Ninety One UK Boosts Stakes in CoStar Group and Yum! Brands Amid Buyback and Dividend Growth

Ninety One UK Ltd has significantly expanded its investment positions in two major US equities, CoStar Group and Yum! Brands. The firm increased its stake in CoStar Group to 354,804 shares, valued at approximately $23.86 million, coinciding with CoStar's authorization of a massive $1.50 billion stock buyback program. Simultaneously, Ninety One UK boosted its position in Yum! Brands by 50%, bringing its total holding value to $22.72 million. This institutional accumulation follows Yum! Brands' decision to raise its quarterly dividend to $0.75 per share, representing a 1.8% yield. These strategic moves signal strong institutional confidence, further supported by CoStar's recent earnings beat and Yum! Brands' 'Moderate Buy' analyst ratings. Overall, these shareholder-friendly actions and increased institutional ownership suggest a positive outlook for both companies' long-term equity value.