Commerzbank Aktiengesellschaft FI increased its holdings in Yum! Brands, Inc. (NYSE:YUM) by 22.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,697 shares of the restaurant operator’s stock after acquiring an additional 8,566 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Yum! Brands were worth $3,437,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Yum! Brands by 1.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 53,325 shares of the restaurant operator’s stock worth $3,925,000 after acquiring an additional 1,000 shares in the last quarter. KBC Group NV lifted its stake in shares of Yum! Brands by 1.6% in the third quarter. KBC Group NV now owns 170,621 shares of the restaurant operator’s stock worth $12,559,000 after acquiring an additional 2,685 shares in the last quarter. Hartford Investment Management Co. lifted its stake in shares of Yum! Brands by 1.2% in the third quarter. Hartford Investment Management Co. now owns 106,697 shares of the restaurant operator’s stock worth $7,854,000 after acquiring an additional 1,289 shares in the last quarter. BB&T Securities LLC raised its stake in Yum! Brands by 6.5% during the third quarter. BB&T Securities LLC now owns 57,742 shares of the restaurant operator’s stock valued at $4,250,000 after buying an additional 3,529 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in Yum! Brands by 45.8% during the third quarter. Moneta Group Investment Advisors LLC now owns 7,533 shares of the restaurant operator’s stock valued at $555,000 after buying an additional 2,365 shares in the last quarter. Institutional investors and hedge funds own 73.90% of the company’s stock.
In related news, CEO Brian R. Niccol sold 927 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.46, for a total value of $77,367.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian R. Niccol sold 3,588 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $79.90, for a total value of $286,681.20. Following the completion of the transaction, the chief executive officer now directly owns 15,075 shares of the company’s stock, valued at $1,204,492.50. The disclosure for this sale can be found here. Insiders have sold 8,833 shares of company stock valued at $711,907 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.
Several brokerages have issued reports on YUM. Oppenheimer upped their price objective on Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Robert W. Baird restated a “hold” rating and set a $78.00 price objective on shares of Yum! Brands in a research note on Friday, September 8th. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Tuesday, August 8th. Jefferies Group upped their price objective on Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Finally, J P Morgan Chase & Co restated a “buy” rating and set a $80.00 price objective on shares of Yum! Brands in a research note on Monday, October 2nd. Twelve analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $80.95.
Yum! Brands, Inc. (NYSE:YUM) traded down $0.09 during trading hours on Tuesday, hitting $83.31. The stock had a trading volume of 2,309,200 shares, compared to its average volume of 2,215,426. The company has a market capitalization of $28,070.00, a price-to-earnings ratio of 29.79, a PEG ratio of 2.33 and a beta of 0.91. Yum! Brands, Inc. has a 52 week low of $62.36 and a 52 week high of $84.29. The company has a debt-to-equity ratio of -1.55, a current ratio of 1.42 and a quick ratio of 1.41.
Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.39 billion. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. sell-side analysts forecast that Yum! Brands, Inc. will post 2.81 EPS for the current fiscal year.
Yum! Brands declared that its Board of Directors has initiated a share repurchase program on Friday, November 17th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business 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 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s dividend payout ratio (DPR) is presently 70.18%.
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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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