Boston Financial Mangement LLC decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,345 shares of the restaurant operator’s stock after selling 51 shares during the period. Boston Financial Mangement LLC’s holdings in Yum! Brands were worth $247,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wetherby Asset Management Inc. raised its position in shares of Yum! Brands by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 5,725 shares of the restaurant operator’s stock valued at $366,000 after buying an additional 28 shares during the period. FTB Advisors Inc. increased its stake in Yum! Brands by 1.0% in the first quarter. FTB Advisors Inc. now owns 3,260 shares of the restaurant operator’s stock valued at $208,000 after buying an additional 31 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its stake in Yum! Brands by 0.5% in the first quarter. Kornitzer Capital Management Inc. KS now owns 10,800 shares of the restaurant operator’s stock valued at $690,000 after buying an additional 50 shares in the last quarter. Bartlett & Co. LLC increased its stake in 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 in the last quarter. Finally, Needelman Asset Management Inc. increased its stake in Yum! Brands by 0.6% in the second quarter. Needelman Asset Management Inc. now owns 11,470 shares of the restaurant operator’s stock valued at $846,000 after buying an additional 70 shares in the last quarter. Institutional investors own 73.75% of the company’s stock.
Yum! Brands, Inc. (NYSE:YUM) traded up 0.27% during mid-day trading on Friday, hitting $75.56. 2,183,929 shares of the stock were exchanged. The company has a market capitalization of $26.05 billion, a PE ratio of 20.06 and a beta of 0.82. The stock has a 50 day moving average price of $74.41 and a 200 day moving average price of $69.15. Yum! Brands, Inc. has a 1-year low of $59.57 and a 1-year high of $76.62.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. On average, equities analysts anticipate that Yum! Brands, Inc. will post $2.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a 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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YUM has been the subject of a number of research reports. BMO Capital Markets initiated coverage on shares of Yum! Brands in a report on Friday, April 21st. They issued a “market perform” rating and a $66.00 price target for the company. Zacks Investment Research downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Cowen and Company reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Yum! Brands in a report on Tuesday, April 25th. Royal Bank Of Canada raised their price objective 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. Finally, Goldman Sachs Group, Inc. (The) raised shares of Yum! Brands from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $57.00 to $65.00 in a report on Thursday, May 11th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $78.64.
In related news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the sale, the chief financial officer now owns 39,664 shares in the company, valued at $2,935,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 6,719 shares of the company’s stock, valued at $495,996.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,294 shares of company stock valued at $833,488. Company insiders own 7.38% of the company’s stock.
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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