K.J. Harrison & Partners Inc decreased its position in shares of Yum Brands Inc. (NYSE:YUM) by 17.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,700 shares of the restaurant operator’s stock after selling 3,650 shares during the period. K.J. Harrison & Partners Inc’s holdings in Yum Brands were worth $1,385,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Tairen Capital Ltd purchased a new stake in Yum Brands during the second quarter worth about $17,176,000. Smith Asset Management Group LP purchased a new stake in Yum Brands during the second quarter worth about $16,815,000. RS Investment Management Co. LLC purchased a new stake in Yum Brands during the second quarter worth about $3,168,000. Investment House LLC increased its stake in Yum Brands by 2.7% in the second quarter. Investment House LLC now owns 36,969 shares of the restaurant operator’s stock worth $3,065,000 after buying an additional 955 shares during the period. Finally, Bank of Montreal Can purchased a new stake in Yum Brands during the second quarter worth about $51,915,000. 76.14% of the stock is owned by hedge funds and other institutional investors.
Shares of Yum Brands Inc. (NYSE:YUM) traded down 1.24% during trading on Monday, reaching $89.52. The company had a trading volume of 3,555,731 shares. Yum Brands Inc. has a 12-month low of $64.58 and a 12-month high of $91.99. The firm has a 50-day moving average of $89.52 and a 200-day moving average of $84.64. The company has a market cap of $34.90 billion, a P/E ratio of 26.98 and a beta of 0.81.
Yum Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.07 billion. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. On average, equities research analysts anticipate that Yum Brands Inc. will post $3.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be given a $0.51 dividend. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.28%. Yum Brands’s dividend payout ratio (DPR) is currently 55.42%.
A number of equities research analysts have issued reports on the company. Vetr raised Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price target for the company in a research report on Monday. RBC Capital Markets downgraded Yum Brands from a “top pick” rating to an “outperform” rating and set a $97.00 price target for the company. in a research report on Friday. They noted that the move was a valuation call. Royal Bank Of Canada cut Yum Brands from a “top pick” rating to an “outperform” rating and set a $97.00 price objective on the stock. in a research note on Friday. Zacks Investment Research cut Yum Brands from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. Finally, Citigroup Inc. boosted their price objective on Yum Brands from $88.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $89.91.
In related news, VP David Eric Russell sold 5,213 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the completion of the sale, the vice president now owns 14,428 shares in the company, valued at $1,298,520. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Muktesh Pant sold 91,228 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the completion of the sale, the chief executive officer now owns 62,660 shares of the company’s stock, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.
About Yum Brands
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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