State Board of Administration of Florida Retirement System Reduces Holdings in Yum! Brands, Inc. (NYSE:YUM)

State Board of Administration of Florida Retirement System reduced its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 6.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 393,511 shares of the restaurant operator’s stock after selling 27,961 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Yum! Brands were worth $45,266,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of YUM. Weiss Multi Strategy Advisers LLC lifted its stake in Yum! Brands by 16.5% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 65,000 shares of the restaurant operator’s stock valued at $7,032,000 after buying an additional 9,193 shares in the last quarter. NorthCoast Asset Management LLC increased its position in Yum! Brands by 3.2% during the 1st quarter. NorthCoast Asset Management LLC now owns 71,662 shares of the restaurant operator’s stock worth $7,762,000 after purchasing an additional 2,236 shares in the last quarter. Scotia Capital Inc. increased its position in Yum! Brands by 4.3% during the 1st quarter. Scotia Capital Inc. now owns 19,578 shares of the restaurant operator’s stock worth $2,118,000 after purchasing an additional 805 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in Yum! Brands by 96.6% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 35,773 shares of the restaurant operator’s stock worth $4,205,000 after purchasing an additional 17,573 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in Yum! Brands by 25.4% during the 1st quarter. Captrust Financial Advisors now owns 10,838 shares of the restaurant operator’s stock worth $1,172,000 after purchasing an additional 2,197 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

NYSE YUM opened at $128.99 on Wednesday. The stock has a market cap of $38.14 billion, a PE ratio of 29.58, a P/E/G ratio of 2.44 and a beta of 1.09. Yum! Brands, Inc. has a fifty-two week low of $88.08 and a fifty-two week high of $135.77. The business has a 50 day moving average price of $127.97 and a two-hundred day moving average price of $119.53.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, July 28th. The restaurant operator reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.21. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Yum! Brands had a negative return on equity of 16.99% and a net margin of 21.21%. During the same quarter in the prior year, the business earned $0.82 EPS. Equities analysts anticipate that Yum! Brands, Inc. will post 4.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 27th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, August 26th. Yum! Brands’s dividend payout ratio (DPR) is 55.25%.

In related news, COO Tracy L. Skeans sold 18,824 shares of Yum! Brands stock in a transaction on Friday, July 30th. The shares were sold at an average price of $129.71, for a total value of $2,441,661.04. Following the completion of the sale, the chief operating officer now owns 20,729 shares in the company, valued at $2,688,758.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony Lowings sold 2,517 shares of the firm’s stock in a transaction on Thursday, July 1st. The stock was sold at an average price of $115.49, for a total transaction of $290,688.33. The disclosure for this sale can be found here. Insiders have sold a total of 33,172 shares of company stock worth $4,248,578 in the last ninety days. 0.37% of the stock is currently owned by insiders.

YUM has been the topic of several recent analyst reports. Argus upped their price objective on shares of Yum! Brands from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Guggenheim began coverage on Yum! Brands in a research report on Monday, July 26th. They issued a “buy” rating and a $135.00 price objective for the company. Oppenheimer downgraded Yum! Brands from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 26th. Barclays increased their price objective on shares of Yum! Brands from $115.00 to $121.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 1st. Finally, BMO Capital Markets increased their price objective on shares of Yum! Brands from $120.00 to $138.00 and gave the stock a “market perform” rating in a report on Friday, July 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $127.63.

About Yum! Brands

Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment comprises of all operations of the KFC concept.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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