Goelzer Investment Management Inc. Has $393,000 Stake in Yum! Brands, Inc. (NYSE:YUM)
Goelzer Investment Management Inc. continued to hold its position in shares of Yum! Brands, Inc. (NYSE:YUM) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,326 shares of the restaurant operator’s stock at the end of the second quarter. Goelzer Investment Management Inc.’s holdings in Yum! Brands were worth $393,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Howland Capital Management LLC raised its position in shares of Yum! Brands by 11.7% in the first quarter. Howland Capital Management LLC now owns 157,474 shares of the restaurant operator’s stock worth $10,063,000 after buying an additional 16,432 shares during the last quarter. South State Corp raised its position in shares of Yum! Brands by 13.9% in the first quarter. South State Corp now owns 56,768 shares of the restaurant operator’s stock worth $3,627,000 after buying an additional 6,931 shares during the last quarter. Windsor Capital Management LLC raised its position in shares of Yum! Brands by 7.6% in the first quarter. Windsor Capital Management LLC now owns 9,855 shares of the restaurant operator’s stock worth $629,000 after buying an additional 693 shares during the last quarter. Parametrica Management Ltd bought a new position in shares of Yum! Brands during the first quarter worth $311,000. Finally, Morgan Stanley raised its position in shares of Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock worth $303,987,000 after buying an additional 2,148,751 shares during the last quarter. 73.75% of the stock is owned by institutional investors.
Yum! Brands, Inc. (NYSE YUM) opened at 74.99 on Tuesday. The firm’s 50 day moving average is $74.01 and its 200-day moving average is $68.62. Yum! Brands, Inc. has a 12 month low of $59.57 and a 12 month high of $91.99. The firm has a market cap of $26.11 billion, a price-to-earnings ratio of 18.88 and a beta of 0.82.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the 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 previous year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities analysts forecast that Yum! Brands, Inc. will post $2.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Friday, July 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Wednesday, July 12th. Yum! Brands’s dividend payout ratio (DPR) is currently 33.15%.
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YUM has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, August 1st. BidaskClub raised shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Cowen and Company upped their target price on shares of Yum! Brands from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $78.00 target price (up from $75.00) on shares of Yum! Brands in a research note on Tuesday, May 30th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $75.00 target price (up from $71.00) on shares of Yum! Brands in a research note on Monday, July 10th. Fourteen analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Yum! Brands presently has an average rating of “Buy” and an average price target of $78.68.
In other news, 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 sale, the chief financial officer now owns 39,181 shares of the company’s stock, valued at $2,696,828.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The disclosure for this sale can be found here. In the last three months, insiders sold 11,083 shares of company stock worth $775,868. 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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