Nomura Holdings Inc. Purchases 176,417 Shares of Yum! Brands, Inc. (NYSE:YUM)

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Nomura Holdings Inc. increased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 567.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 207,527 shares of the restaurant operator’s stock after acquiring an additional 176,417 shares during the quarter. Nomura Holdings Inc.’s holdings in Yum! Brands were worth $23,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Yum! Brands by 13.3% during the second quarter. BlackRock Inc. now owns 25,133,613 shares of the restaurant operator’s stock worth $2,781,538,000 after purchasing an additional 2,947,074 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Yum! Brands by 2.0% in the second quarter. Vanguard Group Inc. now owns 23,449,609 shares of the restaurant operator’s stock worth $2,595,169,000 after acquiring an additional 452,824 shares during the last quarter. State Street Corp lifted its holdings in shares of Yum! Brands by 1.8% in the third quarter. State Street Corp now owns 14,233,314 shares of the restaurant operator’s stock worth $1,614,485,000 after acquiring an additional 257,270 shares during the last quarter. Sustainable Growth Advisers LP lifted its holdings in shares of Yum! Brands by 0.4% in the second quarter. Sustainable Growth Advisers LP now owns 4,525,321 shares of the restaurant operator’s stock worth $500,817,000 after acquiring an additional 18,214 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Yum! Brands by 1.0% in the second quarter. Northern Trust Corp now owns 3,954,878 shares of the restaurant operator’s stock worth $437,687,000 after acquiring an additional 39,444 shares during the last quarter. 75.55% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Royal Bank of Canada assumed coverage on shares of Yum! Brands in a report on Monday. They issued a “sector perform” rating and a $107.00 target price for the company. Cfra cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, ValuEngine cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Yum! Brands has a consensus rating of “Hold” and a consensus target price of $112.38.

In related news, President David W. Gibbs sold 1,583 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $113.37, for a total value of $179,464.71. Following the completion of the transaction, the president now owns 43,279 shares in the company, valued at approximately $4,906,540.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President David W. Gibbs sold 1,521 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $98.63, for a total transaction of $150,016.23. Following the completion of the transaction, the president now owns 43,279 shares of the company’s stock, valued at approximately $4,268,607.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,682 shares of company stock valued at $503,818. 0.67% of the stock is owned by company insiders.

NYSE YUM traded up $0.40 during trading hours on Thursday, reaching $99.84. The company’s stock had a trading volume of 1,253,671 shares, compared to its average volume of 2,048,512. The firm has a fifty day simple moving average of $100.77 and a 200-day simple moving average of $109.44. The stock has a market cap of $29.94 billion, a P/E ratio of 31.50, a P/E/G ratio of 2.18 and a beta of 0.46. Yum! Brands, Inc. has a 52 week low of $86.40 and a 52 week high of $119.72.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.14). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. Yum! Brands had a net margin of 20.88% and a negative return on equity of 11.69%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 EPS. On average, sell-side analysts expect that Yum! Brands, Inc. will post 3.71 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a $0.42 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a yield of 1.68%. Yum! Brands’s dividend payout ratio (DPR) is presently 53.00%.

Yum! Brands declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 21st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the restaurant operator to buy up to 6.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

About Yum! Brands

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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