Liberty Mutual Group Asset Management Inc. lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,284 shares of the restaurant operator’s stock after selling 4,317 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Yum! Brands were worth $3,724,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of YUM. YorkBridge Wealth Partners LLC raised its stake in shares of Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 512 shares in the last quarter. Coconut Grove Bank raised its stake in shares of Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock valued at $119,000 after buying an additional 850 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Yum! Brands during the fourth quarter valued at about $121,000. Bartlett & Co. LLC increased its stake in shares of Yum! Brands by 3.6% in the first quarter. Bartlett & Co. LLC now owns 1,992 shares of the restaurant operator’s stock valued at $127,000 after buying an additional 70 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Yum! Brands by 5.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock valued at $130,000 after buying an additional 114 shares during the last quarter. 73.55% of the stock is owned by institutional investors and hedge funds.
Yum! Brands, Inc. (YUM) traded down 0.81% during midday trading on Friday, hitting $75.00. The company had a trading volume of 2,050,445 shares. Yum! Brands, Inc. has a 52 week low of $59.57 and a 52 week high of $75.63. The stock has a 50 day moving average price of $73.84 and a 200-day moving average price of $68.40. The stock has a market capitalization of $26.12 billion, a PE ratio of 18.89 and a beta of 0.82.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, May 3rd. The restaurant operator reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.05. Yum! Brands had a negative return on equity of 37.63% and a net margin of 15.44%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business posted $0.95 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities analysts predict that Yum! Brands, Inc. will post $2.77 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Investors of record on Friday, July 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Wednesday, July 12th. Yum! Brands’s dividend payout ratio is currently 31.17%.
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YUM has been the subject of several recent research reports. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Wednesday, April 12th. Deutsche Bank AG reiterated a “hold” rating and issued a $71.00 price objective (up previously from $68.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. Royal Bank Of Canada upped their target price on Yum! Brands from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 4th. CIBC upped their target price on Yum! Brands from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, May 30th. Finally, Goldman Sachs Group, Inc. (The) upgraded Yum! Brands from a “sell” rating to a “neutral” rating and upped their target price for the company from $57.00 to $65.00 in a report on Thursday, May 11th. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $77.41.
In related news, CEO Brian R. Niccol sold 1,487 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian R. Niccol sold 1,471 shares of Yum! Brands stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $72.64, for a total value of $106,853.44. Following the transaction, the chief executive officer now directly owns 6,712 shares of the company’s stock, valued at approximately $487,559.68. The disclosure for this sale can be found here. Insiders sold a total of 11,083 shares of company stock worth $775,868 over the last 90 days. 7.38% of the stock is currently owned by company insiders.
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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