MUFG Securities EMEA plc Has $10.52 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)
MUFG Securities EMEA plc grew its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 64.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 95,023 shares of the restaurant operator’s stock after purchasing an additional 37,387 shares during the period. MUFG Securities EMEA plc’s holdings in Yum! Brands were worth $10,516,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Liberty Wealth Management LLC lifted its stake in Yum! Brands by 302.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 290 shares in the last quarter. Certified Advisory Corp purchased a new position in Yum! Brands in the second quarter valued at approximately $44,000. TRUE Private Wealth Advisors purchased a new position in Yum! Brands in the second quarter valued at approximately $54,000. Advisory Alpha LLC acquired a new position in Yum! Brands during the first quarter valued at approximately $50,000. Finally, Bremer Bank National Association acquired a new position in Yum! Brands during the first quarter valued at approximately $52,000. Institutional investors own 75.27% of the company’s stock.
In other Yum! Brands news, CEO Greg Creed sold 11,389 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $116.93, for a total value of $1,331,715.77. Following the transaction, the chief executive officer now directly owns 25,004 shares of the company’s stock, valued at approximately $2,923,717.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 1,572 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $109.93, for a total value of $172,809.96. Following the transaction, the chief financial officer now owns 43,516 shares of the company’s stock, valued at $4,783,713.88. The disclosure for this sale can be found here. Insiders sold 28,996 shares of company stock valued at $3,317,091 in the last three months. 0.67% of the stock is currently owned by company insiders.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm earned $0.82 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 3.87 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 19th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Friday, August 16th. Yum! Brands’s dividend payout ratio is currently 53.00%.
YUM has been the subject of several recent research reports. UBS Group increased their price objective on shares of Yum! Brands from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Citigroup set a $138.00 target price on shares of Yum! Brands and gave the company a “hold” rating in a report on Monday, August 12th. BMO Capital Markets upped their price target on shares of Yum! Brands to $112.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Longbow Research downgraded Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 price target for the company. in a report on Monday, July 1st. Finally, Edward Jones downgraded Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $110.65.
Yum! Brands Company 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: Market Capitalization in the Stock Market
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