Bragg Financial Advisors Inc held its position in Yum! Brands, Inc. (NYSE:YUM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,882 shares of the restaurant operator’s stock at the end of the first quarter. Bragg Financial Advisors Inc’s holdings in Yum! Brands were worth $376,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. USA Financial Portformulas Corp increased its position in Yum! Brands by 25.8% in the fourth quarter. USA Financial Portformulas Corp now owns 43,233 shares of the restaurant operator’s stock valued at $2,738,000 after buying an additional 8,880 shares during the last quarter. Whalerock Point Partners LLC increased its position in Yum! Brands by 25.5% in the fourth quarter. Whalerock Point Partners LLC now owns 8,625 shares of the restaurant operator’s stock valued at $546,000 after buying an additional 1,750 shares during the last quarter. M Holdings Securities Inc. increased its position in Yum! Brands by 3.0% in the fourth quarter. M Holdings Securities Inc. now owns 3,813 shares of the restaurant operator’s stock valued at $241,000 after buying an additional 112 shares during the last quarter. Teachers Advisors LLC increased its position in Yum! Brands by 21.8% in the fourth quarter. Teachers Advisors LLC now owns 509,014 shares of the restaurant operator’s stock valued at $32,236,000 after buying an additional 91,153 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in Yum! Brands during the fourth quarter valued at $1,602,000. Hedge funds and other institutional investors own 73.42% of the company’s stock.
Yum! Brands, Inc. (NYSE:YUM) opened at 73.97 on Wednesday. Yum! Brands, Inc. has a 12 month low of $59.57 and a 12 month high of $91.99. The company has a market cap of $25.76 billion, a price-to-earnings ratio of 18.63 and a beta of 0.82. The firm’s 50-day moving average is $72.48 and its 200-day moving average is $66.98.
Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, May 3rd. The restaurant operator reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.05. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. Yum! Brands had a negative return on equity of 37.63% and a net margin of 15.44%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. On average, analysts anticipate that Yum! Brands, Inc. will post $2.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.62%. Yum! Brands’s dividend payout ratio is currently 31.17%.
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YUM has been the topic of several research reports. Citigroup Inc. upped their price objective on shares of Yum! Brands from $67.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, April 11th. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Wednesday, April 12th. BMO Capital Markets initiated coverage on shares of Yum! Brands in a report on Friday, April 21st. They set a “market perform” rating and a $66.00 price objective on the stock. Cowen and Company restated an “outperform” rating and set a $75.00 price objective on shares of Yum! Brands in a report on Tuesday, April 25th. Finally, Royal Bank Of Canada upped their price objective on shares of Yum! Brands from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $77.86.
In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David W. Gibbs sold 8,125 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $68.83, for a total value of $559,243.75. Following the sale, the chief financial officer now owns 39,181 shares of the company’s stock, valued at $2,696,828.23. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,083 shares of company stock valued at $775,868. Corporate insiders own 0.65% of the company’s stock.
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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