Payden & Rygel continued to hold its position in shares of Yum! Brands, Inc. (NYSE:YUM) during the first quarter, Holdings Channel reports. The firm owned 161,900 shares of the restaurant operator’s stock at the end of the first quarter. Payden & Rygel’s holdings in Yum! Brands were worth $10,345,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in YUM. Norges Bank purchased a new position in shares of Yum! Brands during the fourth quarter valued at about $244,932,000. Renaissance Technologies LLC purchased a new position in shares of Yum! Brands during the fourth quarter valued at about $53,881,000. Bank of New York Mellon Corp increased its position in shares of Yum! Brands by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock valued at $453,737,000 after buying an additional 755,288 shares during the last quarter. Janus Capital Management LLC increased its position in shares of Yum! Brands by 101.6% in the fourth quarter. Janus Capital Management LLC now owns 1,461,260 shares of the restaurant operator’s stock valued at $92,541,000 after buying an additional 736,459 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Yum! Brands by 1,531.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 713,119 shares of the restaurant operator’s stock valued at $45,180,000 after buying an additional 669,416 shares during the last quarter. 74.84% of the stock is currently owned by institutional investors and hedge funds.

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

Yum! Brands, Inc. (NYSE YUM) opened at 72.78 on Friday. The firm’s 50-day moving average is $70.85 and its 200 day moving average is $66.29. The firm has a market capitalization of $25.34 billion, a price-to-earnings ratio of 18.33 and a beta of 0.74. Yum! Brands, Inc. has a one year low of $56.89 and a one year high of $74.50.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, May 3rd. The restaurant operator reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.05. Yum! Brands had a net margin of 15.44% and a negative return on equity of 37.63%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company earned $0.95 earnings per share. Yum! Brands’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts forecast that Yum! Brands, Inc. will post $2.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Investors of record on Friday, July 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, July 12th. Yum! Brands’s payout ratio is currently 31.17%.

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A number of research firms have weighed in on YUM. Evercore ISI raised shares of Yum! Brands from an “in-line” rating to an “outperform” rating in a research note on Friday, March 10th. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Wednesday, April 12th. Royal Bank Of Canada increased their price target on shares of Yum! Brands from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a $71.00 price target (up previously from $68.00) on shares of Yum! Brands in a research note on Tuesday, May 30th. Finally, Citigroup Inc. increased their price target on shares of Yum! Brands from $67.00 to $71.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Yum! Brands has a consensus rating of “Hold” and a consensus price target of $77.70.

In related news, CFO David W. Gibbs sold 8,125 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $68.83, for a total transaction of $559,243.75. Following the completion of the transaction, the chief financial officer now directly owns 39,181 shares in the company, valued at approximately $2,696,828.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian R. Niccol sold 1,471 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $72.64, for a total transaction of $106,853.44. Following the transaction, the chief executive officer now owns 6,712 shares of the company’s stock, valued at $487,559.68. The disclosure for this sale can be found here. 7.38% of the stock is owned by corporate 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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