Schwab Charles Investment Management Inc. raised its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,166,548 shares of the restaurant operator’s stock after acquiring an additional 31,134 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.35% of Yum! Brands worth $85,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Kistler Tiffany Companies LLC boosted its stake in shares of Yum! Brands by 0.5% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after acquiring an additional 7 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Yum! Brands by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock worth $438,000 after acquiring an additional 16 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Yum! Brands by 0.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock worth $496,000 after acquiring an additional 31 shares during the last quarter. Heritage Trust Co boosted its stake in shares of Yum! Brands by 1.3% during the 2nd quarter. Heritage Trust Co now owns 3,010 shares of the restaurant operator’s stock worth $222,000 after acquiring an additional 40 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of Yum! Brands by 1.1% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 6,891 shares of the restaurant operator’s stock valued at $508,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 73.87% of the company’s stock.

In other news, CEO Brian R. Niccol sold 3,588 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $79.90, for a total value of $286,681.20. Following the sale, the chief executive officer now directly owns 15,075 shares in the company, valued at approximately $1,204,492.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David W. Gibbs sold 4,318 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $80.56, for a total transaction of $347,858.08. Following the completion of the sale, the chief financial officer now owns 39,396 shares in the company, valued at $3,173,741.76. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE:YUM) traded down $0.07 during midday trading on Friday, reaching $83.40. 2,490,000 shares of the company’s stock were exchanged, compared to its average volume of 1,870,000. The company has a debt-to-equity ratio of -1.55, a quick ratio of 1.41 and a current ratio of 1.42. The company has a market cap of $28,110.00, a P/E ratio of 29.81, a P/E/G ratio of 2.33 and a beta of 0.88. Yum! Brands, Inc. has a one year low of $62.32 and a one year high of $84.06.

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 analysts’ consensus estimates of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $1.09 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. equities analysts anticipate that Yum! Brands, Inc. will post 2.81 earnings per share for the current fiscal year.

Yum! Brands announced that its board has authorized a share repurchase program on Friday, November 17th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.44%. Yum! Brands’s dividend payout ratio (DPR) is presently 70.18%.

A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Yum! Brands from $77.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Morgan Stanley lifted their target price on shares of Yum! Brands from $77.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Cowen restated a “buy” rating and set a $91.00 target price on shares of Yum! Brands in a research note on Friday, November 3rd. Jefferies Group lifted their target price on shares of Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird lifted their target price on shares of Yum! Brands from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Twelve equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Yum! Brands presently has a consensus rating of “Buy” and a consensus target price of $80.95.

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About Yum! Brands

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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