Yum! Brands, Inc. $YUM Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 100.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 acquiring an additional 483,918 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Yum! Brands by 14.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,045,475 shares of the restaurant operator's stock valued at $274,421,000 after acquiring an additional 258,369 shares during the period. TD Asset Management Inc boosted its holdings in Yum! Brands by 1.4% during the 1st quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator's stock valued at $307,504,000 after acquiring an additional 27,355 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Yum! Brands by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,700,298 shares of the restaurant operator's stock valued at $267,559,000 after acquiring an additional 23,008 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Yum! Brands by 29.7% during the 4th quarter. Deutsche Bank AG now owns 1,195,586 shares of the restaurant operator's stock valued at $160,400,000 after acquiring an additional 273,547 shares during the period. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on YUM shares. Sanford C. Bernstein set a $164.00 target price on Yum! Brands in a report on Tuesday, August 5th. Morgan Stanley decreased their price objective on 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. JPMorgan Chase & Co. decreased their price objective 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. Barclays reiterated an "overweight" rating and issued a $164.00 price objective (down previously from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group upgraded 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. Ten 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 a consensus rating of "Hold" and an average target price of $161.23.

Yum! Brands Stock Up 0.6%

YUM traded up $0.90 during trading on Friday, hitting $144.57. 1,455,802 shares of the stock were exchanged, compared to its average volume of 1,763,714. The firm has a market capitalization of $40.12 billion, a P/E ratio of 28.52, a PEG ratio of 2.25 and a beta of 0.73. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock has a fifty day moving average price of $146.77 and a two-hundred day moving average price of $148.08.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $1.35 EPS. Analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

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

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO Scott Mezvinsky sold 272 shares of Yum! Brands stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total transaction of $40,332.16. Following the transaction, the chief executive officer owned 1,755 shares of the company's stock, valued at $260,231.40. The trade was a 13.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 29,016 shares of company stock worth $4,271,543. 0.33% of the stock is currently owned by corporate insiders.

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.