Legal & General Group Plc lessened its position in Yum! Brands, Inc. (NYSE:YUM) by 0.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,675,691 shares of the restaurant operator’s stock after selling 3,874 shares during the quarter. Legal & General Group Plc’s holdings in Yum! Brands were worth $131,063,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Yum! Brands by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,227,054 shares of the restaurant operator’s stock valued at $95,981,000 after purchasing an additional 13,855 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Yum! Brands by 22.2% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,047 shares of the restaurant operator’s stock valued at $473,000 after purchasing an additional 1,100 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Yum! Brands by 464.0% in the 2nd quarter. Whittier Trust Co. now owns 51,906 shares of the restaurant operator’s stock valued at $4,215,000 after purchasing an additional 42,703 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Yum! Brands by 63.0% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 34,391 shares of the restaurant operator’s stock valued at $2,690,000 after purchasing an additional 13,294 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Yum! Brands by 13.9% in the 2nd quarter. Swiss National Bank now owns 1,284,796 shares of the restaurant operator’s stock valued at $100,497,000 after purchasing an additional 156,500 shares in the last quarter. Institutional investors own 71.74% of the company’s stock.

YUM has been the topic of several recent analyst reports. Robert W. Baird upgraded shares of Yum! Brands from a “neutral” rating to an “outperform” rating and set a $83.00 target price on the stock in a research note on Thursday, May 3rd. BMO Capital Markets boosted their target price on shares of Yum! Brands from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, May 3rd. Morgan Stanley cut their price target on Yum! Brands from $92.00 to $90.00 and set an “equal weight” rating for the company in a report on Thursday, May 3rd. Barclays lifted their price target on Yum! Brands from $81.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, May 3rd. Finally, UBS Group set a $91.00 price target on Yum! Brands and gave the company a “buy” rating in a report on Wednesday, May 30th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Yum! Brands presently has a consensus rating of “Hold” and an average target price of $86.22.

Yum! Brands stock opened at $85.70 on Friday. The company has a debt-to-equity ratio of -1.33, a current ratio of 1.30 and a quick ratio of 1.30. Yum! Brands, Inc. has a 12-month low of $72.61 and a 12-month high of $88.07. The stock has a market capitalization of $27.09 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.92 and a beta of 0.84.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, August 2nd. The restaurant operator reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Yum! Brands had a negative return on equity of 17.36% and a net margin of 27.95%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. sell-side analysts predict that Yum! Brands, Inc. will post 3.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Monday, August 20th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 17th. This represents a $1.44 annualized dividend and a yield of 1.68%. Yum! Brands’s dividend payout ratio is currently 48.65%.

Yum! Brands announced that its Board of Directors has authorized a stock buyback program on Friday, August 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the restaurant operator to repurchase up to 7.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Yum! Brands Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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

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