Fifth Third Bancorp Reduces Position in Yum! Brands, Inc. (YUM)

Fifth Third Bancorp lessened its stake in Yum! Brands, Inc. (NYSE:YUM) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 341,890 shares of the restaurant operator’s stock after selling 11,524 shares during the period. Fifth Third Bancorp’s holdings in Yum! Brands were worth $31,081,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Stock Yards Bank & Trust Co. increased its holdings in Yum! Brands by 3.1% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 20,082 shares of the restaurant operator’s stock valued at $1,826,000 after purchasing an additional 603 shares during the last quarter. WINTON GROUP Ltd increased its holdings in Yum! Brands by 88.1% in the 2nd quarter. WINTON GROUP Ltd now owns 196,475 shares of the restaurant operator’s stock valued at $15,368,000 after purchasing an additional 92,002 shares during the last quarter. Rossmore Private Capital acquired a new stake in Yum! Brands in the 3rd quarter valued at approximately $391,000. Schwab Charles Investment Management Inc. increased its holdings in Yum! Brands by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,227,054 shares of the restaurant operator’s stock valued at $95,981,000 after purchasing an additional 13,855 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in Yum! Brands by 42.2% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 15,112 shares of the restaurant operator’s stock valued at $1,358,000 after purchasing an additional 4,485 shares during the last quarter. Hedge funds and other institutional investors own 70.89% of the company’s stock.

Several analysts recently weighed in on YUM shares. ValuEngine upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating in a report on Friday, September 7th. UBS Group set a $99.00 price target on shares of Yum! Brands and gave the company a “buy” rating in a research report on Monday, September 10th. KeyCorp started coverage on shares of Yum! Brands in a research report on Wednesday, October 3rd. They issued a “sector weight” rating for the company. BTIG Research raised their price target on shares of Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Finally, Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Wednesday, October 17th. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $91.31.

In other news, VP David Eric Russell sold 7,340 shares of Yum! Brands stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $90.00, for a total transaction of $660,600.00. Following the completion of the sale, the vice president now directly owns 25,960 shares of the company’s stock, valued at approximately $2,336,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Roger G. Eaton sold 44,823 shares of Yum! Brands stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $90.54, for a total transaction of $4,058,274.42. Following the sale, the chief executive officer now directly owns 160,726 shares of the company’s stock, valued at $14,552,132.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,034 shares of company stock valued at $6,468,508. Corporate insiders own 0.63% of the company’s stock.

Shares of YUM stock opened at $90.43 on Friday. Yum! Brands, Inc. has a 52 week low of $75.88 and a 52 week high of $93.24. The company has a market capitalization of $28.58 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.93 and a beta of 0.80.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. As a group, equities research analysts forecast that Yum! Brands, Inc. will post 3.72 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Monday, November 26th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 23rd. This represents a $1.44 annualized dividend and a dividend yield of 1.59%. Yum! Brands’s dividend payout ratio (DPR) is currently 48.65%.

Yum! Brands announced that its board has initiated a stock buyback program on Friday, August 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the restaurant operator to repurchase up to 7.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

Further Reading: SEC Filing

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

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