Wealth Enhancement Advisory Services LLC bought a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,529 shares of the restaurant operator’s stock, valued at approximately $2,342,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of Yum! Brands by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 755,600 shares of the restaurant operator’s stock worth $69,456,000 after acquiring an additional 11,988 shares in the last quarter. Geode Capital Management LLC grew its holdings in Yum! Brands by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock valued at $356,348,000 after purchasing an additional 260,681 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Yum! Brands during the 1st quarter valued at $713,000. Raymond James Trust N.A. grew its holdings in Yum! Brands by 11.2% during the 1st quarter. Raymond James Trust N.A. now owns 12,611 shares of the restaurant operator’s stock valued at $1,259,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Pennsylvania Trust Co grew its holdings in Yum! Brands by 824.5% during the 1st quarter. Pennsylvania Trust Co now owns 130,241 shares of the restaurant operator’s stock valued at $10,579,000 after purchasing an additional 116,153 shares in the last quarter. 74.97% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the stock. MKM Partners assumed coverage on shares of Yum! Brands in a report on Tuesday. They set a “neutral” rating and a $125.00 price target for the company. Edward Jones downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. Stifel Nicolaus increased their price objective on shares of Yum! Brands from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley increased their price objective on shares of Yum! Brands from $106.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird reiterated an “outperform” rating and set a $112.00 price objective on shares of Yum! Brands in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. Yum! Brands currently has a consensus rating of “Hold” and a consensus target price of $110.65.
Shares of Yum! Brands stock traded up $0.36 during trading hours on Thursday, reaching $115.91. The company’s stock had a trading volume of 48,426 shares, compared to its average volume of 1,465,942. The business’s 50 day moving average price is $113.16. Yum! Brands, Inc. has a one year low of $82.14 and a one year high of $119.72. The stock has a market capitalization of $35.49 billion, a PE ratio of 36.62, a P/E/G ratio of 2.46 and a beta of 0.53.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.06. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm posted $0.82 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts forecast that Yum! Brands, Inc. will post 3.87 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 19th will be given a $0.42 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.45%. Yum! Brands’s payout ratio is currently 53.00%.
Yum! Brands Company Profile
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.
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