Yum! Brands, Inc. (YUM) Shares Sold by Nomura Asset Management Co. Ltd.
Nomura Asset Management Co. Ltd. decreased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 20.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,963 shares of the restaurant operator’s stock after selling 11,575 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Yum! Brands were worth $3,751,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Calton & Associates Inc. acquired a new position in Yum! Brands during the 4th quarter valued at about $102,000. Valeo Financial Advisors LLC acquired a new position in Yum! Brands during the 3rd quarter valued at about $117,000. Trustcore Financial Services LLC acquired a new position in Yum! Brands during the 4th quarter valued at about $118,000. Aevitas Wealth Management Inc. acquired a new position in Yum! Brands during the 4th quarter valued at about $139,000. Finally, Cerebellum GP LLC acquired a new position in Yum! Brands during the 4th quarter valued at about $140,000. 75.60% of the stock is currently owned by hedge funds and other institutional investors.
Yum! Brands, Inc. (NYSE YUM) opened at $82.35 on Wednesday. Yum! Brands, Inc. has a fifty-two week low of $62.85 and a fifty-two week high of $86.93. The company has a market cap of $27,380.00, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.98 and a beta of 0.95. The company has a quick ratio of 1.65, a current ratio of 1.66 and a debt-to-equity ratio of -1.49.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Wednesday, February 14th were issued a dividend of $0.36 per share. This is a boost from Yum! Brands’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Tuesday, February 13th. Yum! Brands’s dividend payout ratio (DPR) is currently 28.57%.
Yum! Brands announced that its board has approved a stock repurchase program on Friday, November 17th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.
Several equities analysts have commented on the stock. Instinet cut shares of Yum! Brands from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Edward Jones raised shares of Yum! Brands from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Nomura cut shares of Yum! Brands from a “buy” rating to a “neutral” rating and set a $89.00 price objective on the stock. in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $89.00 price objective (down previously from $92.00) on shares of Yum! Brands in a research note on Friday, February 2nd. Fourteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $82.26.
In related news, CEO Brian R. Niccol sold 2,294 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $84.90, for a total transaction of $194,760.60. Following the completion of the sale, the chief executive officer now directly owns 10,160 shares in the company, valued at $862,584. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,104 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $82.37, for a total transaction of $90,936.48. Following the sale, the chief executive officer now owns 5,509 shares of the company’s stock, valued at $453,776.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,343 shares of company stock valued at $361,203. 0.65% of the stock is currently owned by corporate insiders.
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Yum! Brands 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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