Magellan Asset Management Ltd cut its position in Yum! Brands, Inc. (NYSE:YUM) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,138,465 shares of the restaurant operator’s stock after selling 136,272 shares during the period. Yum! Brands accounts for 4.3% of Magellan Asset Management Ltd’s portfolio, making the stock its 14th largest position. Magellan Asset Management Ltd owned 4.33% of Yum! Brands worth $967,000,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of YUM. YorkBridge Wealth Partners LLC increased its position in Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock worth $103,000 after buying an additional 512 shares during the period. Coconut Grove Bank increased its position in Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock worth $119,000 after buying an additional 850 shares during the period. Bartlett & Co. LLC increased its position in Yum! Brands by 3.6% in the first quarter. Bartlett & Co. LLC now owns 1,992 shares of the restaurant operator’s stock worth $127,000 after buying an additional 70 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Yum! Brands by 5.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock worth $130,000 after buying an additional 114 shares during the period. Finally, Parallel Advisors LLC increased its position in Yum! Brands by 38.2% in the first quarter. Parallel Advisors LLC now owns 2,202 shares of the restaurant operator’s stock worth $150,000 after buying an additional 609 shares during the period. Institutional investors and hedge funds own 73.42% of the company’s stock.
Yum! Brands, Inc. (NYSE YUM) opened at 73.97 on Wednesday. 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 company’s 50-day moving average is $72.48 and its 200 day moving average is $66.98. Yum! Brands, Inc. has a 52-week low of $59.57 and a 52-week high of $91.99.
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. Equities analysts forecast that Yum! Brands, Inc. will post $2.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Investors 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 (DPR) is presently 31.17%.
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YUM has been the subject of a number of research reports. Argus upgraded Yum! Brands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $69.95 to $80.00 in a research note on Tuesday, May 16th. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, April 12th. Instinet reissued a “buy” rating and set a $78.00 target price on shares of Yum! Brands in a report on Sunday, May 28th. BidaskClub cut Yum! Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 price target on shares of Yum! Brands in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $77.86.
In related news, CEO Brian R. Niccol sold 1,471 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total transaction of $106,853.44. Following the completion of the transaction, the chief executive officer now directly owns 6,712 shares in the company, valued at approximately $487,559.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David W. Gibbs sold 8,125 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $68.83, for a total value of $559,243.75. Following the transaction, 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 quarter, insiders have sold 11,083 shares of company stock valued at $775,868. 0.65% of the stock is currently owned by corporate 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.
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