Tdam USA Inc. cut its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,486 shares of the restaurant operator’s stock after selling 810 shares during the quarter. Tdam USA Inc.’s holdings in Yum! Brands were worth $1,492,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Howe & Rusling Inc. bought a new position in shares of Yum! Brands during the first quarter valued at approximately $25,000. Liberty Wealth Management LLC grew its holdings in shares of Yum! Brands by 302.1% during the second quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 290 shares during the last quarter. Motco grew its holdings in shares of Yum! Brands by 74.6% during the first quarter. Motco now owns 468 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 200 shares during the last quarter. Advisory Alpha LLC bought a new position in Yum! Brands in the 1st quarter worth approximately $50,000. Finally, Bremer Bank National Association bought a new position in Yum! Brands in the 1st quarter worth approximately $52,000. 74.97% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on YUM shares. JPMorgan Chase & Co. increased their price objective on Yum! Brands from $97.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. MKM Partners started coverage on Yum! Brands in a report on Tuesday. They issued a “neutral” rating and a $125.00 price objective for the company. Longbow Research lowered Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 price objective for the company. in a report on Monday, July 1st. Edward Jones lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, July 1st. Finally, Goldman Sachs Group started coverage on Yum! Brands in a report on Monday, July 29th. They issued a “neutral” rating and a $115.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $108.71.
YUM traded down $1.31 during trading on Wednesday, reaching $115.82. The stock had a trading volume of 31,759 shares, compared to its average volume of 1,634,879. The stock has a market cap of $36.42 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53. Yum! Brands, Inc. has a 1-year low of $82.14 and a 1-year high of $119.72. The stock has a 50 day simple moving average of $113.04.
Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 3.87 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 19th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a yield of 1.45%. Yum! Brands’s dividend payout ratio (DPR) is 53.00%.
In other Yum! Brands news, insider Tracy L. Skeans sold 6,049 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $110.00, for a total value of $665,390.00. Following the completion of the sale, the insider now directly owns 9,106 shares in the company, valued at $1,001,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 1,577 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $111.29, for a total value of $175,504.33. Following the completion of the sale, the chief financial officer now owns 43,867 shares of the company’s stock, valued at $4,881,958.43. The disclosure for this sale can be found here. Insiders sold 54,147 shares of company stock valued at $5,770,207 over the last 90 days. 0.67% of the stock is currently owned by insiders.
Yum! Brands Profile
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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