Yum! Brands, Inc. (NYSE:YUM) Position Trimmed by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 8.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 519,103 shares of the restaurant operator’s stock after selling 45,976 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Yum! Brands were worth $56,157,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of YUM. GPS Wealth Strategies Group LLC purchased a new stake in Yum! Brands in the 1st quarter worth approximately $28,000. Evoke Wealth LLC lifted its position in Yum! Brands by 964.0% in the 1st quarter. Evoke Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $29,000 after buying an additional 241 shares in the last quarter. Childress Capital Advisors LLC purchased a new stake in Yum! Brands in the 4th quarter worth approximately $30,000. Selective Wealth Management Inc. purchased a new stake in Yum! Brands in the 1st quarter worth approximately $32,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in Yum! Brands in the 1st quarter worth approximately $32,000. 77.24% of the stock is owned by hedge funds and other institutional investors.

In other Yum! Brands news, COO Tracy L. Skeans sold 10,838 shares of the business’s stock in a transaction dated Monday, May 24th. The shares were sold at an average price of $120.16, for a total value of $1,302,294.08. Following the transaction, the chief operating officer now directly owns 16,242 shares in the company, valued at $1,951,638.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David W. Gibbs sold 1,354 shares of the business’s stock in a transaction dated Thursday, July 15th. The shares were sold at an average price of $116.81, for a total transaction of $158,160.74. Following the completion of the transaction, the chief executive officer now owns 22,255 shares in the company, valued at $2,599,606.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,914 shares of company stock worth $7,577,087. Company insiders own 0.37% of the company’s stock.

A number of research analysts have recently weighed in on YUM shares. Atlantic Securities started coverage on shares of Yum! Brands in a report on Tuesday, April 6th. They set a “neutral” rating and a $118.00 price target on the stock. Stifel Nicolaus raised their price target on shares of Yum! Brands from $115.00 to $125.00 and gave the company a “buy” rating in a report on Monday, April 26th. Wells Fargo & Company raised their price target on shares of Yum! Brands from $125.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, April 13th. Robert W. Baird raised their price target on shares of Yum! Brands from $127.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, April 29th. Finally, BMO Capital Markets raised their price target on shares of Yum! Brands from $105.00 to $120.00 in a report on Thursday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $118.72.

NYSE YUM opened at $116.77 on Thursday. The stock has a fifty day moving average of $117.90. Yum! Brands, Inc. has a 52-week low of $88.08 and a 52-week high of $122.72. The firm has a market cap of $34.79 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, April 27th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.20. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.45 billion. Yum! Brands had a net margin of 19.52% and a negative return on equity of 15.62%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. Equities research analysts forecast that Yum! Brands, Inc. will post 4.14 earnings per share for the current year.

Yum! Brands declared that its Board of Directors has authorized a share buyback program on Monday, May 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, June 11th. Shareholders of record on Friday, May 28th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 27th. This represents a $2.00 dividend on an annualized basis and a yield of 1.71%. Yum! Brands’s dividend payout ratio (DPR) is presently 55.25%.

About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Pizza Hut Division, the Taco Bell Division, and the Habit Burger Grill Division. The company operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.

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

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