Dimensional Fund Advisors LP lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 762,131 shares of the restaurant operator’s stock after selling 4,212 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.22% of Yum! Brands worth $56,214,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in YUM. BlackRock Inc. boosted its position in Yum! Brands by 2,392.9% during the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock worth $1,281,452,000 after acquiring an additional 19,249,564 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Yum! Brands by 82.4% in the 1st quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after purchasing an additional 2,148,751 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Yum! Brands by 208.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,625,400 shares of the restaurant operator’s stock valued at $167,763,000 after purchasing an additional 1,774,600 shares during the last quarter. Pioneer Investment Management Inc. acquired a new position in shares of Yum! Brands in the 2nd quarter valued at $104,149,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Yum! Brands in the 2nd quarter valued at $102,713,000. Hedge funds and other institutional investors own 71.99% of the company’s stock.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, August 1st. Stifel Nicolaus assumed coverage on shares of Yum! Brands in a research note on Monday, October 2nd. They issued a “buy” rating and a $88.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $83.00 target price on shares of Yum! Brands in a research note on Monday, September 11th. Barclays PLC lifted their price target on shares of Yum! Brands from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Finally, BidaskClub downgraded shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Eleven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $79.34.
In other news, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction on 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 of the company’s stock, valued at $2,935,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.38% of the stock is currently owned by company insiders.
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Yum! Brands, Inc. (YUM) opened at 75.87 on Friday. The firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of 20.14 and a beta of 0.81. Yum! Brands, Inc. has a 1-year low of $59.57 and a 1-year high of $78.14. The firm’s 50-day moving average is $75.59 and its 200-day moving average is $73.12.
Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Yum! Brands, Inc. will post $2.81 EPS for the current year.
The company also recently announced 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 is currently 33.15%.
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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