Yum! Brands, Inc. (NYSE:YUM) Stake Reduced by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in Yum! Brands, Inc. (NYSE:YUM) by 32.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 10,492 shares of the restaurant operator’s stock after selling 5,134 shares during the period. Wellington Management Group LLP’s holdings in Yum! Brands were worth $670,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of YUM. YorkBridge Wealth Partners LLC boosted its position in shares of Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock worth $103,000 after buying an additional 512 shares in the last quarter. Coconut Grove Bank boosted its position in shares of Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock worth $119,000 after buying an additional 850 shares in the last quarter. Bartlett & Co. LLC boosted its position in shares of Yum! Brands by 3.6% in the first quarter. Bartlett & Co. LLC now owns 1,992 shares of the restaurant operator’s stock worth $127,000 after buying an additional 70 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Yum! Brands by 5.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock worth $130,000 after buying an additional 114 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Yum! Brands by 13.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,682 shares of the restaurant operator’s stock worth $171,000 after buying an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE YUM) opened at 75.56 on Friday. The company’s 50-day moving average price is $74.41 and its 200-day moving average price is $69.15. The company has a market cap of $26.07 billion, a price-to-earnings ratio of 20.06 and a beta of 0.82. Yum! Brands, Inc. has a 12 month low of $59.57 and a 12 month high of $76.62.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts anticipate that Yum! Brands, Inc. will post $2.82 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. Yum! Brands’s payout ratio is 33.15%.

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A number of brokerages recently weighed in on YUM. Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $78.00 price target (up previously from $75.00) on shares of Yum! Brands in a research note on Tuesday, May 30th. BMO Capital Markets initiated coverage on Yum! Brands in a research note on Friday, April 21st. They issued a “market perform” rating and a $66.00 price target on the stock. BidaskClub raised Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Finally, Mizuho assumed coverage on Yum! Brands in a research note on Thursday, June 8th. They issued a “neutral” rating and a $74.00 price target for the company. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $78.64.

In other news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the transaction, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at $2,935,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian R. Niccol sold 1,487 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the transaction, the chief executive officer now directly owns 6,719 shares in the company, valued at $495,996.58. The disclosure for this sale can be found here. Insiders have sold 11,294 shares of company stock worth $833,488 in the last 90 days. Company insiders own 7.38% of the company’s stock.

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.

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

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