Delaney Dennis R continued to hold its position in Yum! Brands, Inc. (NYSE:YUM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,140 shares of the restaurant operator’s stock at the end of the second quarter. Delaney Dennis R’s holdings in Yum! Brands were worth $453,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its position in Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock worth $103,000 after buying an additional 512 shares during the last quarter. Coconut Grove Bank increased its position in Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock worth $119,000 after buying an additional 850 shares in the last quarter. Founders Capital Management increased its position in Yum! Brands by 164.5% in the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after buying an additional 1,020 shares in the last quarter. Bartlett & Co. LLC increased its position in Yum! Brands by 3.6% in the first quarter. Bartlett & Co. LLC now owns 1,992 shares of the restaurant operator’s stock worth $127,000 after buying an additional 70 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in Yum! Brands by 5.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock worth $130,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 73.55% of the company’s stock.
Shares of Yum! Brands, Inc. (NYSE YUM) traded down 0.81% during midday trading on Friday, reaching $75.00. The company had a trading volume of 2,050,445 shares. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $75.63. The company has a market capitalization of $26.12 billion, a PE ratio of 18.89 and a beta of 0.82. The company has a 50 day moving average of $73.84 and a 200 day moving average of $68.40.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, May 3rd. The restaurant operator reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.05. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Yum! Brands had a negative return on equity of 37.63% and a net margin of 15.44%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Analysts predict that Yum! Brands, Inc. will post $2.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Investors of record on Friday, July 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. Yum! Brands’s dividend payout ratio is presently 31.17%.
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A number of research analysts have weighed in on YUM shares. Argus upgraded Yum! Brands from a “hold” rating to a “buy” rating and raised their price target for the company from $69.95 to $80.00 in a research note on Tuesday, May 16th. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Wednesday, April 12th. Instinet restated a “buy” rating and issued a $78.00 price target on shares of Yum! Brands in a research note on Sunday, May 28th. BidaskClub downgraded Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $75.00 price target on shares of Yum! Brands in a research note on Thursday, June 15th. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Yum! Brands has an average rating of “Buy” and an average target price of $77.41.
In related news, CEO Brian R. Niccol sold 1,471 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 6,712 shares of the company’s stock, valued at $487,559.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the transaction, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The disclosure for this sale can be found here. In the last three months, insiders sold 11,083 shares of company stock worth $775,868. 7.38% of the stock is owned by 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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