NN Investment Partners Holdings N.V. acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,426 shares of the restaurant operator’s stock, valued at approximately $2,766,000.
A number of other institutional investors and hedge funds have also modified their holdings of YUM. Principal Financial Group Inc. lifted its position in shares of Yum! Brands by 1.5% in the first quarter. Principal Financial Group Inc. now owns 946,711 shares of the restaurant operator’s stock valued at $80,594,000 after acquiring an additional 14,119 shares in the last quarter. DnB Asset Management AS lifted its position in Yum! Brands by 4.1% during the second quarter. DnB Asset Management AS now owns 41,077 shares of the restaurant operator’s stock worth $3,213,000 after buying an additional 1,600 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Yum! Brands by 48.6% during the second quarter. IFM Investors Pty Ltd now owns 14,694 shares of the restaurant operator’s stock worth $1,149,000 after buying an additional 4,808 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Yum! Brands by 22.2% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,047 shares of the restaurant operator’s stock worth $473,000 after buying an additional 1,100 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Yum! Brands by 6.5% during the second quarter. State of Alaska Department of Revenue now owns 60,619 shares of the restaurant operator’s stock worth $4,739,000 after buying an additional 3,710 shares in the last quarter. 71.08% of the stock is currently owned by institutional investors.
Several research firms have issued reports on YUM. UBS Group set a $99.00 target price on Yum! Brands and gave the stock a “buy” rating in a research note on Monday, September 10th. BMO Capital Markets reissued a “hold” rating and set a $88.00 target price on shares of Yum! Brands in a research note on Friday, August 3rd. Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. KeyCorp began coverage on Yum! Brands in a research note on Wednesday, October 3rd. They set a “sector weight” rating for the company. Finally, Robert W. Baird raised their target price on Yum! Brands from $94.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday. Thirteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $91.00.
YUM stock opened at $86.90 on Monday. The firm has a market cap of $27.58 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 1.85 and a beta of 0.85. Yum! Brands, Inc. has a 52-week low of $75.88 and a 52-week high of $92.21.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. Yum! Brands had a negative return on equity of 17.89% and a net margin of 28.81%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. Equities analysts expect that Yum! Brands, Inc. will post 3.68 EPS for the current year.
Yum! Brands announced that its Board of Directors has initiated a share buyback program on Friday, August 10th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the restaurant operator to purchase up to 7.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Yum! Brands news, VP David Eric Russell sold 7,340 shares of Yum! Brands stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $90.00, for a total transaction of $660,600.00. Following the completion of the sale, the vice president now directly owns 25,960 shares of the company’s stock, valued at approximately $2,336,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David W. Gibbs sold 6,366 shares of Yum! Brands stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $87.87, for a total value of $559,380.42. Following the sale, the chief financial officer now directly owns 47,764 shares of the company’s stock, valued at $4,197,022.68. The disclosure for this sale can be found here. Insiders sold 20,075 shares of company stock valued at $1,779,370 over the last ninety days. Insiders own 0.63% of the company’s stock.
About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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