ASR Vermogensbeheer N.V. Has $5.25 Million Holdings in Yum! Brands, Inc. $YUM

ASR Vermogensbeheer N.V. reduced its holdings in Yum! Brands, Inc. (NYSE:YUM) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,409 shares of the restaurant operator’s stock after selling 711 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Yum! Brands were worth $5,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of YUM. Platinum Investment Management Ltd. acquired a new position in Yum! Brands in the second quarter worth $64,352,000. Robeco Institutional Asset Management B.V. boosted its stake in Yum! Brands by 163.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 68,773 shares of the restaurant operator’s stock worth $10,191,000 after purchasing an additional 42,668 shares in the last quarter. Ninety One UK Ltd acquired a new position in Yum! Brands during the 2nd quarter worth about $14,827,000. OLD Point Trust & Financial Services N A lifted its position in Yum! Brands by 1.7% during the 2nd quarter. OLD Point Trust & Financial Services N A now owns 14,982 shares of the restaurant operator’s stock worth $2,220,000 after buying an additional 255 shares in the last quarter. Finally, LBP AM SA lifted its position in Yum! Brands by 37.6% during the 2nd quarter. LBP AM SA now owns 26,711 shares of the restaurant operator’s stock worth $3,958,000 after buying an additional 7,296 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Yum! Brands news, CEO Scott Mezvinsky sold 275 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total transaction of $41,962.25. Following the sale, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $267,795.45. This trade represents a 13.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $145.30, for a total transaction of $296,121.40. Following the sale, the director owned 1,233 shares in the company, valued at $179,154.90. This trade represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,195 shares of company stock valued at $5,348,137. Insiders own 0.33% of the company’s stock.

Yum! Brands Trading Down 0.5%

NYSE:YUM opened at $150.61 on Friday. The firm has a market capitalization of $41.80 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.36 and a beta of 0.72. The business’s 50-day moving average price is $147.05 and its two-hundred day moving average price is $147.28. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data 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). The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 EPS. Sell-side analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.71 per share. 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 currently 56.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI reduced their target price on shares of Yum! Brands from $170.00 to $165.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company reduced their price objective on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Guggenheim reaffirmed a “buy” rating and set a $167.00 price objective (up previously from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Sanford C. Bernstein set a $164.00 price target on Yum! Brands in a research note on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Yum! Brands in a research note on Saturday, September 27th. Eleven equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $161.32.

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.