SOL Capital Management CO Sells 250 Shares of Yum! Brands, Inc. (NYSE:YUM)
SOL Capital Management CO lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,464 shares of the restaurant operator’s stock after selling 250 shares during the period. SOL Capital Management CO’s holdings in Yum! Brands were worth $1,214,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in YUM. Quantitative Systematic Strategies LLC bought a new stake in shares of Yum! Brands during the second quarter valued at approximately $203,000. Huntington National Bank increased its stake in Yum! Brands by 0.4% in the second quarter. Huntington National Bank now owns 41,976 shares of the restaurant operator’s stock valued at $3,096,000 after buying an additional 175 shares in the last quarter. Bridges Investment Management Inc. acquired a new stake in Yum! Brands during the second quarter valued at about $205,000. Mitchell Mcleod Pugh & Williams Inc. increased its stake in Yum! Brands by 0.6% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 18,977 shares of the restaurant operator’s stock valued at $1,400,000 after buying an additional 115 shares in the last quarter. Finally, Oakbrook Investments LLC increased its stake in Yum! Brands by 76.5% in the second quarter. Oakbrook Investments LLC now owns 26,300 shares of the restaurant operator’s stock valued at $1,940,000 after buying an additional 11,400 shares in the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.
Shares of Yum! Brands, Inc. (NYSE:YUM) traded down 0.05% on Monday, reaching $74.99. The company’s stock had a trading volume of 1,719,690 shares. The stock has a market capitalization of $26.11 billion, a price-to-earnings ratio of 18.88 and a beta of 0.82. The stock has a 50-day moving average of $74.01 and a 200 day moving average of $68.62. 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 Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm posted $0.75 EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, analysts expect that Yum! Brands, Inc. will post $2.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. Yum! Brands’s payout ratio is 33.15%.
Several equities research analysts have issued reports on the company. BidaskClub upgraded Yum! Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, August 1st. Barclays PLC lifted their price objective on Yum! Brands from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday. BMO Capital Markets lifted their price objective on Yum! Brands from $66.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Royal Bank Of Canada restated a “buy” rating and set a $83.00 price objective on shares of Yum! Brands in a report on Friday. Fourteen analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $78.68.
In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the transaction, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian R. Niccol sold 1,471 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $72.64, for a total value of $106,853.44. Following the completion of the transaction, the chief executive officer now owns 6,712 shares in the company, valued at $487,559.68. The disclosure for this sale can be found here. Insiders sold a total of 11,083 shares of company stock worth $775,868 over the last quarter. 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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