DoubleLine ETF Adviser LP Takes Position in Yum! Brands, Inc. $YUM

Key Points

• DoubleLine ETF Adviser LP has acquired 6,381 shares of Yum! Brands, Inc. ($YUM), valued at approximately $1,004,000, during the first quarter of the year.
• Yum! Brands reported $1.44 EPS for the last quarter, missing the consensus estimate of $1.46, with revenues of $1.93 billion, slightly below analyst expectations.
• The company announced a quarterly dividend of $0.71 per share, resulting in an annualized dividend yield of 2.0%, with an ex-dividend date of September 2nd.

DoubleLine ETF Adviser LP acquired a new position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,381 shares of the restaurant operator's stock, valued at approximately $1,004,000.

Several other hedge funds have also recently bought and sold shares of YUM. Vanguard Group Inc. boosted its position in shares of Yum! Brands by 1.4% during the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock worth $5,367,427,000 after buying an additional 483,918 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Yum! Brands by 14.5% in the 4th 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 period. TD Asset Management Inc increased its stake in shares of Yum! Brands by 1.4% during the first quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator's stock valued at $307,504,000 after acquiring an additional 27,355 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Yum! Brands by 28.5% during 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 purchasing an additional 430,511 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Yum! Brands by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,700,298 shares of the restaurant operator's stock worth $267,559,000 after purchasing an additional 23,008 shares during the period. 82.37% of the stock is currently owned by institutional investors.

Yum! Brands Price Performance

Yum! Brands stock opened at $144.52 on Thursday. The firm has a fifty day moving average price of $146.92 and a two-hundred day moving average price of $148.13. The firm has a market cap of $40.11 billion, a price-to-earnings ratio of 28.50, 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 quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business posted $1.35 EPS. The company's revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a $0.71 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. Yum! Brands's dividend payout ratio is currently 56.02%.

Analyst Upgrades and Downgrades

Several brokerages have commented on YUM. The Goldman Sachs Group upgraded shares of Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 price target on the stock in a research report on Wednesday, June 4th. Evercore ISI dropped their price target on Yum! Brands from $170.00 to $165.00 and set an "in-line" rating on the stock in a research note on Wednesday, August 6th. Sanford C. Bernstein set a $164.00 price target on shares of Yum! Brands in a research report on Tuesday, August 5th. Guggenheim restated a "buy" rating and issued a $167.00 target price (up previously from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Finally, Wells Fargo & Company lowered their price target on Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $161.23.

Insider Buying and Selling

In related news, CEO Scott Mezvinsky sold 263 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $139.92, for a total value of $36,798.96. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $245,559.60. The trade was a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,106 shares of Yum! Brands stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $146.84, for a total value of $1,043,445.04. Following the completion of the sale, the chief executive officer directly owned 102,893 shares in the company, valued at $15,108,808.12. This represents a 6.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,016 shares of company stock valued at $4,271,543. 0.33% of the stock is currently owned by company insiders.

About Yum! Brands

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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