Brinker Capital Inc. Purchases 3,943 Shares of Yum! Brands, Inc. (YUM)
Brinker Capital Inc. raised its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 96,517 shares of the restaurant operator’s stock after buying an additional 3,943 shares during the quarter. Brinker Capital Inc.’s holdings in Yum! Brands were worth $8,872,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of Yum! Brands by 2.4% during the 4th quarter. BlackRock Inc. now owns 21,595,217 shares of the restaurant operator’s stock valued at $1,985,033,000 after buying an additional 496,648 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Yum! Brands by 2.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 7,386,140 shares of the restaurant operator’s stock valued at $671,474,000 after buying an additional 178,182 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Yum! Brands by 6,899.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 5,832,264 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Yum! Brands by 5.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,459,185 shares of the restaurant operator’s stock valued at $496,295,000 after buying an additional 264,177 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Yum! Brands by 2.0% during the 4th quarter. Northern Trust Corp now owns 3,931,459 shares of the restaurant operator’s stock valued at $361,380,000 after buying an additional 78,678 shares in the last quarter. Institutional investors and hedge funds own 72.49% of the company’s stock.
YUM has been the topic of a number of analyst reports. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Monday, February 11th. Cowen reaffirmed a “buy” rating and set a $100.00 price objective on shares of Yum! Brands in a research report on Sunday, December 2nd. Finally, BMO Capital Markets lifted their price objective on Yum! Brands to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $93.46.
NYSE YUM opened at $100.90 on Friday. Yum! Brands, Inc. has a 12 month low of $77.09 and a 12 month high of $100.93. The company has a market capitalization of $30.92 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.57). Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts anticipate that Yum! Brands, Inc. will post 3.8 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 14th were issued a $0.42 dividend. The ex-dividend date was Wednesday, February 13th. This is a boost from Yum! Brands’s previous quarterly dividend of $0.36. This represents a $1.68 dividend on an annualized basis and a yield of 1.67%. Yum! Brands’s payout ratio is currently 53.00%.
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Yum! Brands 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.
Further Reading: Average Daily Trade Volume Explained
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