Robeco Institutional Asset Management B.V. Buys 42,668 Shares of Yum! Brands, Inc. $YUM

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Yum! Brands, Inc. by 163.4%, owning a total of 68,773 shares valued at approximately $10.19 million after purchasing 42,668 shares.
• Yum! Brands reported earnings per share (EPS) of $1.44, missing expectations by two cents, with revenue of $1.93 billion compared to projected revenues of $1.94 billion.
• The company declared a quarterly dividend of $0.71 per share, marking a 1.9% yield, with a payout ratio of 56.02%.

Robeco Institutional Asset Management B.V. boosted its stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 163.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,773 shares of the restaurant operator's stock after purchasing an additional 42,668 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Yum! Brands were worth $10,191,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Yum! Brands by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock valued at $5,367,427,000 after buying an additional 483,918 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 in the last quarter. TD Asset Management Inc increased its position in 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 worth $307,504,000 after purchasing an additional 27,355 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 valued at $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% during 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 purchasing an additional 23,008 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company's stock.

Yum! Brands Stock Performance

YUM opened at $150.61 on Monday. The stock's 50 day moving average price is $147.05 and its 200-day moving average price is $147.13. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30. The stock has a market cap of $41.80 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 2.35 and a beta of 0.72.

Yum! Brands (NYSE:YUM - Get Free Report) last posted 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). The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.94 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. Yum! Brands's revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 EPS. As a group, analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Guggenheim reissued a "buy" rating and set a $167.00 price objective (up from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Sanford C. Bernstein set a $164.00 price objective on Yum! Brands in a research note on Tuesday, August 5th. Redburn Atlantic raised Yum! Brands from a "neutral" rating to a "buy" rating and boosted their target price for the company from $145.00 to $177.00 in a research report on Tuesday, June 10th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Yum! Brands in a report on Saturday, September 27th. 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 MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $161.32.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO Scott Mezvinsky sold 275 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the sale, the chief executive officer directly owned 1,755 shares of the company's stock, valued at $267,795.45. The trade was a 13.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Tracy L. Skeans sold 12,220 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,195 shares of company stock worth $5,348,137. Corporate insiders own 0.33% of the company's stock.

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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