Magellan Asset Management Ltd Has $967 Million Stake in Yum! Brands, Inc. (NYSE:YUM)

Magellan Asset Management Ltd decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,138,465 shares of the restaurant operator’s stock after selling 136,272 shares during the period. Yum! Brands comprises approximately 4.3% of Magellan Asset Management Ltd’s holdings, making the stock its 14th largest position. Magellan Asset Management Ltd owned about 4.33% of Yum! Brands worth $967,000,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Howland Capital Management LLC raised its position in Yum! Brands by 11.7% in the first quarter. Howland Capital Management LLC now owns 157,474 shares of the restaurant operator’s stock valued at $10,063,000 after buying an additional 16,432 shares in the last quarter. M Holdings Securities Inc. raised 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 in the last quarter. South State Corp raised its position in Yum! Brands by 13.9% in the first quarter. South State Corp now owns 56,768 shares of the restaurant operator’s stock valued at $3,627,000 after buying an additional 6,931 shares in the last quarter. Windsor Capital Management LLC raised its position in Yum! Brands by 7.6% in the first quarter. Windsor Capital Management LLC now owns 9,855 shares of the restaurant operator’s stock valued at $629,000 after buying an additional 693 shares in the last quarter. Finally, Whalerock Point Partners LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 73.37% of the company’s stock.

Yum! Brands, Inc. (NYSE YUM) traded up 0.23% during mid-day trading on Friday, hitting $75.03. The company had a trading volume of 2,272,138 shares. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $91.99. The firm has a market capitalization of $26.13 billion, a PE ratio of 18.89 and a beta of 0.82. The company’s 50 day moving average price is $74.01 and its 200-day moving average price is $68.62.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. On average, analysts forecast that Yum! Brands, Inc. will post $2.80 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were issued a $0.30 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Yum! Brands’s dividend payout ratio is presently 33.15%.

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Several research analysts have weighed in on YUM shares. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, August 1st. BidaskClub upgraded Yum! Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Cowen and Company lifted their target price on Yum! Brands from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $78.00 target price (up from $75.00) on shares of Yum! Brands in a report on Tuesday, May 30th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $75.00 target price (up from $71.00) on shares of Yum! Brands in a report on Monday, July 10th. Fourteen equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Yum! Brands presently has an average rating of “Buy” and a consensus target price of $78.68.

In related news, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the sale, the chief executive officer now owns 6,719 shares in the company, valued at approximately $495,996.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David W. Gibbs sold 8,125 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $68.83, for a total transaction of $559,243.75. Following the completion of the sale, the chief financial officer now owns 39,181 shares in the company, valued at approximately $2,696,828.23. The disclosure for this sale can be found here. Insiders sold a total of 11,083 shares of company stock worth $775,868 in the last 90 days. 7.38% of the stock is currently owned by company insiders.

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.

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

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