NEXT Financial Group Inc decreased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 13.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,505 shares of the restaurant operator’s stock after selling 240 shares during the period. NEXT Financial Group Inc’s holdings in Yum! Brands were worth $111,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Yum! Brands by 2,392.9% in the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock worth $1,281,452,000 after buying an additional 19,249,564 shares during the last quarter. Morgan Stanley boosted its position in shares of Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock worth $303,987,000 after buying an additional 2,148,751 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Yum! Brands by 208.6% in the first quarter. Renaissance Technologies LLC now owns 2,625,400 shares of the restaurant operator’s stock worth $167,763,000 after buying an additional 1,774,600 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Yum! Brands by 86.7% in the first quarter. California Public Employees Retirement System now owns 1,802,224 shares of the restaurant operator’s stock worth $114,612,000 after buying an additional 836,962 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Yum! Brands by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock worth $453,737,000 after buying an additional 755,288 shares during the last quarter. 73.51% of the stock is owned by institutional investors.
Yum! Brands, Inc. (NYSE YUM) opened at 74.74 on Friday. Yum! Brands, Inc. has a 52-week low of $59.57 and a 52-week high of $75.45. The firm has a market capitalization of $26.03 billion, a price-to-earnings ratio of 18.82 and a beta of 0.82. The stock’s 50 day moving average price is $73.70 and its 200 day moving average price is $67.96.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, May 3rd. The restaurant operator reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.05. Yum! Brands had a negative return on equity of 37.63% and a net margin of 15.44%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company earned $0.95 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Yum! Brands, Inc. will post $2.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. Yum! Brands’s dividend payout ratio (DPR) is 31.17%.
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A number of research analysts have issued reports on YUM shares. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Wednesday, April 12th. Deutsche Bank AG reissued a “hold” rating and set a $71.00 price objective (up from $68.00) on shares of Yum! Brands in a report on Tuesday, May 30th. Royal Bank Of Canada lifted their price objective on Yum! Brands from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) raised Yum! Brands from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $57.00 to $65.00 in a report on Thursday, May 11th. Finally, CIBC lifted their price objective on Yum! Brands from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, May 30th. Fourteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $77.32.
In other news, CFO David W. Gibbs sold 8,125 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $68.83, for a total transaction of $559,243.75. Following the completion of the transaction, the chief financial officer now directly owns 39,181 shares in the company, valued at $2,696,828.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 1,471 shares of the firm’s 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 of the company’s stock, valued at $487,559.68. The disclosure for this sale can be found here. Insiders have sold 11,083 shares of company stock valued at $775,868 over the last 90 days. 7.38% of the stock is owned by corporate insiders.
Yum! Brands Company Profile
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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