Calamos Advisors LLC boosted its stake in shares of Yum Brands Inc. (NYSE:YUM) by 0.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 92,922 shares of the restaurant operator’s stock after buying an additional 8 shares during the period. Calamos Advisors LLC’s holdings in Yum Brands were worth $7,705,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of YUM. Zions Bancorporation raised its position in Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 220 shares during the last quarter. Vigilant Capital Management LLC raised its position in Yum Brands by 5.9% in the second quarter. Vigilant Capital Management LLC now owns 1,694 shares of the restaurant operator’s stock valued at $140,000 after buying an additional 94 shares during the last quarter. Washington Trust Bank raised its position in Yum Brands by 1.4% in the second quarter. Washington Trust Bank now owns 2,002 shares of the restaurant operator’s stock valued at $166,000 after buying an additional 28 shares during the last quarter. Hartford Financial Management Inc. acquired a new position in Yum Brands during the second quarter valued at about $177,000. Finally, Kistler Tiffany Companies LLC raised its position in Yum Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,246 shares of the restaurant operator’s stock valued at $186,000 after buying an additional 12 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of Yum Brands Inc. (NYSE:YUM) traded up 1.11% during mid-day trading on Friday, hitting $90.81. 3,610,802 shares of the stock traded hands. Yum Brands Inc. has a 12 month low of $64.58 and a 12 month high of $91.99. The company has a market cap of $35.41 billion, a P/E ratio of 27.37 and a beta of 0.81. The firm has a 50 day moving average of $89.64 and a 200 day moving average of $84.89.
Yum Brands (NYSE:YUM) last issued its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. The firm earned $3.01 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company posted $0.69 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate that Yum Brands Inc. will post $3.70 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, October 17th. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is 55.42%.
Several research firms have recently issued reports on YUM. BTIG Research reiterated a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Robert W. Baird reiterated a “neutral” rating and set a $92.00 target price on shares of Yum Brands in a report on Wednesday, September 7th. Vetr upgraded shares of Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 target price for the company in a report on Monday. Royal Bank Of Canada lowered shares of Yum Brands from a “top pick” rating to an “outperform” rating and set a $97.00 target price for the company. in a report on Friday, September 23rd. Finally, RBC Capital Markets lowered shares of Yum Brands from a “top pick” rating to an “outperform” rating and set a $97.00 price objective for the company. in a report on Friday, September 23rd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. Yum Brands presently has a consensus rating of “Hold” and an average price target of $90.86.
In other Yum Brands news, VP David Eric Russell sold 5,213 shares of Yum Brands stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the completion of the transaction, the vice president now owns 14,428 shares of the company’s stock, valued at $1,298,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Roger G. Eaton sold 44,952 shares of Yum Brands stock in a transaction on Friday, July 15th. The shares were sold at an average price of $88.53, for a total transaction of $3,979,600.56. Following the completion of the transaction, the chief executive officer now directly owns 244,274 shares of the company’s stock, valued at approximately $21,625,577.22. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
Yum Brands Company Profile
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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