Pensionfund DSM Netherlands acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 45,000 shares of the restaurant operator’s stock, valued at approximately $3,312,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kistler Tiffany Companies LLC grew its holdings in Yum! Brands by 0.5% in the 2nd 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 in the last quarter. Bessemer Group Inc. grew its holdings in Yum! Brands by 0.3% in the 2nd quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock valued at $438,000 after buying an additional 16 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Yum! Brands by 0.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock valued at $496,000 after buying an additional 31 shares in the last quarter. Heritage Trust Co grew its holdings in Yum! Brands by 1.3% in the 2nd quarter. Heritage Trust Co now owns 3,010 shares of the restaurant operator’s stock valued at $222,000 after buying an additional 40 shares in the last quarter. Finally, Needelman Asset Management Inc. grew its holdings in Yum! Brands by 0.6% in the 2nd 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. 71.99% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Yum! Brands, Inc. (YUM) traded down 0.57% during midday trading on Friday, reaching $75.44. The company’s stock had a trading volume of 719,349 shares. Yum! Brands, Inc. has a 52-week low of $59.57 and a 52-week high of $78.14. The stock has a 50-day moving average price of $75.59 and a 200-day moving average price of $73.12. The stock has a market cap of $26.01 billion, a price-to-earnings ratio of 20.03 and a beta of 0.81.
Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Yum! Brands, Inc. will post $2.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, November 14th. Yum! Brands’s dividend payout ratio (DPR) is presently 33.15%.
Several analysts have recently issued reports on YUM shares. BMO Capital Markets reissued a “market perform” rating and set a $77.00 target price (up from $66.00) on shares of Yum! Brands in a report on Wednesday, August 9th. Barclays PLC increased their target price on Yum! Brands from $74.00 to $78.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Argus reissued a “buy” rating and set a $88.00 target price (up from $80.00) on shares of Yum! Brands in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $83.00 target price on shares of Yum! Brands in a report on Friday, August 4th. Eleven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $79.34.
In other news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the sale, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at $2,935,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.38% of the stock is owned by insiders.
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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