Teacher Retirement System of Texas raised its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 833,553 shares of the restaurant operator’s stock after purchasing an additional 13,443 shares during the period. Teacher Retirement System of Texas owned 0.24% of Yum! Brands worth $61,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in YUM. Acrospire Investment Management LLC acquired a new position in Yum! Brands during the 2nd quarter valued at about $104,000. Kistler Tiffany Companies LLC lifted its position in Yum! Brands by 0.5% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 7 shares during the period. Founders Capital Management lifted its position in Yum! Brands by 164.5% during the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after purchasing an additional 1,020 shares during the period. Bruderman Asset Management LLC acquired a new position in Yum! Brands during the 2nd quarter valued at about $148,000. Finally, Sun Life Financial INC lifted its position in Yum! Brands by 19,991.7% during the 2nd quarter. Sun Life Financial INC now owns 2,411 shares of the restaurant operator’s stock valued at $178,000 after purchasing an additional 2,399 shares during the period. Institutional investors own 72.53% of the company’s stock.

A number of research analysts have issued reports on YUM shares. Jefferies Group LLC upped their target price on shares of Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. BMO Capital Markets upped their price target on Yum! Brands from $77.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Yum! Brands in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $85.00 price target on shares of Yum! Brands in a research note on Monday, October 30th. Finally, Argus reaffirmed a “buy” rating and issued a $88.00 price target (up from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Twelve analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $80.95.

In other Yum! Brands news, CEO Brian R. Niccol sold 3,588 shares of Yum! Brands stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $79.90, for a total value of $286,681.20. Following the transaction, the chief executive officer now owns 15,075 shares in the company, valued at $1,204,492.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David W. Gibbs sold 4,318 shares of Yum! Brands stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total value of $347,858.08. Following the completion of the transaction, the chief financial officer now owns 39,396 shares in the company, valued at approximately $3,173,741.76. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

Yum! Brands, Inc. (NYSE YUM) traded up $0.06 on Monday, hitting $79.59. The stock had a trading volume of 1,604,200 shares, compared to its average volume of 2,253,350. Yum! Brands, Inc. has a 12 month low of $60.34 and a 12 month high of $81.65. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -1.55. The firm has a market capitalization of $26,890.00, a P/E ratio of 28.42, a P/E/G ratio of 2.41 and a beta of 0.88.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The company’s revenue was down 5.4% on a year-over-year basis. sell-side analysts expect that Yum! Brands, Inc. will post 2.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s payout ratio is currently 70.18%.

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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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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