New Mexico Educational Retirement Board Has $2.32 Million Position in Yum! Brands, Inc. (YUM)

New Mexico Educational Retirement Board lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 9.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 30,772 shares of the restaurant operator’s stock after selling 3,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Yum! Brands were worth $2,323,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Iowa State Bank boosted its stake in shares of Yum! Brands by 4.4% in the first quarter. Iowa State Bank now owns 21,562 shares of the restaurant operator’s stock worth $1,378,000 after buying an additional 900 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Yum! Brands during the first quarter worth approximately $1,029,000. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Yum! Brands by 3.8% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 5,215 shares of the restaurant operator’s stock worth $333,000 after buying an additional 191 shares during the period. Atria Investments LLC boosted its stake in shares of Yum! Brands by 24.1% in the first quarter. Atria Investments LLC now owns 8,630 shares of the restaurant operator’s stock worth $551,000 after buying an additional 1,676 shares during the period. Finally, Parametrica Management Ltd bought a new stake in shares of Yum! Brands during the first quarter worth approximately $311,000. Hedge funds and other institutional investors own 73.75% of the company’s stock.

Yum! Brands, Inc. (YUM) opened at 75.07 on Thursday. Yum! Brands, Inc. has a 52-week low of $59.57 and a 52-week high of $76.62. The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of 18.90 and a beta of 0.82. The firm has a 50-day moving average price of $74.35 and a 200 day moving average price of $69.02.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business earned $0.75 EPS. Yum! Brands’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Yum! Brands, Inc. will post $2.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Wednesday, July 12th. Yum! Brands’s payout ratio is presently 33.15%.

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A number of equities research analysts have commented on the company. BidaskClub upgraded Yum! Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, August 1st. Barclays PLC reiterated an “equal weight” rating and set a $74.00 target price (up previously from $72.00) on shares of Yum! Brands in a report on Friday, August 4th. BMO Capital Markets raised their price objective on Yum! Brands from $66.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, August 3rd. Finally, UBS AG raised their price objective on Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Fifteen investment 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 presently has a consensus rating of “Buy” and an average price target of $78.64.

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

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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