The Legendary Bill Nygren Bought These Value Gems Last Quarter

<h3>Quick Read</h3>
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<li> <p class="yf-1fy9kyt">Keurig Dr. Pepper (KDP) trades at 11.9x forward P/E and will spin off its coffee and beverage business following its JDE Peet’s deal, creating potential shareholder value despite execution risks. Salesforce (CRM) has fallen sharply on AI concerns but trades at 24.6x trailing P/E.</p></li>
<li> <p class="yf-1fy9kyt">Bill Nygren’s Oakmark Select Fund added to these value opportunities amid market turbulence.</p></li>
<li> <p class="yf-1fy9kyt">A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality.</p><a href="https://247wallst.com/lp/the-simple-habit-that-can-double-americans-retirement-savings-and-why-you-should-start-today/?i=c13212fb-c9fa-45d7-97b4-e261e084465f&amp;p=ebadc3d1-a33c-4a9b-912c-8b2543ac0c0b&amp;pos=keypoints&amp;tpid=1566550&amp;utm_source=yahoo&amp;utm_medium=referral&amp;utm_campaign=feed&amp;utm_content=feed||1566550">Read more here</a>.</li>
</ul>
<p>Billionaire legend Bill Nygren over at the Oakmark Select Fund has arguably been one of the biggest names to watch as of the fourth quarter. With market turbulence picking up and numerous hedge funds taking a bit of profit off the table before the year began, questions linger as to what is still worth buying as the S&amp;P 500 looks to dip on the back of concerning headlines coming from the Middle East.</p>
<p>Either way, those with a long-term view might wish to have a closer look at the moves of Nygren's impressive fund. They've made quite a few sales across the board, but what's more interesting, at least in my view, were the buys. There were a lot of value gems picked up by Oakmark in the last quarter, and many of them, I think, are worth adding to a watchlist or buying up, even as the market looks to feel stuck for a while longer.</p>
<p>Let's look at two names that I think stood out the most:</p>
<p>Read: <a href="https://247wallst.com/lp/the-simple-habit-that-can-double-americans-retirement-savings-and-why-you-should-start-today/?i=c13212fb-c9fa-45d7-97b4-e261e084465f&amp;p=d474a5a7-790a-4f9f-bfcb-02fc45c14ad3&amp;pos=mid_content&amp;tpid=1566550">Data Shows One Habit Doubles American’s Savings And Boosts Retirement</a></p>
<p>Most Americans drastically underestimate how much they need to retire and overestimate how prepared they are. But data shows that <a href="https://247wallst.com/lp/the-simple-habit-that-can-double-americans-retirement-savings-and-why-you-should-start-today/?i=c13212fb-c9fa-45d7-97b4-e261e084465f&amp;p=d474a5a7-790a-4f9f-bfcb-02fc45c14ad3&amp;pos=mid_content&amp;tpid=1566550">people with one habit</a> have more than double the savings of those who don’t.</p>
<h2>Keurig Dr. Pepper</h2>
<p>Keurig Dr. Pepper (<a href="https://finance.yahoo.com/quote/KDP/">NASDAQ:KDP</a>) is a fantastic staple to hold if you're looking to prepare for increased turbulence. While the stock may not have had an all too eventful start to the year, with flat gains, I do think that the price of admission has become incredibly modest, now going for 11.9 times forward price-to-earnings (P/E), which is especially low, not just for Keurig Dr. Pepper standards, but for the broad beverage scene as a whole.</p>
<p>When it comes to playing defense with fizzy sodas and morning brews, it doesn't get a whole lot cheaper than Keurig Dr. Pepper these days. And while the five-year chart is quite nasty, I do think there's a big shareholder-value-creative catalyst in store that might move the mark sooner rather than later.</p>
<p>After its JDE Peet's deal, Keurig Dr. Pepper will spin off its coffee and beverage business, which, I think, is for the better. As the two entities go their separate ways, there are undoubtedly execution risks to be aware of. In any case, I think such risks are already priced into the multiple and then some.</p>