Kodai Capital Management LP Takes Position in Yum! Brands, Inc. $YUM

Key Points

• Kodai Capital Management LP acquired 164,701 shares of Yum! Brands, valued at approximately $25.9 million, increasing its stake to 0.06% in the company as of the latest quarter.
• Yum! Brands reported a quarterly earnings per share (EPS) of $1.44, missing analyst estimates, but revenue increased by 9.6% compared to the previous year.
• The company announced a quarterly dividend of $0.71 per share, representing a 2.0% yield, with an issue date set for September 12th.

Kodai Capital Management LP purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 164,701 shares of the restaurant operator's stock, valued at approximately $25,917,000. Kodai Capital Management LP owned 0.06% of Yum! Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC lifted its stake in Yum! Brands by 40.5% in the first quarter. Evergreen Capital Management LLC now owns 3,514 shares of the restaurant operator's stock valued at $553,000 after acquiring an additional 1,013 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Yum! Brands by 44.6% in the first quarter. Canada Pension Plan Investment Board now owns 221,950 shares of the restaurant operator's stock valued at $34,926,000 after acquiring an additional 68,430 shares during the last quarter. State of Wyoming acquired a new stake in Yum! Brands in the first quarter valued at approximately $80,000. Trexquant Investment LP acquired a new stake in shares of Yum! Brands in the first quarter worth $2,805,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of Yum! Brands in the first quarter worth $238,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Stock Performance

Shares of YUM stock traded down $1.61 during mid-day trading on Tuesday, reaching $145.36. The company's stock had a trading volume of 1,619,013 shares, compared to its average volume of 2,133,039. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The company has a market cap of $40.34 billion, a P/E ratio of 28.67, a PEG ratio of 2.29 and a beta of 0.73. The firm's 50-day moving average is $146.92 and its two-hundred day moving average is $148.17.

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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company posted $1.35 EPS. The company's quarterly revenue was up 9.6% compared to the same quarter last year. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

The company 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 2.0%. Yum! Brands's dividend payout ratio is presently 56.02%.

Wall Street Analysts Forecast Growth

YUM has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Barclays restated an "overweight" rating and issued a $164.00 price objective (down from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Evercore ISI reduced their price objective on shares of Yum! Brands from $170.00 to $165.00 and set an "in-line" rating for the company in a research note on Wednesday, August 6th. The Goldman Sachs Group upgraded shares of Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 price objective for the company in a research note on Wednesday, June 4th. Finally, Sanford C. Bernstein set a $164.00 price objective on shares of Yum! Brands in a research note on Tuesday, August 5th. Ten research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $161.23.

Insider Activity

In other Yum! Brands news, COO Tracy L. Skeans sold 12,220 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the firm'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 completion of the sale, the director 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 a total of 29,284 shares of company stock worth $4,310,663 in the last quarter. 0.33% of the stock is owned by company insiders.

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.