Bp Plc Has $3,393,000 Position in Yum! Brands, Inc. (NYSE:YUM)

Bp Plc held its stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the second quarter, Holdings Channel reports. The firm owned 46,000 shares of the restaurant operator’s stock at the end of the second quarter. Bp Plc’s holdings in Yum! Brands were worth $3,393,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kistler Tiffany Companies LLC boosted its stake in shares of Yum! Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after buying an additional 7 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Yum! Brands by 0.3% in the second quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock worth $438,000 after buying an additional 16 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Yum! Brands by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 5,725 shares of the restaurant operator’s stock worth $366,000 after buying an additional 28 shares during the last quarter. FTB Advisors Inc. boosted its stake in shares of Yum! Brands by 1.0% in the first quarter. FTB Advisors Inc. now owns 3,260 shares of the restaurant operator’s stock worth $208,000 after buying an additional 31 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Yum! Brands by 0.5% in the second quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock worth $496,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.

Shares of Yum! Brands, Inc. (YUM) opened at 75.07 on Thursday. The company has a market cap of $26.14 billion, a price-to-earnings ratio of 18.90 and a beta of 0.82. The stock has a 50 day moving average of $74.35 and a 200 day moving average of $69.02. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $76.62.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business earned $0.75 earnings per share. Yum! Brands’s revenue was down 4.0% on a year-over-year basis. On average, equities analysts expect that Yum! Brands, Inc. will post $2.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 4th. Investors 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 payout ratio is currently 33.15%.

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A number of analysts have recently weighed in on the stock. Cowen and Company restated an “outperform” rating and issued a $75.00 price objective on shares of Yum! Brands in a research note on Tuesday, April 25th. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. BMO Capital Markets assumed coverage on shares of Yum! Brands in a research report on Friday, April 21st. They set a “market perform” rating and a $66.00 target price on the stock. Instinet reaffirmed a “buy” rating and set a $78.00 target price on shares of Yum! Brands in a research report on Sunday, May 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 target price on shares of Yum! Brands in a research report on Thursday, June 15th. Fifteen 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 stock. The company currently has an average rating of “Buy” and a consensus target price of $78.64.

In other Yum! Brands news, CEO Brian R. Niccol sold 1,471 shares of Yum! Brands stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $72.64, for a total value of $106,853.44. Following the transaction, the chief executive officer now owns 6,712 shares in the company, valued at $487,559.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,487 shares of Yum! Brands stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the transaction, the chief executive officer now owns 6,719 shares in the company, valued at approximately $495,996.58. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by company insiders.

About Yum! Brands

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)

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