Howland Capital Management LLC Acquires 5,761 Shares of Yum Brands Inc. (YUM)
Howland Capital Management LLC boosted its position in shares of Yum Brands Inc. (NYSE:YUM) by 4.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,566 shares of the restaurant operator’s stock after buying an additional 5,761 shares during the period. Howland Capital Management LLC’s holdings in Yum Brands were worth $11,493,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock worth $107,000 after buying an additional 109 shares during the last quarter. Tortoise Investment Management LLC boosted its position in Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock worth $110,000 after buying an additional 125 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in Yum Brands during the second quarter worth $130,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock worth $137,000 after buying an additional 1,428 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its position in Yum Brands by 5.9% in the second quarter. Vigilant Capital Management LLC now owns 1,694 shares of the restaurant operator’s stock worth $140,000 after buying an additional 94 shares during the last quarter. 73.26% of the stock is owned by institutional investors.
Yum Brands Inc. (NYSE:YUM) traded down 0.35% during midday trading on Monday, hitting $63.12. 3,139,209 shares of the stock were exchanged. The stock has a market cap of $23.17 billion, a price-to-earnings ratio of 16.24 and a beta of 0.78. Yum Brands Inc. has a 12-month low of $46.43 and a 12-month high of $66.13. The firm has a 50 day moving average of $61.97 and a 200-day moving average of $62.14.
Yum Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. The company earned $3.32 billion during the quarter. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. On average, equities analysts expect that Yum Brands Inc. will post $2.40 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Monday, October 17th. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is currently 51.91%.
A number of research analysts have weighed in on the stock. BTIG Research reaffirmed a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Robert W. Baird set a $95.00 price objective on shares of Yum Brands and gave the company a “hold” rating in a report on Wednesday, October 12th. Vetr raised shares of Yum Brands from a “buy” rating to a “strong-buy” rating and set a $95.43 price objective for the company in a report on Tuesday, November 1st. Deutsche Bank AG lifted their price objective on shares of Yum Brands from $83.00 to $86.00 and gave the company a “hold” rating in a report on Friday, September 30th. Finally, RBC Capital Markets reaffirmed a “top pick” rating and issued a $103.00 price objective on shares of Yum Brands in a report on Wednesday, October 5th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $91.72.
In other news, CEO Roger G. Eaton sold 53,518 shares of the stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $91.72, for a total value of $4,908,670.96. Following the completion of the transaction, the chief executive officer now owns 245,736 shares in the company, valued at approximately $22,538,905.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 14,487 shares of the stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the completion of the transaction, the chief financial officer now owns 48,261 shares of the company’s stock, valued at approximately $4,339,629.12. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by insiders.
About Yum Brands
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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