Yum! Brands, Inc. (YUM) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP reduced its holdings in Yum! Brands, Inc. (NYSE:YUM) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 762,131 shares of the restaurant operator’s stock after selling 4,212 shares during the quarter. Dimensional Fund Advisors LP owned 0.22% of Yum! Brands worth $56,214,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Yum! Brands by 1.0% in the 2nd quarter. Principal Financial Group Inc. now owns 985,546 shares of the restaurant operator’s stock worth $72,694,000 after acquiring an additional 9,754 shares during the last quarter. Teachers Advisors LLC increased its stake in Yum! Brands by 25.7% in the 2nd quarter. Teachers Advisors LLC now owns 556,212 shares of the restaurant operator’s stock worth $41,026,000 after acquiring an additional 113,582 shares during the last quarter. Whalerock Point Partners LLC increased its stake in Yum! Brands by 3.0% in the 2nd quarter. Whalerock Point Partners LLC now owns 8,500 shares of the restaurant operator’s stock worth $627,000 after acquiring an additional 250 shares during the last quarter. Delta Lloyd Asset Management N.V. bought a new position in Yum! Brands in the 2nd quarter worth about $13,136,000. Finally, Bank of Montreal Can increased its stake in Yum! Brands by 81.5% in the 2nd quarter. Bank of Montreal Can now owns 754,879 shares of the restaurant operator’s stock worth $55,679,000 after acquiring an additional 338,941 shares during the last quarter. Institutional investors and hedge funds own 72.07% of the company’s stock.
In related news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of the sale, the chief financial officer now owns 39,664 shares in the company, valued at $2,935,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is owned by insiders.
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Shares of Yum! Brands, Inc. (NYSE:YUM) opened at 76.19 on Wednesday. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $78.14. The stock has a market cap of $26.27 billion, a PE ratio of 20.23 and a beta of 0.81. The firm has a 50-day moving average price of $75.69 and a 200 day moving average price of $72.50.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts expect that Yum! Brands, Inc. will post $2.81 earnings per share for the current year.
A number of research firms have recently issued reports on YUM. BMO Capital Markets reiterated a “market perform” rating and issued a $77.00 price objective (up from $66.00) on shares of Yum! Brands in a report on Wednesday, August 9th. Robert W. Baird reiterated a “hold” rating and issued a $78.00 price objective on shares of Yum! Brands in a report on Thursday, October 12th. Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Argus reiterated a “buy” rating and issued a $88.00 price objective (up from $80.00) on shares of Yum! Brands in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $83.00 price objective on shares of Yum! Brands in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $79.89.
About Yum! Brands
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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