Macnealy Hoover Investment Management Inc. maintained its position in shares of Yum! Brands, Inc. (NYSE:YUM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,198 shares of the restaurant operator’s stock at the end of the second quarter. Macnealy Hoover Investment Management Inc.’s holdings in Yum! Brands were worth $826,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. USA Financial Portformulas Corp increased its position in shares of Yum! Brands by 25.8% in the fourth quarter. USA Financial Portformulas Corp now owns 43,233 shares of the restaurant operator’s stock valued at $2,738,000 after buying an additional 8,880 shares during the last quarter. Whalerock Point Partners LLC increased its position in shares of Yum! Brands by 25.5% in the fourth quarter. Whalerock Point Partners LLC now owns 8,625 shares of the restaurant operator’s stock valued at $546,000 after buying an additional 1,750 shares during the last quarter. M Holdings Securities Inc. increased its position in shares of Yum! Brands by 3.0% in the fourth quarter. M Holdings Securities Inc. now owns 3,813 shares of the restaurant operator’s stock valued at $241,000 after buying an additional 112 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Yum! Brands by 21.8% in the fourth quarter. Teachers Advisors LLC now owns 509,014 shares of the restaurant operator’s stock valued at $32,236,000 after buying an additional 91,153 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of Yum! Brands during the fourth quarter valued at approximately $1,602,000. 73.51% of the stock is owned by hedge funds and other institutional investors.
Yum! Brands, Inc. (NYSE YUM) opened at 74.74 on Friday. The company has a market capitalization of $26.03 billion, a PE ratio of 18.82 and a beta of 0.82. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $75.45. The firm’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 for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.05. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. Yum! Brands had a negative return on equity of 37.63% and a net margin of 15.44%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. On average, equities analysts anticipate that Yum! Brands, Inc. will post $2.78 earnings per share for the current fiscal year.
The firm 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 $0.30 dividend. The ex-dividend date 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 is currently 31.17%.
YUM has been the subject of several research analyst reports. Citigroup Inc. boosted their target price on Yum! Brands from $67.00 to $71.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 11th. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, April 12th. BMO Capital Markets started coverage on Yum! Brands in a report on Friday, April 21st. They set a “market perform” rating and a $66.00 price target on the stock. Cowen and Company restated an “outperform” rating and set a $75.00 price target on shares of Yum! Brands in a report on Tuesday, April 25th. Finally, Royal Bank Of Canada boosted their price target on Yum! Brands from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Fourteen analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Yum! Brands currently has a consensus rating of “Buy” and a consensus target price of $77.32.
In other news, CEO Brian R. Niccol sold 1,471 shares of Yum! Brands stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total value of $106,853.44. Following the sale, the chief executive officer now directly owns 6,712 shares in the company, valued at approximately $487,559.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David W. Gibbs sold 8,125 shares of Yum! Brands 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 completion of the sale, the chief financial officer now owns 39,181 shares in the company, valued at $2,696,828.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,083 shares of company stock worth $775,868. Corporate 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.
Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM).
Receive News & Ratings for Yum! Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
