Norinchukin Bank The Has $2.85 Million Holdings in Yum! Brands, Inc. (YUM)
Norinchukin Bank The cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 30.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,897 shares of the restaurant operator’s stock after selling 15,138 shares during the quarter. Norinchukin Bank The’s holdings in Yum! Brands were worth $2,848,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Calton & Associates Inc. bought a new stake in Yum! Brands during the 4th quarter worth about $102,000. Valeo Financial Advisors LLC bought a new stake in Yum! Brands during the 3rd quarter worth about $117,000. Trustcore Financial Services LLC bought a new stake in Yum! Brands during the 4th quarter worth about $118,000. Cerebellum GP LLC bought a new stake in Yum! Brands during the 4th quarter worth about $140,000. Finally, Advisory Services Network LLC lifted its position in Yum! Brands by 54.2% during the 4th quarter. Advisory Services Network LLC now owns 1,921 shares of the restaurant operator’s stock worth $157,000 after buying an additional 675 shares in the last quarter. 73.60% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Brian R. Niccol sold 927 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $83.46, for a total value of $77,367.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 2,294 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $84.90, for a total transaction of $194,760.60. Following the completion of the transaction, the chief executive officer now owns 10,160 shares in the company, valued at approximately $862,584. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,270 shares of company stock worth $438,570. 0.65% of the stock is owned by company insiders.
Yum! Brands, Inc. (NYSE YUM) opened at $78.08 on Wednesday. Yum! Brands, Inc. has a 52 week low of $62.85 and a 52 week high of $86.93. The company has a market cap of $26,310.00, a PE ratio of 20.60, a P/E/G ratio of 1.87 and a beta of 0.95. The company has a quick ratio of 1.65, a current ratio of 1.66 and a debt-to-equity ratio of -1.49.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, February 8th. The restaurant operator reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.16. Yum! Brands had a net margin of 22.80% and a negative return on equity of 17.27%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business earned $0.79 EPS. Yum! Brands’s quarterly revenue was down 16.4% on a year-over-year basis. equities analysts forecast that Yum! Brands, Inc. will post 3.28 earnings per share for the current year.
Yum! Brands declared that its Board of Directors has approved a share buyback plan on Friday, November 17th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Wednesday, February 14th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.84%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.30. Yum! Brands’s dividend payout ratio is 37.99%.
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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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