Creative Planning cut its stake in Yum! Brands, Inc. (NYSE:YUM) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 166,175 shares of the restaurant operator’s stock after selling 1,251 shares during the period. Creative Planning’s holdings in Yum! Brands were worth $12,257,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in 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 valued at $1,281,452,000 after buying an additional 19,249,564 shares during the last quarter. 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 valued at $453,737,000 after buying an additional 755,288 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Yum! Brands by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 6,379,688 shares of the restaurant operator’s stock valued at $407,662,000 after buying an additional 17,799 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 valued at $303,987,000 after buying an additional 2,148,751 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Yum! Brands by 6.0% in the first quarter. Geode Capital Management LLC now owns 3,024,137 shares of the restaurant operator’s stock valued at $192,940,000 after buying an additional 170,079 shares during the last quarter. Institutional investors own 73.51% of the company’s stock.
Yum! Brands, Inc. (NYSE:YUM) opened at 74.74 on Friday. The firm’s 50-day moving average price is $73.70 and its 200 day moving average price is $67.96. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $75.45. The firm has a market cap of $26.03 billion, a P/E ratio of 18.82 and a beta of 0.82.
Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, May 3rd. The restaurant operator reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. The business’s revenue was down 1.8% on a year-over-year basis. On average, equities research analysts forecast that Yum! Brands, Inc. will post $2.78 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Wednesday, July 12th. Yum! Brands’s dividend payout ratio (DPR) is currently 31.17%.
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YUM has been the subject of several recent analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $66.00 target price on shares of Yum! Brands in a report on Monday, May 22nd. Royal Bank Of Canada raised their target price on shares of Yum! Brands from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. BidaskClub cut shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Deutsche Bank AG reiterated a “hold” rating and issued a $71.00 target price (up from $68.00) on shares of Yum! Brands in a report on Tuesday, May 30th. Finally, CIBC raised their target price on shares of Yum! Brands from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, May 30th. Fourteen analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $77.32.
In other news, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the sale, the chief executive officer now owns 6,719 shares in the company, valued at approximately $495,996.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David W. Gibbs sold 8,125 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $68.83, for a total value of $559,243.75. Following the sale, the chief financial officer now owns 39,181 shares in the company, valued at approximately $2,696,828.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,083 shares of company stock valued at $775,868. Insiders own 7.38% of the company’s stock.
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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