduced to their holdings in Philip Morris International Inc. by 22.69%. Their sale prices were between $81.29 and $90.44, with an estimated average price of $86.48. The impact to their portfolio due to this sale was -2.86%. Tweedy Browne still held 3,206,793 shares as of 06/30/2012. Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International Inc. has a market cap of $157.27 billion; its shares were traded at around $92.315 with a P/E ratio of 18.2 and P/S ratio of 2.1. The dividend yield of Philip Morris International Inc. stocks is 3.3%.

Reduced: Coca-cola Femsa, S.a.b. De C.v. (adr) (KOF)

Tweedy Browne reduced to their holdings in Coca-cola Femsa, S.a.b. De C.v. (adr) by 33.12%. Their sale prices were between $102.79 and $127.82, with an estimated average price of $111.6. The impact to their portfolio due to this sale was -1.59%. Tweedy Browne still held 877,285 shares as of 06/30/2012. Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. Coca-cola Femsa, S.a.b. De C.v. (adr) has a market cap of $21.46 billion; its shares were traded at around $115.29 with a P/E ratio of 27.5 and P/S ratio of 2.2. The dividend yield of Coca-cola Femsa, S.a.b. De C.v. (adr) stocks is 1.7%. Coca-cola Femsa, S.a.b. De C.v. (adr) had an annual average earnings growth of 12.1% over the past 10 years. GuruFocus rated Coca-cola Femsa, S.a.b. De C.v. (adr) the business predictability rank of 3.5-star.

Reduced: Federated Investors Inc (FII)

Tweedy Browne reduced to their holdings in Federated Investors Inc by 47.22%. Their sale prices were between $18.81 and $22.76, with an estimated average price of $20.9. The impact to their portfolio due to this sale was -0.05%. Tweedy Browne still held 77,006 shares as of 06/30/2012. Federated Investors, Inc. is a provider of investment management and related financial services. Federated Investors Inc has a market cap of $2.14 billion; its shares were traded at around $20.42 with a P/E ratio of 13.4 and P/S ratio of 2.4. The dividend yield of Federated Investors Inc stocks is 4.7%.

Here is the complete portfolio of Tweedy Browne. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of Tweedy Browne.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: BR , COP , CTAS , GPC , KFT

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