Tokio Marine Asset Management Co. Ltd. lowered its stake in shares of Yum Brands Inc. (NYSE:YUM) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,733 shares of the restaurant operator’s stock after selling 1,044 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Yum Brands were worth $1,056,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Bank of Montreal Can acquired a new position in shares of Yum Brands during the second quarter valued at $51,915,000. Renaissance Technologies LLC acquired a new position in shares of Yum Brands during the first quarter valued at $41,760,000. Panagora Asset Management Inc. raised its position in shares of Yum Brands by 1,512.2% in the first quarter. Panagora Asset Management Inc. now owns 425,308 shares of the restaurant operator’s stock valued at $34,811,000 after buying an additional 398,927 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Yum Brands by 7.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,473,108 shares of the restaurant operator’s stock valued at $447,973,000 after buying an additional 382,331 shares during the last quarter. Finally, Tairen Capital Ltd acquired a new position in shares of Yum Brands during the second quarter valued at $17,176,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Yum Brands Inc. (NYSE:YUM) traded down 0.70% during mid-day trading on Tuesday, reaching $90.28. The company’s stock had a trading volume of 4,016,055 shares. The company has a 50-day moving average of $89.67 and a 200-day moving average of $85.16. Yum Brands Inc. has a 12 month low of $64.58 and a 12 month high of $91.99. The firm has a market cap of $35.20 billion, a PE ratio of 27.21 and a beta of 0.76.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.07 billion. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. Yum Brands’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS. On average, analysts predict that Yum Brands Inc. will post $3.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be issued a dividend of $0.51 per share. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio is 55.42%.
Several equities analysts recently weighed in on YUM shares. Robert W. Baird reaffirmed a “neutral” rating and set a $92.00 price objective on shares of Yum Brands in a research report on Wednesday, September 7th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $97.00 price target (up previously from $96.00) on shares of Yum Brands in a research report on Sunday. Zacks Investment Research lowered shares of Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Wells Fargo & Co. reissued a “market weight” rating and issued a $87.00 price target on shares of Yum Brands in a research report on Sunday. Finally, Vetr lowered shares of Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price target on the stock. in a research report on Monday, June 20th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. Yum Brands currently has an average rating of “Hold” and a consensus target price of $91.26.
In other news, VP David Eric Russell sold 5,213 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $90.00, for a total transaction of $469,170.00. Following the sale, the vice president now directly owns 14,428 shares of the company’s stock, valued at approximately $1,298,520. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Roger G. Eaton sold 53,518 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total value of $4,908,670.96. Following the sale, the chief executive officer now directly owns 245,736 shares in the company, valued at $22,538,905.92. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.
Yum Brands Company Profile
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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