Yum! Brands, Inc. (YUM) Shares Bought by HL Financial Services LLC

HL Financial Services LLC increased its stake in Yum! Brands, Inc. (NYSE:YUM) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,953 shares of the restaurant operator’s stock after acquiring an additional 2,243 shares during the period. HL Financial Services LLC’s holdings in Yum! Brands were worth $1,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Yum! Brands by 3.3% in the second quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock worth $1,667,335,000 after acquiring an additional 711,910 shares in the last quarter. Magellan Asset Management Ltd grew its position in Yum! Brands by 2.0% in the second quarter. Magellan Asset Management Ltd now owns 15,446,852 shares of the restaurant operator’s stock worth $1,139,360,000 after acquiring an additional 308,387 shares in the last quarter. FMR LLC grew its position in Yum! Brands by 9.2% in the second quarter. FMR LLC now owns 3,011,009 shares of the restaurant operator’s stock worth $222,092,000 after acquiring an additional 254,573 shares in the last quarter. Ameriprise Financial Inc. grew its position in Yum! Brands by 5.9% in the second quarter. Ameriprise Financial Inc. now owns 2,405,149 shares of the restaurant operator’s stock worth $177,414,000 after acquiring an additional 133,158 shares in the last quarter. Finally, Coronation Fund Managers Ltd. grew its position in Yum! Brands by 8.5% in the second quarter. Coronation Fund Managers Ltd. now owns 2,169,235 shares of the restaurant operator’s stock worth $160,003,000 after acquiring an additional 170,386 shares in the last quarter. Institutional investors own 72.15% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE YUM) traded up $0.06 during trading hours on Friday, reaching $79.59. 1,604,200 shares of the company were exchanged, compared to its average volume of 1,999,123. The company has a market capitalization of $26,821.35, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.86. Yum! Brands, Inc. has a 52 week low of $60.34 and a 52 week high of $81.65. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -1.55.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. Yum! Brands’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share. equities analysts anticipate that Yum! Brands, Inc. will post 2.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Tuesday, November 14th. Yum! Brands’s dividend payout ratio (DPR) is 37.04%.

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In related news, CEO Brian R. Niccol sold 3,588 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $79.90, for a total value of $286,681.20. Following the completion of the transaction, the chief executive officer now owns 15,075 shares of the company’s stock, valued at $1,204,492.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David W. Gibbs sold 4,318 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $80.56, for a total transaction of $347,858.08. Following the completion of the transaction, the chief financial officer now directly owns 39,396 shares of the company’s stock, valued at approximately $3,173,741.76. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.

Several research analysts recently commented on YUM shares. Jefferies Group LLC lifted their price target on Yum! Brands from $66.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. BMO Capital Markets lifted their price target on Yum! Brands from $77.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $80.00 price target on shares of Yum! Brands in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $85.00 price target on shares of Yum! Brands in a research report on Monday, October 30th. Finally, Argus reiterated a “buy” rating and issued a $88.00 price target (up previously from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Twelve analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $80.95.

Yum! Brands 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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