QRG Capital Management Inc. Has $13.84 Million Stake in Yum! Brands, Inc. $YUM

Key Points

• QRG Capital Management Inc. increased its stake in Yum! Brands, Inc. by 2.9%, holding 93,364 shares valued at approximately $13.84 million.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, made significant increases to their positions in Yum! Brands during the previous quarter, collectively owning over 82% of the company's stock.
• Yum! Brands reported earnings per share of $1.44 for the last quarter, missing analysts' expectations, while their revenue increased 9.6% year-over-year to $1.93 billion.

QRG Capital Management Inc. grew its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,364 shares of the restaurant operator's stock after purchasing an additional 2,625 shares during the quarter. QRG Capital Management Inc.'s holdings in Yum! Brands were worth $13,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Yum! Brands by 1.4% in the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock valued at $5,367,427,000 after purchasing an additional 483,918 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Yum! Brands by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,098,801 shares of the restaurant operator's stock valued at $330,267,000 after purchasing an additional 53,326 shares during the last quarter. TD Asset Management Inc grew its position in shares of 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 valued at $307,504,000 after purchasing an additional 27,355 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $305,286,000 after purchasing an additional 430,511 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $267,559,000 after buying an additional 23,008 shares during the period. Institutional investors and hedge funds own 82.37% of the company's stock.

Insider Transactions at Yum! Brands

In other news, COO Tracy L. Skeans sold 12,220 shares of the stock in a transaction on Friday, August 15th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,176 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $149.80, for a total value of $1,074,964.80. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,195 shares of company stock valued at $5,348,137 over the last quarter. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

YUM has been the subject of several recent research reports. Wells Fargo & Company cut their price target on 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. 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Yum! Brands in a research note on Saturday, September 27th. 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. Finally, Barclays reiterated an "overweight" rating and issued a $164.00 price target (down from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat, Yum! Brands has an average rating of "Hold" and an average target price of $161.32.

Yum! Brands Price Performance

NYSE YUM opened at $150.61 on Friday. The business has a fifty day moving average price of $147.05 and a two-hundred day moving average price of $147.21. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The stock has a market capitalization of $41.80 billion, a PE ratio of 29.71, a PEG ratio of 2.35 and a beta of 0.72.

Yum! Brands (NYSE:YUM - Get Free Report) last released its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share 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 business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company earned $1.35 earnings per share. The firm's revenue for the quarter 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid 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 was Tuesday, September 2nd. Yum! Brands's dividend payout ratio is presently 56.02%.

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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