Pitcairn Co. Decreases Position in Yum! Brands, Inc. (YUM)
Pitcairn Co. lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,196 shares of the restaurant operator’s stock after selling 48 shares during the period. Pitcairn Co.’s holdings in Yum! Brands were worth $1,121,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Wedbush Securities Inc. raised its position in Yum! Brands by 16.8% in the second quarter. Wedbush Securities Inc. now owns 4,672 shares of the restaurant operator’s stock worth $345,000 after buying an additional 672 shares during the last quarter. Sigma Planning Corp bought a new position in Yum! Brands during the second quarter worth approximately $208,000. First Mercantile Trust Co. bought a new position in Yum! Brands during the second quarter worth approximately $212,000. Teacher Retirement System of Texas raised its position in Yum! Brands by 10.6% in the second quarter. Teacher Retirement System of Texas now owns 820,110 shares of the restaurant operator’s stock worth $60,491,000 after buying an additional 78,481 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Yum! Brands by 11.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 315,643 shares of the restaurant operator’s stock worth $23,279,000 after buying an additional 33,073 shares during the last quarter. 73.75% of the stock is owned by institutional investors and hedge funds.
Yum! Brands, Inc. (NYSE YUM) opened at 75.56 on Friday. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $76.62. The company has a 50-day moving average of $74.41 and a 200-day moving average of $69.15. The stock has a market capitalization of $26.05 billion, a price-to-earnings ratio of 20.06 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts forecast that Yum! Brands, Inc. will post $2.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Friday, July 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.59%. Yum! Brands’s payout ratio is currently 33.15%.
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A number of equities analysts have recently commented on YUM shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a $71.00 price target (up from $68.00) on shares of Yum! Brands in a report on Tuesday, May 30th. Royal Bank Of Canada raised their price target on Yum! Brands from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Thursday, July 20th. CIBC raised their price target on Yum! Brands from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, May 30th. Finally, Goldman Sachs Group, Inc. (The) raised Yum! Brands from a “sell” rating to a “neutral” rating and raised their price target for the stock from $57.00 to $65.00 in a report on Thursday, May 11th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $78.64.
In other news, CEO Brian R. Niccol sold 1,471 shares of Yum! Brands 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 completion of the sale, the chief executive officer now directly owns 6,712 shares in the company, valued at $487,559.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David W. Gibbs sold 8,336 shares of Yum! Brands 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 owns 39,664 shares of the company’s stock, valued at $2,935,136. The disclosure for this sale can be found here. Insiders have sold 11,294 shares of company stock valued at $833,488 over the last quarter. Insiders own 7.38% of the company’s stock.
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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