Victory Capital Management Inc. Buys 162,658 Shares of Yum! Brands, Inc. (YUM)

Victory Capital Management Inc. raised its stake in Yum! Brands, Inc. (NYSE:YUM) by 9.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,911,590 shares of the restaurant operator’s stock after purchasing an additional 162,658 shares during the quarter. Victory Capital Management Inc. owned 0.61% of Yum! Brands worth $175,713,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Loomis Sayles & Co. L P raised its holdings in shares of Yum! Brands by 2.5% during the third quarter. Loomis Sayles & Co. L P now owns 7,386,140 shares of the restaurant operator’s stock valued at $671,474,000 after acquiring an additional 178,182 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Yum! Brands by 5.1% during the third quarter. Bank of New York Mellon Corp now owns 5,459,185 shares of the restaurant operator’s stock valued at $496,295,000 after acquiring an additional 264,177 shares in the last quarter. Sustainable Growth Advisers LP raised its holdings in shares of Yum! Brands by 7.8% during the third quarter. Sustainable Growth Advisers LP now owns 4,693,776 shares of the restaurant operator’s stock valued at $426,711,000 after acquiring an additional 341,611 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Yum! Brands by 4.8% during the third quarter. Legal & General Group Plc now owns 1,756,233 shares of the restaurant operator’s stock valued at $159,642,000 after acquiring an additional 80,542 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of Yum! Brands by 19.9% during the third quarter. Frontier Capital Management Co. LLC now owns 1,533,041 shares of the restaurant operator’s stock valued at $139,369,000 after acquiring an additional 254,834 shares in the last quarter. Hedge funds and other institutional investors own 72.64% of the company’s stock.

In related news, CEO Anthony Lowings sold 2,889 shares of the company’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $89.93, for a total value of $259,807.77. Following the sale, the chief executive officer now directly owns 36,497 shares of the company’s stock, valued at $3,282,175.21. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David W. Gibbs sold 6,391 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $88.22, for a total value of $563,814.02. Following the completion of the sale, the chief financial officer now directly owns 39,380 shares in the company, valued at $3,474,103.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,317 shares of company stock worth $3,883,277. 0.63% of the stock is owned by insiders.

YUM has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Wednesday, October 17th. Gordon Haskett initiated coverage on Yum! Brands in a report on Thursday, October 18th. They set a “hold” rating and a $90.00 target price for the company. Stifel Nicolaus downgraded Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 target price for the company. in a report on Tuesday, October 23rd. Robert W. Baird upped their target price on Yum! Brands from $94.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Finally, Cowen restated a “buy” rating and set a $100.00 target price on shares of Yum! Brands in a report on Sunday, December 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $92.64.

YUM stock traded up $0.39 during midday trading on Tuesday, hitting $93.65. The stock had a trading volume of 26,777 shares, compared to its average volume of 1,965,304. The stock has a market cap of $29.13 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 1.96 and a beta of 0.60. Yum! Brands, Inc. has a 52-week low of $76.32 and a 52-week high of $95.45.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.57). The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. Yum! Brands’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. As a group, equities research analysts predict that Yum! Brands, Inc. will post 3.79 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Thursday, February 14th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.79%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, February 13th. Yum! Brands’s dividend payout ratio is presently 45.43%.

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About Yum! Brands

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.

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

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