Principal Financial Group Inc. boosted its position in Yum! Brands, Inc. (NYSE:YUM) by 7.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,062,777 shares of the restaurant operator’s stock after buying an additional 77,231 shares during the period. Principal Financial Group Inc. owned approximately 0.31% of Yum! Brands worth $78,231,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new stake in Yum! Brands in the 2nd quarter valued at about $104,000. Kistler Tiffany Companies LLC increased its holdings in Yum! Brands by 0.5% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 7 shares in the last quarter. Founders Capital Management increased its holdings in Yum! Brands by 164.5% during the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 1,020 shares in the last quarter. Bruderman Asset Management LLC bought a new stake in Yum! Brands during the 2nd quarter worth approximately $148,000. Finally, Parallel Advisors LLC increased its holdings in Yum! Brands by 8.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,399 shares of the restaurant operator’s stock worth $181,000 after purchasing an additional 197 shares in the last quarter. 72.53% of the stock is owned by institutional investors and hedge funds.
In other Yum! Brands news, CEO Brian R. Niccol sold 3,588 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.90, for a total transaction of $286,681.20. Following the sale, the chief executive officer now owns 15,075 shares in the company, valued at $1,204,492.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David W. Gibbs sold 4,318 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $80.56, for a total value of $347,858.08. Following the sale, the chief financial officer now owns 39,396 shares in the company, valued at approximately $3,173,741.76. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.
A number of brokerages have commented on YUM. Nomura boosted their price objective on Yum! Brands from $85.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Robert W. Baird boosted their price objective on Yum! Brands from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Jefferies Group LLC boosted their price objective on Yum! Brands from $66.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. UBS AG reissued a “positive” rating and set a $89.00 price objective (up from $83.00) on shares of Yum! Brands in a report on Friday, November 3rd. Finally, Cowen and Company reissued a “buy” rating and set a $91.00 price objective on shares of Yum! Brands in a report on Friday, November 3rd. Twelve research 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 stock. The company presently has a consensus rating of “Buy” and a consensus target price of $80.95.
Shares of Yum! Brands, Inc. (YUM) opened at $79.83 on Monday. The stock has a market capitalization of $26,821.33, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.86. Yum! Brands, Inc. has a 12-month low of $60.34 and a 12-month high of $81.65. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of -1.55.
Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.39 billion. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 earnings per share. sell-side analysts forecast that Yum! Brands, Inc. will post 2.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Yum! Brands’s dividend payout ratio is currently 37.04%.
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.
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