Dimensional Fund Advisors LP Has $123.24 Million Position in Yum! Brands, Inc. (NYSE:YUM)

Dimensional Fund Advisors LP grew its position in Yum! Brands, Inc. (NYSE:YUM) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 930,402 shares of the restaurant operator’s stock after purchasing an additional 58,437 shares during the period. Dimensional Fund Advisors LP owned about 0.33% of Yum! Brands worth $123,243,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ruedi Wealth Management Inc. raised its holdings in shares of Yum! Brands by 79.8% in the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 83 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Yum! Brands by 165.7% in the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 116 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Yum! Brands in the first quarter valued at about $28,000. Crewe Advisors LLC bought a new position in shares of Yum! Brands in the first quarter valued at about $28,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Yum! Brands by 43.6% in the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Stock Down 1.1 %

NYSE:YUM opened at $129.71 on Monday. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.20. The business has a 50 day moving average price of $133.29 and a two-hundred day moving average price of $135.50. The company has a market cap of $36.53 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating the consensus estimate of $1.33 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. During the same quarter in the prior year, the firm posted $1.41 EPS. As a group, analysts anticipate that Yum! Brands, Inc. will post 5.62 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s payout ratio is presently 47.52%.

Analyst Ratings Changes

Several analysts have weighed in on YUM shares. Evercore ISI cut Yum! Brands from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. Robert W. Baird upped their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Stifel Nicolaus lowered their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. The Goldman Sachs Group began coverage on Yum! Brands in a research note on Thursday, June 13th. They issued a “neutral” rating and a $150.00 price target for the company. Finally, TD Cowen reaffirmed a “buy” rating and issued a $156.00 price target on shares of Yum! Brands in a research note on Thursday, September 12th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $145.25.

Insider Activity

In other news, CEO Sabir Sami sold 71,051 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the sale, the chief executive officer now owns 68 shares of the company’s stock, valued at approximately $9,326.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Sabir Sami sold 71,051 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the sale, the chief executive officer now owns 68 shares in the company, valued at approximately $9,326.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 6,961 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $131.02, for a total value of $912,030.22. Following the completion of the sale, the chief executive officer now owns 162,381 shares in the company, valued at approximately $21,275,158.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,629 shares of company stock valued at $13,888,443. 0.31% of the stock is owned by insiders.

Yum! Brands Company Profile

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.