Ninety One UK Ltd Buys Shares of 100,063 Yum! Brands, Inc. $YUM

Key Points

• Ninety One UK Ltd acquired a new stake in Yum! Brands, Inc., purchasing 100,063 shares valued at approximately $14.8 million during the second quarter.
• Yum! Brands reported a quarterly EPS of $1.44, missing analysts' expectations of $1.46, with revenue of $1.93 billion, slightly below the expected $1.94 billion.
• The company declared a quarterly dividend of $0.71, representing an annualized yield of 1.9%, with a payout ratio of 56.02%.

Ninety One UK Ltd bought a new stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 100,063 shares of the restaurant operator's stock, valued at approximately $14,827,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HFM Investment Advisors LLC acquired a new stake in Yum! Brands in the first quarter valued at $25,000. Greykasell Wealth Strategies Inc. acquired a new stake in Yum! Brands in the first quarter valued at $25,000. Manchester Capital Management LLC raised its stake in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after buying an additional 71 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Yum! Brands during the 2nd quarter worth $29,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Yum! Brands during the 1st quarter worth $32,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Yum! Brands Trading Up 0.7%

Yum! Brands stock opened at $153.09 on Thursday. The stock has a market cap of $42.49 billion, a PE ratio of 30.20, a P/E/G ratio of 2.37 and a beta of 0.72. The stock has a 50-day moving average price of $146.86 and a 200 day moving average price of $147.36. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The company's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.35 EPS. On average, equities analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

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

Insiders Place Their Bets

In other news, COO Tracy L. Skeans sold 12,220 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 7,176 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $149.80, for a total value of $1,074,964.80. Following the sale, the chief executive officer owned 102,893 shares of the company's stock, valued at $15,413,371.40. The trade was a 6.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,195 shares of company stock worth $5,348,137 over the last 90 days. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on YUM. JPMorgan Chase & Co. cut their price target on Yum! Brands from $162.00 to $160.00 and set an "overweight" rating for the company in a research note on Wednesday, August 6th. Sanford C. Bernstein set a $164.00 price target on Yum! Brands in a research note on Tuesday, August 5th. Evercore ISI cut their price target on 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. Melius began coverage on Yum! Brands in a research note on Monday, July 14th. They set a "buy" rating and a $200.00 price target for the company. Finally, Barclays reaffirmed an "overweight" rating and set a $164.00 price target (down previously from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Yum! Brands presently has an average rating of "Hold" and a consensus target price of $161.23.

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.

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