Wellington Management Group LLP Has $826,000 Stake in Yum! Brands, Inc. $YUM

Wellington Management Group LLP increased its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 100.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,247 shares of the restaurant operator's stock after purchasing an additional 2,632 shares during the quarter. Wellington Management Group LLP's holdings in Yum! Brands were worth $826,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. bought a new position in Yum! Brands during the first quarter worth $25,000. Manchester Capital Management LLC lifted its stake in Yum! Brands by 78.0% in the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock valued at $25,000 after buying an additional 71 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Yum! Brands in the first quarter valued at $32,000. Financial Gravity Asset Management Inc. bought a new stake in Yum! Brands in the first quarter valued at $38,000. Finally, MorganRosel Wealth Management LLC bought a new stake in Yum! Brands in the first quarter valued at $41,000. 82.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on YUM. Redburn Atlantic upgraded Yum! Brands from a "neutral" rating to a "buy" rating and raised their target price for the company from $145.00 to $177.00 in a research note on Tuesday, June 10th. TD Cowen cut their target price on Yum! Brands from $158.00 to $156.00 and set a "hold" rating on the stock in a research note on Tuesday, August 5th. Barclays reiterated an "overweight" rating and issued a $164.00 target price (down from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. JPMorgan Chase & Co. lowered their price target on Yum! Brands from $162.00 to $160.00 and set an "overweight" rating on the stock in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group raised Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 price target on the stock in a report on Wednesday, June 4th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, Yum! Brands presently has an average rating of "Hold" and an average target price of $161.23.

Yum! Brands Stock Performance

Shares of NYSE:YUM traded down $0.94 during midday trading on Thursday, reaching $143.61. The company had a trading volume of 1,484,374 shares, compared to its average volume of 2,125,675. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The firm has a market cap of $39.86 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.29 and a beta of 0.73. The company has a fifty day simple moving average of $146.92 and a two-hundred day simple moving average of $148.13.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share 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 company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $1.35 EPS. The company's revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

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

Insiders Place Their Bets

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