Public Employees Retirement System of Ohio Has $15,527,000 Stake in Yum! Brands, Inc. (YUM)

Public Employees Retirement System of Ohio maintained its stake in Yum! Brands, Inc. (NYSE:YUM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 242,987 shares of the restaurant operator’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned 0.07% of Yum! Brands worth $15,527,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in YUM. Wetherby Asset Management Inc. increased its position in Yum! Brands by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 5,725 shares of the restaurant operator’s stock valued at $366,000 after buying an additional 28 shares during the last quarter. FTB Advisors Inc. increased its position in Yum! Brands by 1.0% in the first quarter. FTB Advisors Inc. now owns 3,260 shares of the restaurant operator’s stock valued at $208,000 after buying an additional 31 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in Yum! Brands by 0.5% in the first quarter. Kornitzer Capital Management Inc. KS now owns 10,800 shares of the restaurant operator’s stock valued at $690,000 after buying an additional 50 shares in the last quarter. Bartlett & Co. LLC increased its position in 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 in the last quarter. Finally, InterOcean Capital LLC increased its position in Yum! Brands by 0.8% in the first quarter. InterOcean Capital LLC now owns 10,921 shares of the restaurant operator’s stock valued at $698,000 after buying an additional 86 shares in the last quarter. Institutional investors own 73.75% of the company’s stock.

Yum! Brands, Inc. (NYSE YUM) traded down 1.05% during trading on Tuesday, hitting $74.20. 1,409,739 shares of the stock were exchanged. The company has a market cap of $25.84 billion, a price-to-earnings ratio of 18.69 and a beta of 0.82. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $76.62. The stock’s 50 day moving average is $74.25 and its 200-day moving average is $68.76.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the company earned $0.75 earnings per share. Yum! Brands’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts expect that Yum! Brands, Inc. will post $2.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.20 annualized dividend and a yield of 1.62%. Yum! Brands’s dividend payout ratio (DPR) is presently 33.15%.

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Several equities analysts have recently weighed in on YUM shares. Argus raised shares of Yum! Brands from a “hold” rating to a “buy” rating and raised their price target for the stock from $69.95 to $80.00 in a research note on Tuesday, May 16th. Zacks Investment Research upgraded shares of 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. Instinet restated a “buy” rating and set a $78.00 price objective on shares of Yum! Brands in a research report on Sunday, May 28th. BidaskClub cut shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $75.00 price objective on shares of Yum! Brands in a research report on Thursday, June 15th. Fourteen investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $78.64.

In other news, CFO David W. Gibbs sold 8,125 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $68.83, for a total value of $559,243.75. Following the completion of the sale, the chief financial officer now directly owns 39,181 shares of the company’s stock, valued at $2,696,828.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian R. Niccol sold 1,471 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $72.64, for a total value of $106,853.44. Following the completion of the sale, the chief executive officer now directly owns 6,712 shares of the company’s stock, valued at $487,559.68. The disclosure for this sale can be found here. Insiders have sold 11,083 shares of company stock valued at $775,868 over the last three months. Insiders own 0.65% of the company’s stock.

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.

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

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