DekaBank Deutsche Girozentrale Grows Holdings in Yum! Brands, Inc. $YUM

Key Points

• DekaBank Deutsche Girozentrale increased its holdings in Yum! Brands, Inc. by 3.4% during the second quarter, now owning approximately 0.23% of the company, valued at $94.6 million.
• Yum! Brands reported a quarterly earnings miss with an EPS of $1.44, below the anticipated $1.46, and a revenue of $1.93 billion for the quarter, which was 9.6% higher than the previous year.
• The firm declared a quarterly dividend of $0.71 per share, resulting in an annualized dividend of $2.84 and a yield of 1.9%.

DekaBank Deutsche Girozentrale increased its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 635,355 shares of the restaurant operator's stock after purchasing an additional 21,143 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.23% of Yum! Brands worth $94,647,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in Yum! Brands by 5.6% in the 2nd quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator's stock worth $189,000 after purchasing an additional 68 shares in the last quarter. Valmark Advisers Inc. boosted its stake in Yum! Brands by 3.7% in the 2nd quarter. Valmark Advisers Inc. now owns 1,915 shares of the restaurant operator's stock worth $284,000 after purchasing an additional 69 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Yum! Brands by 78.0% in the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Yum! Brands by 7.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator's stock worth $165,000 after purchasing an additional 71 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in Yum! Brands by 0.8% in the 1st quarter. Valeo Financial Advisors LLC now owns 9,178 shares of the restaurant operator's stock worth $1,444,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 82.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Sanford C. Bernstein set a $164.00 target price on shares of Yum! Brands in a research note on Tuesday, August 5th. Barclays restated an "overweight" rating and set a $164.00 target price (down previously from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. JPMorgan Chase & Co. lowered their target price on shares of Yum! Brands from $162.00 to $160.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. Finally, Citigroup upped their target price on shares of Yum! Brands from $156.00 to $158.00 and gave the company a "neutral" rating in a research note on Monday. Eleven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, Yum! Brands has an average rating of "Hold" and a consensus price target of $161.78.

Insider Buying and Selling at Yum! Brands

In other news, CEO Scott Mezvinsky sold 275 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total transaction of $41,962.25. Following the completion of the sale, the chief executive officer owned 1,755 shares of the company's stock, valued at $267,795.45. This represents a 13.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $145.30, for a total transaction of $296,121.40. Following the sale, the director directly owned 1,233 shares of the company's stock, valued at $179,154.90. The trade was a 62.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,078 shares of company stock worth $4,304,785 over the last 90 days. 0.33% of the stock is owned by company insiders.

Yum! Brands Stock Up 2.0%

NYSE YUM opened at $148.17 on Tuesday. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30. The firm has a market capitalization of $41.12 billion, a P/E ratio of 29.22, a PEG ratio of 2.25 and a beta of 0.72. The company has a 50-day moving average price of $147.28 and a 200-day moving average price of $146.21.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the company earned $1.35 EPS. Yum! Brands's revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. Yum! Brands's dividend payout ratio is presently 56.02%.

Yum! Brands 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.

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