ING Groep NV decreased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 99.0% during the second quarter, Holdings Channel reports. The fund owned 4,015 shares of the restaurant operator’s stock after selling 395,670 shares during the period. ING Groep NV’s holdings in Yum! Brands were worth $296,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of YUM. Howland Capital Management LLC raised its stake in Yum! Brands by 11.7% in the first quarter. Howland Capital Management LLC now owns 157,474 shares of the restaurant operator’s stock worth $10,063,000 after buying an additional 16,432 shares during the last quarter. South State Corp raised its stake in Yum! Brands by 13.9% in the first quarter. South State Corp now owns 56,768 shares of the restaurant operator’s stock worth $3,627,000 after buying an additional 6,931 shares during the last quarter. Windsor Capital Management LLC raised its stake in Yum! Brands by 7.6% in the first quarter. Windsor Capital Management LLC now owns 9,855 shares of the restaurant operator’s stock worth $629,000 after buying an additional 693 shares during the last quarter. Parametrica Management Ltd bought a new stake in Yum! Brands during the first quarter worth approximately $311,000. Finally, Morgan Stanley raised its stake in Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock worth $303,987,000 after buying an additional 2,148,751 shares during the last quarter. 73.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Yum! Brands, Inc. (NYSE:YUM) traded up 0.56% during midday trading on Thursday, hitting $75.49. The company had a trading volume of 1,015,978 shares. The company’s 50 day moving average is $74.35 and its 200 day moving average is $69.02. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $76.62. The firm has a market cap of $26.04 billion, a price-to-earnings ratio of 20.04 and a beta of 0.82.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. Equities analysts forecast that Yum! Brands, Inc. will post $2.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. Yum! Brands’s dividend payout ratio (DPR) is presently 33.15%.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.watchlistnews.com/ing-groep-nv-has-296000-position-in-yum-brands-inc-nyseyum/1468552.html.

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

In related news, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,471 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total value of $106,853.44. Following the sale, the chief executive officer now owns 6,712 shares in the company, valued at $487,559.68. The disclosure for this sale can be found here. 7.38% of the stock is owned by corporate insiders.

About Yum! Brands

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.

Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM).

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

Receive News & Ratings for Yum! Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.