Advisory Services Network LLC increased its position in Yum Brands Inc. (NYSE:YUM) by 9.2% during the second quarter, Holdings Channel reports. The fund owned 1,292 shares of the restaurant operator’s stock after buying an additional 109 shares during the period. Advisory Services Network LLC’s holdings in Yum Brands were worth $107,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in YUM. Simmons Bank bought a new position in shares of Yum Brands during the first quarter worth approximately $814,000. Geode Capital Management LLC increased its position in shares of Yum Brands by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,357,178 shares of the restaurant operator’s stock worth $274,229,000 after buying an additional 28,204 shares during the last quarter. Kimelman & Baird LLC bought a new position in shares of Yum Brands during the first quarter worth approximately $764,000. Loomis Sayles & Co. L P increased its position in shares of Yum Brands by 7.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,473,108 shares of the restaurant operator’s stock worth $447,973,000 after buying an additional 382,331 shares during the last quarter. Finally, Parametric Risk Advisors LLC increased its position in shares of Yum Brands by 14.8% in the first quarter. Parametric Risk Advisors LLC now owns 53,050 shares of the restaurant operator’s stock worth $4,342,000 after buying an additional 6,847 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.
Yum Brands Inc. (NYSE:YUM) traded up 0.9747% on Wednesday, hitting $89.1102. The stock had a trading volume of 3,760,526 shares. The stock has a market cap of $33.51 billion, a P/E ratio of 26.8566 and a beta of 0.76. The company’s 50-day moving average is $89.38 and its 200-day moving average is $85.42. Yum Brands Inc. has a one year low of $64.58 and a one year high of $91.99.
Yum Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by $0.01. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The business had revenue of $3.32 billion for the quarter. During the same quarter in the previous year, the company posted $1.00 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts anticipate that Yum Brands Inc. will post $3.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be given a $0.51 dividend. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio (DPR) is 46.82%.
A number of equities analysts recently commented on the company. BTIG Research reiterated a “hold” rating on shares of Yum Brands in a research report on Sunday, September 4th. Robert W. Baird reiterated a “neutral” rating and set a $92.00 price objective on shares of Yum Brands in a research report on Wednesday, September 7th. Wells Fargo & Co. reiterated a “market weight” rating and set a $87.00 price objective on shares of Yum Brands in a research report on Sunday, October 2nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $97.00 price objective (up previously from $96.00) on shares of Yum Brands in a research report on Sunday, October 2nd. Finally, Vetr upgraded Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price objective on the stock in a research report on Monday, September 26th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $92.31.
In related news, insider Tracy L. Skeans sold 1,793 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $90.02, for a total value of $161,405.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Roger G. Eaton sold 44,952 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $88.53, for a total value of $3,979,600.56. Following the completion of the transaction, the chief executive officer now directly owns 244,274 shares in the company, valued at $21,625,577.22. The disclosure for this sale can be found here. 7.38% of the stock is owned by corporate 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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