DekaBank Deutsche Girozentrale Purchases 33,073 Shares of Yum! Brands, Inc. (NYSE:YUM)

DekaBank Deutsche Girozentrale boosted its stake in Yum! Brands, Inc. (NYSE:YUM) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,643 shares of the restaurant operator’s stock after buying an additional 33,073 shares during the period. DekaBank Deutsche Girozentrale owned 0.09% of Yum! Brands worth $23,279,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Kistler Tiffany Companies LLC raised its stake in shares of Yum! Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 7 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 512 shares during the last quarter. Founders Capital Management raised its stake in shares of Yum! Brands by 164.5% in the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 1,020 shares during the last quarter. Coconut Grove Bank raised its stake in shares of Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock valued at $119,000 after buying an additional 850 shares during the last quarter. Finally, Bartlett & Co. LLC raised its stake in shares of Yum! Brands by 3.6% in the first quarter. Bartlett & Co. LLC now owns 1,992 shares of the restaurant operator’s stock valued at $127,000 after buying an additional 70 shares during the last quarter. 73.75% of the stock is currently owned by institutional investors.

Shares of Yum! Brands, Inc. (NYSE YUM) opened at 75.56 on Friday. The company has a market cap of $26.07 billion, a P/E ratio of 20.06 and a beta of 0.82. The stock’s 50 day moving average price is $74.41 and its 200-day moving average price is $69.15. Yum! Brands, Inc. has a 52-week low of $59.57 and a 52-week high of $76.62.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company earned $0.75 EPS. Yum! Brands’s revenue was down 4.0% compared to the same quarter last year. Equities analysts expect that Yum! Brands, Inc. will post $2.82 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Friday, July 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, July 12th. Yum! Brands’s payout ratio is 33.15%.

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Several brokerages have recently weighed in on YUM. BMO Capital Markets reissued a “market perform” rating and set a $77.00 price objective (up previously from $66.00) on shares of Yum! Brands in a report on Wednesday. Royal Bank Of Canada reissued a “buy” rating and set a $83.00 price objective on shares of Yum! Brands in a report on Friday, August 4th. Barclays PLC reissued an “equal weight” rating and set a $74.00 price objective (up previously from $72.00) on shares of Yum! Brands in a report on Friday, August 4th. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $80.00 price objective on shares of Yum! Brands in a report on Tuesday, July 25th. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $78.64.

In other news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of the transaction, the chief financial officer now directly owns 39,664 shares in the company, valued at approximately $2,935,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,471 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $72.64, for a total value of $106,853.44. Following the completion of 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 sold a total of 11,294 shares of company stock valued at $833,488 over the last quarter. 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.

Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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