Burke & Herbert Bank & Trust Co. raised its position in Yum Brands Inc. (NYSE:YUM) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,833 shares of the restaurant operator’s stock after buying an additional 303 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Yum Brands were worth $400,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of YUM. Maryland Capital Management raised its position in shares of Yum Brands by 2.7% in the first quarter. Maryland Capital Management now owns 249,358 shares of the restaurant operator’s stock valued at $20,410,000 after buying an additional 6,658 shares in the last quarter. M&T Bank Corp raised its position in shares of Yum Brands by 11.1% in the first quarter. M&T Bank Corp now owns 135,750 shares of the restaurant operator’s stock valued at $11,112,000 after buying an additional 13,567 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in shares of Yum Brands by 34.0% in the first quarter. Landscape Capital Management L.L.C. now owns 40,393 shares of the restaurant operator’s stock valued at $3,306,000 after buying an additional 10,243 shares in the last quarter. Advisor Partners LLC raised its position in shares of Yum Brands by 52.6% in the first quarter. Advisor Partners LLC now owns 4,926 shares of the restaurant operator’s stock valued at $403,000 after buying an additional 1,699 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Yum Brands during the first quarter valued at about $10,634,000. Institutional investors and hedge funds own 76.14% of the company’s stock.
Yum Brands Inc. (NYSE:YUM) traded up 0.12% during trading on Monday, reaching $90.92. The company’s stock had a trading volume of 3,188,992 shares. The company has a market cap of $35.45 billion, a P/E ratio of 27.40 and a beta of 0.76. Yum Brands Inc. has a 12 month low of $64.58 and a 12 month high of $91.99. The stock’s 50-day moving average is $89.64 and its 200 day moving average is $84.89.
Yum Brands (NYSE:YUM) last issued its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts forecast that Yum Brands Inc. will post $3.69 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be given a $0.51 dividend. The ex-dividend date is Monday, October 17th. This represents a $2.04 dividend on an annualized basis and a yield of 2.24%. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is currently 55.42%.
Several equities analysts recently issued reports on YUM shares. Credit Agricole SA restated an “underperform” rating and set a $82.00 price target on shares of Yum Brands in a research note on Wednesday, June 8th. Credit Suisse Group AG restated a “hold” rating on shares of Yum Brands in a research note on Friday, June 17th. Vetr lowered Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price target on the stock. in a research note on Monday, June 20th. Nomura restated a “buy” rating and set a $95.00 price target (up from $92.00) on shares of Yum Brands in a research note on Wednesday, June 22nd. Finally, Deutsche Bank AG restated a “hold” rating and set a $83.00 price target (up from $81.00) on shares of Yum Brands in a research note on Monday, July 11th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $91.26.
In other 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 transaction of $469,170.00. Following the transaction, the vice president now owns 14,428 shares in the company, valued at $1,298,520. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Roger G. Eaton sold 44,952 shares of Yum Brands stock in a transaction on Friday, July 15th. The stock was sold at an average price of $88.53, for a total transaction of $3,979,600.56. Following the transaction, the chief executive officer now owns 244,274 shares in the company, valued at approximately $21,625,577.22. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by company insiders.
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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