National Pension Service Increases Position in Yum Brands Inc. (YUM)
National Pension Service boosted its stake in shares of Yum Brands Inc. (NYSE:YUM) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310,459 shares of the restaurant operator’s stock after buying an additional 23,913 shares during the period. National Pension Service owned about 0.08% of Yum Brands worth $28,193,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of YUM. Bruderman Asset Management LLC raised its stake in Yum Brands by 0.3% in the second quarter. Bruderman Asset Management LLC now owns 2,306 shares of the restaurant operator’s stock worth $191,000 after buying an additional 8 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake in Yum Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,246 shares of the restaurant operator’s stock worth $186,000 after buying an additional 12 shares during the last quarter. Pillar Pacific Capital Management LLC raised its stake in Yum Brands by 0.4% in the second quarter. Pillar Pacific Capital Management LLC now owns 2,973 shares of the restaurant operator’s stock worth $246,000 after buying an additional 13 shares during the last quarter. Sunbelt Securities Inc. raised its stake in Yum Brands by 0.6% in the second quarter. Sunbelt Securities Inc. now owns 2,446 shares of the restaurant operator’s stock worth $203,000 after buying an additional 14 shares during the last quarter. Finally, Washington Trust Bank raised its stake in Yum Brands by 1.3% in the third quarter. Washington Trust Bank now owns 2,028 shares of the restaurant operator’s stock worth $184,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 73.26% of the company’s stock.
Yum Brands Inc. (NYSE:YUM) traded up 0.372% during mid-day trading on Tuesday, hitting $63.345. The company had a trading volume of 364,945 shares. The firm has a market capitalization of $23.25 billion, a PE ratio of 16.297 and a beta of 0.78. The company has a 50 day moving average of $61.97 and a 200 day moving average of $62.22. Yum Brands Inc. has a 1-year low of $46.43 and a 1-year high of $66.13.
Yum Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The company earned $3.32 billion during the quarter. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. Analysts predict that Yum Brands Inc. will post $2.40 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Wednesday, October 19th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, October 17th. This represents a $2.04 annualized dividend and a yield of 3.23%. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is currently 51.91%.
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A number of research firms recently issued reports on YUM. BTIG Research reiterated a “hold” rating on shares of Yum Brands in a research note on Sunday, September 4th. Robert W. Baird reiterated a “neutral” rating and set a $92.00 price objective on shares of Yum Brands in a research note on Wednesday, September 7th. Wells Fargo & Co. reiterated a “market weight” rating and set a $87.00 price objective on shares of Yum Brands in a research note on Sunday, October 2nd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $97.00 target price (up from $96.00) on shares of Yum Brands in a research report on Sunday, October 2nd. Finally, Vetr upgraded Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 target price for the company in a research report on Monday, September 26th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $91.72.
In other Yum Brands news, CEO Roger G. Eaton sold 53,518 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total transaction 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 $22,538,905.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David W. Gibbs sold 14,487 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $89.92, for a total value of $1,302,671.04. Following 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 owned by corporate insiders.
Yum Brands Company Profile
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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