Yum! Brands, Inc. (NYSE:YUM) Shares Bought by Korea Investment CORP

Korea Investment CORP lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 67.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 222,400 shares of the restaurant operator’s stock after acquiring an additional 89,200 shares during the period. Korea Investment CORP’s holdings in Yum! Brands were worth $25,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Yum! Brands by 11.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,084,064 shares of the restaurant operator’s stock valued at $3,687,214,000 after acquiring an additional 3,464,493 shares during the last quarter. Magellan Asset Management Ltd boosted its stake in shares of Yum! Brands by 22.8% during the first quarter. Magellan Asset Management Ltd now owns 20,824,164 shares of the restaurant operator’s stock valued at $2,252,758,000 after acquiring an additional 3,867,237 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Yum! Brands by 6.5% during the second quarter. BlackRock Inc. now owns 19,029,370 shares of the restaurant operator’s stock valued at $2,188,949,000 after acquiring an additional 1,160,623 shares during the last quarter. Sustainable Growth Advisers LP boosted its stake in shares of Yum! Brands by 15.1% during the first quarter. Sustainable Growth Advisers LP now owns 7,392,908 shares of the restaurant operator’s stock valued at $799,765,000 after acquiring an additional 969,215 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Yum! Brands by 1.9% during the first quarter. Geode Capital Management LLC now owns 4,707,258 shares of the restaurant operator’s stock valued at $507,942,000 after acquiring an additional 86,937 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

YUM has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on Yum! Brands from $120.00 to $138.00 and gave the company a “market perform” rating in a research note on Friday, July 30th. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Monday, June 21st. Argus increased their target price on Yum! Brands from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Oppenheimer downgraded Yum! Brands from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 26th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Yum! Brands from $113.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $127.63.

YUM stock opened at $125.52 on Friday. Yum! Brands, Inc. has a 1 year low of $89.73 and a 1 year high of $135.77. The firm has a market cap of $37.11 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.09. The stock has a 50-day simple moving average of $129.39 and a 200-day simple moving average of $120.55.

Yum! Brands (NYSE:YUM) last posted its earnings results on Wednesday, July 28th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.21. Yum! Brands had a negative return on equity of 16.99% and a net margin of 21.21%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm earned $0.82 earnings per share. As a group, research analysts expect that Yum! Brands, Inc. will post 4.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Friday, August 27th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.59%. Yum! Brands’s dividend payout ratio (DPR) is currently 55.25%.

In other Yum! Brands news, CEO David W. Gibbs sold 1,434 shares of the firm’s stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $128.66, for a total transaction of $184,498.44. Following the completion of the sale, the chief executive officer now owns 22,255 shares in the company, valued at approximately $2,863,328.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Tracy L. Skeans sold 18,824 shares of the firm’s stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $129.71, for a total value of $2,441,661.04. Following the sale, the chief operating officer now owns 20,729 shares of the company’s stock, valued at approximately $2,688,758.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,606 shares of company stock valued at $4,433,076. Insiders own 0.37% of the company’s stock.

Yum! Brands Profile

Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment comprises of all operations of the KFC concept.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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