Dowling & Yahnke LLC raised its position in Yum! Brands, Inc. (NYSE:YUM) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 37,271 shares of the restaurant operator’s stock after buying an additional 54 shares during the period. Dowling & Yahnke LLC’s holdings in Yum! Brands were worth $2,749,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Yum! Brands during the first quarter worth about $432,000. Coastline Trust Co raised its stake in shares of Yum! Brands by 0.6% in the first quarter. Coastline Trust Co now owns 52,264 shares of the restaurant operator’s stock worth $3,340,000 after buying an additional 309 shares during the period. DnB Asset Management AS raised its stake in shares of Yum! Brands by 8.0% in the first quarter. DnB Asset Management AS now owns 41,877 shares of the restaurant operator’s stock worth $2,676,000 after buying an additional 3,100 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Yum! Brands by 2.7% in the first quarter. Capital Investment Advisors LLC now owns 4,829 shares of the restaurant operator’s stock worth $309,000 after buying an additional 125 shares during the period. Finally, Jolley Asset Management LLC raised its stake in shares of Yum! Brands by 13.5% in the first quarter. Jolley Asset Management LLC now owns 43,281 shares of the restaurant operator’s stock worth $2,766,000 after buying an additional 5,147 shares during the period. 73.98% of the stock is owned by institutional investors and hedge funds.

Shares of Yum! Brands, Inc. (YUM) opened at 76.28 on Tuesday. The company’s 50-day moving average is $74.45 and its 200 day moving average is $69.28. Yum! Brands, Inc. has a 1-year low of $59.57 and a 1-year high of $91.99. The stock has a market cap of $26.30 billion, a P/E ratio of 20.25 and a beta of 0.82.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. Yum! Brands’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. Equities research analysts anticipate that Yum! Brands, Inc. will post $2.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, July 12th. Yum! Brands’s dividend payout ratio is currently 33.15%.

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YUM has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, August 1st. BidaskClub upgraded shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Cowen and Company raised their target price on shares of Yum! Brands from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, May 4th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $78.00 target price (up previously from $75.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. Finally, Deutsche Bank AG restated a “hold” rating and set a $75.00 target price (up previously from $71.00) on shares of Yum! Brands in a research report on Monday, July 10th. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Yum! Brands has an average rating of “Buy” and a consensus price target of $78.64.

In related news, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the sale, the chief executive officer now directly owns 6,719 shares of the company’s stock, valued at approximately $495,996.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David W. Gibbs sold 8,336 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the sale, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at $2,935,136. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,294 shares of company stock valued at $833,488. 0.65% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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