Dimensional Fund Advisors LP boosted its position in shares of Yum Brands Inc. (NYSE:YUM) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 840,732 shares of the restaurant operator’s stock after buying an additional 6,123 shares during the period. Dimensional Fund Advisors LP owned about 0.22% of Yum Brands worth $69,713,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Loomis Sayles & Co. L P increased its stake in Yum Brands by 7.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,473,108 shares of the restaurant operator’s stock worth $447,973,000 after buying an additional 382,331 shares during the period. Geode Capital Management LLC increased its stake in Yum Brands by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,357,178 shares of the restaurant operator’s stock worth $274,229,000 after buying an additional 28,204 shares during the period. BlackRock Group LTD increased its stake in Yum Brands by 0.4% in the first quarter. BlackRock Group LTD now owns 3,169,815 shares of the restaurant operator’s stock worth $259,449,000 after buying an additional 11,248 shares during the period. UBS Asset Management Americas Inc. increased its stake in Yum Brands by 4.5% in the first quarter. UBS Asset Management Americas Inc. now owns 2,580,954 shares of the restaurant operator’s stock worth $211,252,000 after buying an additional 110,616 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Yum Brands by 5.0% in the second quarter. Ameriprise Financial Inc. now owns 2,250,946 shares of the restaurant operator’s stock worth $186,647,000 after buying an additional 106,553 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.
Yum Brands Inc. (NYSE:YUM) traded up 0.14% during midday trading on Thursday, reaching $90.35. The company’s stock had a trading volume of 749,219 shares. Yum Brands Inc. has a 52-week low of $64.58 and a 52-week high of $91.99. The stock has a market capitalization of $35.23 billion, a price-to-earnings ratio of 27.23 and a beta of 0.81. The firm has a 50-day moving average price of $89.57 and a 200 day moving average price of $84.76.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. The business earned $3.01 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. Equities research analysts predict that Yum Brands Inc. will post $3.69 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, October 17th. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is presently 55.42%.
YUM has been the subject of a number of research reports. BTIG Research reissued a “hold” rating on shares of Yum Brands in a research report on Sunday, September 4th. Wells Fargo & Co. reissued a “market perform” rating and set a $83.00 price target on shares of Yum Brands in a research report on Monday, July 11th. Cowen and Company reissued a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Credit Agricole SA restated an “underperform” rating and set a $82.00 price objective on shares of Yum Brands in a research note on Thursday, July 14th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. Yum Brands presently has an average rating of “Hold” and a consensus target price of $90.71.
In other Yum Brands news, CEO Roger G. Eaton sold 53,518 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $91.72, for a total transaction of $4,908,670.96. Following the completion of the transaction, the chief executive officer now owns 245,736 shares in the company, valued at $22,538,905.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tracy L. Skeans sold 1,793 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $90.02, for a total transaction of $161,405.86. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by corporate insiders.
About Yum Brands
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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