Yum! Brands, Inc. $YUM Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Yum! Brands, Inc. by 8.3%, selling 23,400 shares and holding 259,700 shares valued at approximately $37.8 million as of the latest SEC filing.
• Yum! Brands reported a quarterly earnings miss with $1.44 EPS versus an expected $1.46 EPS and a revenue of $1.93 billion, slightly below the consensus estimate.
• The company announced a $0.71 per share quarterly dividend with a dividend yield of 1.9%, set to be paid to stockholders on September 12th.

APG Asset Management N.V. lowered its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,700 shares of the restaurant operator's stock after selling 23,400 shares during the quarter. APG Asset Management N.V. owned approximately 0.09% of Yum! Brands worth $37,832,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Yum! Brands by 1.4% in the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock worth $5,367,427,000 after acquiring an additional 483,918 shares during the last quarter. Northern Trust Corp lifted its stake in Yum! Brands by 20.4% in the fourth quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock worth $475,714,000 after acquiring an additional 601,361 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Yum! Brands by 14.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,045,475 shares of the restaurant operator's stock worth $274,421,000 after acquiring an additional 258,369 shares during the last quarter. TD Asset Management Inc lifted its stake in Yum! Brands by 1.4% in the first quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator's stock worth $307,504,000 after acquiring an additional 27,355 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Yum! Brands by 28.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,940,044 shares of the restaurant operator's stock worth $305,286,000 after acquiring an additional 430,511 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company's stock.

Yum! Brands Trading Up 0.2%

Shares of Yum! Brands stock traded up $0.33 during trading on Tuesday, reaching $147.22. The company's stock had a trading volume of 1,664,946 shares, compared to its average volume of 2,300,405. The company has a 50-day moving average price of $146.37 and a two-hundred day moving average price of $148.21. The firm has a market cap of $40.86 billion, a PE ratio of 29.04, a P/E/G ratio of 2.29 and a beta of 0.73. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business's revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 earnings per share. On average, analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Yum! Brands's payout ratio is presently 56.02%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on YUM shares. Wells Fargo & Company decreased their price target on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. TD Cowen cut their price objective on shares of Yum! Brands from $158.00 to $156.00 and set a "hold" rating on the stock in a report on Tuesday, August 5th. Oppenheimer reissued an "outperform" rating and set a $185.00 price objective on shares of Yum! Brands in a report on Monday, April 28th. Barclays reissued an "overweight" rating and set a $164.00 price objective (down previously from $167.00) on shares of Yum! Brands in a report on Tuesday, August 5th. Finally, Guggenheim reissued a "buy" rating and set a $167.00 price objective (up previously from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $161.23.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, COO Tracy L. Skeans sold 12,220 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $145.30, for a total transaction of $296,121.40. Following the completion of the transaction, the director directly owned 1,233 shares in the company, valued at $179,154.90. This represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,284 shares of company stock valued at $4,310,663. Insiders own 0.33% of the company's stock.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.