RB Capital Management LLC bought a new stake in Yum! Brands, Inc. (NYSE:YUM – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,895 shares of the restaurant operator’s stock, valued at approximately $1,582,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of YUM. BlackRock Inc. bought a new position in Yum! Brands in the second quarter valued at $4,186,811,000. Capital International Investors increased its position in shares of Yum! Brands by 20.0% during the 4th quarter. Capital International Investors now owns 19,419,826 shares of the restaurant operator’s stock valued at $2,938,139,000 after purchasing an additional 3,240,190 shares during the last quarter. State Street Corp raised its holdings in shares of Yum! Brands by 1.0% during the 4th quarter. State Street Corp now owns 13,164,814 shares of the restaurant operator’s stock valued at $1,991,573,000 after buying an additional 124,720 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Yum! Brands by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 8,800,382 shares of the restaurant operator’s stock worth $1,334,427,000 after acquiring an additional 121,304 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Yum! Brands in the 4th quarter valued at $706,799,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.
Insiders Place Their Bets
In other Yum! Brands news, CEO Christopher Lee Turner sold 261 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $153.15, for a total transaction of $39,972.15. Following the transaction, the chief executive officer directly owned 63,771 shares of the company’s stock, valued at approximately $9,766,528.65. The trade was a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Tracy L. Skeans sold 3,494 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $158.00, for a total transaction of $552,052.00. Following the completion of the transaction, the chief operating officer owned 3 shares of the company’s stock, valued at $474. This trade represents a 99.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 19,043 shares of company stock valued at $2,978,180 over the last quarter. 0.14% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on YUM
Yum! Brands Trading Up 2.2%
YUM stock opened at $154.08 on Friday. The firm’s 50-day moving average price is $153.48 and its two-hundred day moving average price is $155.81. Yum! Brands, Inc. has a 12-month low of $137.33 and a 12-month high of $170.14. The stock has a market capitalization of $42.05 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 2.45 and a beta of 0.55.
Yum! Brands (NYSE:YUM – Get Free Report) last posted its earnings results on Thursday, July 30th. The restaurant operator reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.04. Yum! Brands had a net margin of 25.42% and a negative return on equity of 24.57%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the business posted $1.44 earnings per share. Yum! Brands’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts predict that Yum! Brands, Inc. will post 6.42 EPS for the current year.
Yum! Brands declared that its Board of Directors has initiated a stock repurchase program on Tuesday, June 16th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the restaurant operator to buy up to 9.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
Yum! Brands Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Wednesday, September 9th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $3.00 annualized dividend and a yield of 1.9%. Yum! Brands’s payout ratio is 37.74%.
Yum! Brands Profile
Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.
The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.
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