Dimensional Fund Advisors LP lifted its position in Yum! Brands, Inc. (NYSE:YUM) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 755,600 shares of the restaurant operator’s stock after purchasing an additional 11,988 shares during the quarter. Dimensional Fund Advisors LP owned about 0.24% of Yum! Brands worth $69,456,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Yum! Brands by 2.4% in the fourth quarter. BlackRock Inc. now owns 21,595,217 shares of the restaurant operator’s stock valued at $1,985,033,000 after acquiring an additional 496,648 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Yum! Brands by 6,899.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock valued at $64,000 after acquiring an additional 5,832,264 shares in the last quarter. Northern Trust Corp raised its holdings in Yum! Brands by 2.0% during the fourth quarter. Northern Trust Corp now owns 3,931,459 shares of the restaurant operator’s stock worth $361,380,000 after purchasing an additional 78,678 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Yum! Brands by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,911,590 shares of the restaurant operator’s stock worth $175,713,000 after purchasing an additional 162,658 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Yum! Brands by 40.1% during the fourth quarter. California Public Employees Retirement System now owns 1,672,639 shares of the restaurant operator’s stock worth $153,749,000 after purchasing an additional 478,571 shares in the last quarter. 74.91% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:YUM traded up $0.81 during midday trading on Friday, hitting $109.79. 1,033,560 shares of the stock were exchanged, compared to its average volume of 1,704,198. The company has a market capitalization of $33.33 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 2.33 and a beta of 0.55. Yum! Brands, Inc. has a twelve month low of $77.09 and a twelve month high of $110.12.
Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.02. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The business’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. On average, equities analysts forecast that Yum! Brands, Inc. will post 3.81 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Thursday, May 16th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Wednesday, May 15th. Yum! Brands’s payout ratio is 53.00%.
In other Yum! Brands news, CEO Greg Creed sold 44,949 shares of Yum! Brands stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total value of $4,756,503.18. Following the completion of the sale, the chief executive officer now owns 158,745 shares in the company, valued at approximately $16,798,395.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David W. Gibbs sold 1,531 shares of Yum! Brands stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $99.54, for a total value of $152,395.74. Following the completion of the sale, the chief financial officer now owns 41,345 shares of the company’s stock, valued at approximately $4,115,481.30. The disclosure for this sale can be found here. Insiders sold a total of 52,328 shares of company stock valued at $5,498,068 in the last three months. 0.67% of the stock is currently owned by corporate insiders.
YUM has been the topic of a number of research reports. Evercore ISI initiated coverage on shares of Yum! Brands in a research report on Tuesday. They set an “outperform” rating and a $120.00 target price on the stock. UBS Group raised their target price on shares of Yum! Brands from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Citigroup lifted their price objective on shares of Yum! Brands from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. BTIG Research lifted their price objective on shares of Yum! Brands to $114.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $112.00 price objective on shares of Yum! Brands in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $101.00.
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Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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