DekaBank Deutsche Girozentrale Has $56.79 Million Holdings in Yum! Brands, Inc. (NYSE:YUM)

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DekaBank Deutsche Girozentrale lifted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 58.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 512,792 shares of the restaurant operator’s stock after purchasing an additional 190,006 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Yum! Brands were worth $56,786,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Boston Financial Mangement LLC raised its holdings in Yum! Brands by 3.3% in the 2nd quarter. Boston Financial Mangement LLC now owns 3,140 shares of the restaurant operator’s stock worth $348,000 after acquiring an additional 100 shares during the period. JNBA Financial Advisors increased its holdings in shares of Yum! Brands by 21.6% during the 2nd quarter. JNBA Financial Advisors now owns 562 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 100 shares during the period. Glassman Wealth Services increased its holdings in shares of Yum! Brands by 21.3% during the 1st quarter. Glassman Wealth Services now owns 586 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 103 shares during the period. Wealth Alliance Advisory Group LLC increased its holdings in shares of Yum! Brands by 2.8% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,967 shares of the restaurant operator’s stock worth $444,000 after purchasing an additional 108 shares during the period. Finally, Rossmore Private Capital increased its holdings in shares of Yum! Brands by 2.5% during the 1st quarter. Rossmore Private Capital now owns 4,711 shares of the restaurant operator’s stock worth $470,000 after purchasing an additional 115 shares during the period. 74.97% of the stock is owned by institutional investors and hedge funds.

In related news, insider Tracy L. Skeans sold 6,049 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $110.00, for a total transaction of $665,390.00. Following the completion of the sale, the insider now directly owns 9,106 shares of the company’s stock, valued at $1,001,660. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Greg Creed sold 44,949 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total transaction of $4,756,503.18. Following the sale, the chief executive officer now directly owns 158,745 shares of the company’s stock, valued at $16,798,395.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,147 shares of company stock valued at $5,770,207. 0.67% of the stock is currently owned by insiders.

NYSE YUM opened at $117.13 on Wednesday. The company has a market capitalization of $36.42 billion, a PE ratio of 36.95, a P/E/G ratio of 2.51 and a beta of 0.53. The company has a 50-day simple moving average of $113.04. Yum! Brands, Inc. has a twelve month low of $82.14 and a twelve month high of $119.72.

Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. Yum! Brands’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 earnings per share. As a group, research analysts forecast that Yum! Brands, Inc. will post 3.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 19th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, August 16th. Yum! Brands’s dividend payout ratio (DPR) is 53.00%.

Several research analysts have recently issued reports on the stock. Edward Jones downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, July 1st. Morgan Stanley boosted their price objective on shares of Yum! Brands from $106.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their price objective on shares of Yum! Brands to $112.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. They noted that the move was a valuation call. BTIG Research boosted their price objective on shares of Yum! Brands to $130.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Citigroup boosted their price objective on shares of Yum! Brands from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $108.71.

Yum! Brands Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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

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