Korea Investment CORP increased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 24.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,355 shares of the restaurant operator’s stock after buying an additional 24,034 shares during the period. Korea Investment CORP’s holdings in Yum! Brands were worth $8,951,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Yum! Brands by 2,392.9% in the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock worth $1,281,452,000 after buying an additional 19,249,564 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Yum! Brands by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock worth $453,737,000 after buying an additional 755,288 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Yum! Brands by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 6,379,688 shares of the restaurant operator’s stock worth $407,662,000 after buying an additional 17,799 shares during the last quarter. Morgan Stanley increased its position in shares of Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock worth $303,987,000 after buying an additional 2,148,751 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Yum! Brands by 6.0% in the first quarter. Geode Capital Management LLC now owns 3,024,137 shares of the restaurant operator’s stock worth $192,940,000 after buying an additional 170,079 shares during the last quarter. Institutional investors own 73.75% of the company’s stock.

Yum! Brands, Inc. (YUM) opened at 75.07 on Thursday. Yum! Brands, Inc. has a 52-week low of $59.57 and a 52-week high of $91.99. The firm has a market cap of $26.14 billion, a price-to-earnings ratio of 18.90 and a beta of 0.82. The firm’s 50-day moving average is $74.35 and its 200-day moving average is $69.02.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts forecast that Yum! Brands, Inc. will post $2.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Friday, July 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Wednesday, July 12th. Yum! Brands’s dividend payout ratio (DPR) is presently 33.15%.

COPYRIGHT VIOLATION WARNING: “Korea Investment CORP Increases Position in Yum! Brands, Inc. (YUM)” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.dailypolitical.com/2017/08/10/korea-investment-corp-increases-position-in-yum-brands-inc-yum.html.

YUM has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and set a $66.00 price target on shares of Yum! Brands in a report on Monday, May 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $80.00 price target on shares of Yum! Brands in a report on Tuesday, July 25th. Royal Bank Of Canada lifted their price target on Yum! Brands from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 4th. BidaskClub cut Yum! Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Yum! Brands presently has an average rating of “Buy” and an average price target of $78.64.

In other news, CEO Brian R. Niccol sold 1,471 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $72.64, for a total transaction of $106,853.44. Following the completion of the sale, the chief executive officer now owns 6,712 shares in the company, valued at approximately $487,559.68. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the sale, the chief executive officer now owns 6,719 shares of the company’s stock, valued at approximately $495,996.58. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

Yum! Brands Company Profile

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.

Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM).

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

Receive News & Ratings for Yum! Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.