Brinker Capital Inc. increased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 26.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,375 shares of the restaurant operator’s stock after acquiring an additional 25,697 shares during the quarter. Brinker Capital Inc.’s holdings in Yum! Brands were worth $12,528,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its holdings in shares of Yum! Brands by 1,415.8% during the third quarter. Global Retirement Partners LLC now owns 11,111 shares of the restaurant operator’s stock worth $1,260,000 after buying an additional 10,378 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Yum! Brands by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 185,458 shares of the restaurant operator’s stock valued at $21,037,000 after purchasing an additional 892 shares during the last quarter. Arrow Financial Corp boosted its position in Yum! Brands by 29.1% during the fourth quarter. Arrow Financial Corp now owns 4,675 shares of the restaurant operator’s stock valued at $471,000 after purchasing an additional 1,055 shares during the last quarter. Bank of Stockton boosted its position in Yum! Brands by 3.0% during the fourth quarter. Bank of Stockton now owns 8,491 shares of the restaurant operator’s stock valued at $855,000 after purchasing an additional 251 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its position in Yum! Brands by 567.1% during the third quarter. Nomura Holdings Inc. now owns 207,527 shares of the restaurant operator’s stock valued at $23,323,000 after purchasing an additional 176,417 shares during the last quarter. Institutional investors and hedge funds own 76.24% of the company’s stock.
Several research analysts recently commented on the company. Argus cut Yum! Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Deutsche Bank assumed coverage on Yum! Brands in a research report on Friday, February 14th. They set a “hold” rating and a $97.00 price target for the company. BTIG Research cut Yum! Brands from a “buy” rating to a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Co reduced their price target on Yum! Brands from $107.00 to $104.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, Cowen cut Yum! Brands from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $117.00 to $109.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $110.83.
In other Yum! Brands news, CEO Anthony Lowings sold 4,260 shares of Yum! Brands stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $83.91, for a total transaction of $357,456.60. Following the transaction, the chief executive officer now directly owns 52,514 shares of the company’s stock, valued at approximately $4,406,449.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greg Creed sold 45,113 shares of Yum! Brands stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $102.35, for a total value of $4,617,315.55. Following the transaction, the director now directly owns 194,619 shares in the company, valued at $19,919,254.65. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.
Shares of NYSE YUM traded up $1.78 during mid-day trading on Thursday, hitting $74.65. 52,700 shares of the stock traded hands, compared to its average volume of 3,906,587. Yum! Brands, Inc. has a twelve month low of $54.95 and a twelve month high of $119.72. The company has a market cap of $20.96 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.40 and a beta of 0.53. The firm has a 50 day simple moving average of $90.07 and a two-hundred day simple moving average of $101.53.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, February 6th. The restaurant operator reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.13). The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. Yum! Brands had a negative return on equity of 13.90% and a net margin of 23.12%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. On average, equities analysts anticipate that Yum! Brands, Inc. will post 3.83 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 14th were issued a dividend of $0.47 per share. The ex-dividend date was Thursday, February 13th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a yield of 2.52%. Yum! Brands’s payout ratio is presently 52.96%.
Yum! Brands Company 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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