Shell Asset Management Co. decreased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,884 shares of the restaurant operator’s stock after selling 4,171 shares during the quarter. Shell Asset Management Co.’s holdings in Yum! Brands were worth $7,325,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Nicholas Hoffman & Company LLC. boosted its stake in shares of Yum! Brands by 50.3% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 3,555 shares of the restaurant operator’s stock worth $244,000 after acquiring an additional 1,189 shares in the last quarter. Royal Fund Management LLC purchased a new stake in Yum! Brands in the 1st quarter valued at approximately $104,000. Northwestern Mutual Investment Management Company LLC lifted its stake in Yum! Brands by 34.1% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 15,753 shares of the restaurant operator’s stock valued at $1,080,000 after buying an additional 4,004 shares in the last quarter. AGF Investments Inc. purchased a new stake in Yum! Brands in the 1st quarter valued at approximately $215,000. Finally, Commerce Bank lifted its stake in Yum! Brands by 1.2% in the 1st quarter. Commerce Bank now owns 135,489 shares of the restaurant operator’s stock valued at $9,284,000 after buying an additional 1,603 shares in the last quarter. 74.59% of the stock is currently owned by institutional investors and hedge funds.
NYSE YUM traded down $0.76 during trading hours on Friday, hitting $87.25. The company had a trading volume of 2,240,159 shares, compared to its average volume of 2,307,283. Yum! Brands, Inc. has a fifty-two week low of $54.95 and a fifty-two week high of $119.72. The company has a market capitalization of $26.49 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 2.55 and a beta of 0.95. The firm’s 50 day moving average is $81.45 and its 200 day moving average is $92.50.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Yum! Brands had a net margin of 19.89% and a negative return on equity of 12.97%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that Yum! Brands, Inc. will post 2.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a $0.47 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.88 annualized dividend and a yield of 2.15%. Yum! Brands’s dividend payout ratio is currently 52.96%.
YUM has been the topic of a number of recent research reports. Credit Suisse Group upped their target price on Yum! Brands from $79.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. BMO Capital Markets increased their price target on Yum! Brands from $93.00 to $95.00 and gave the stock a “market perform” rating in a research note on Thursday, April 30th. Goldman Sachs Group raised Yum! Brands to a “buy” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. reduced their price target on Yum! Brands from $106.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Finally, BTIG Research lowered Yum! Brands from a “buy” rating to a “neutral” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and seven have given a buy rating to the stock. Yum! Brands has a consensus rating of “Hold” and an average target price of $99.52.
In other news, CEO Anthony Lowings sold 4,260 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 52,514 shares in the company, valued at $4,406,449.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 4,737 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $65.00, for a total value of $307,905.00. Following the sale, the chief executive officer now owns 80,335 shares of the company’s stock, valued at $5,221,775. The disclosure for this sale can be found here. Insiders have sold 14,421 shares of company stock valued at $1,123,093 over the last 90 days. Insiders own 0.72% of the company’s stock.
About Yum! Brands
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.
Featured Story: Investing in Blue-Chip Stocks
Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.