Yum! Brands, Inc. (YUM) Position Lifted by Sigma Planning Corp
Sigma Planning Corp boosted its position in Yum! Brands, Inc. (NYSE:YUM) by 26.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,552 shares of the restaurant operator’s stock after acquiring an additional 734 shares during the quarter. Sigma Planning Corp’s holdings in Yum! Brands were worth $261,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in YUM. Pioneer Investment Management Inc. bought a new position in Yum! Brands in the second quarter valued at approximately $104,149,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Yum! Brands in the second quarter valued at approximately $102,713,000. Prudential Financial Inc. boosted its position in Yum! Brands by 224.3% in the second quarter. Prudential Financial Inc. now owns 1,549,775 shares of the restaurant operator’s stock valued at $114,311,000 after buying an additional 1,071,899 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new stake in Yum! Brands in the second quarter valued at approximately $56,123,000. Finally, Vanguard Group Inc. boosted its position in Yum! Brands by 3.3% in the second quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock valued at $1,667,335,000 after buying an additional 711,910 shares in the last quarter. 72.53% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on YUM shares. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, August 1st. Nomura raised their target price on shares of Yum! Brands from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Stifel Nicolaus started coverage on shares of Yum! Brands in a research report on Monday, October 2nd. They issued a “buy” rating and a $88.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $83.00 target price on shares of Yum! Brands in a research report on Monday, September 11th. Finally, Barclays PLC raised their target price on shares of Yum! Brands from $74.00 to $78.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Twelve research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $80.95.
In other Yum! Brands news, CEO Brian R. Niccol sold 3,588 shares of Yum! Brands stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $79.90, for a total value of $286,681.20. Following the completion of the sale, the chief executive officer now directly owns 15,075 shares of the company’s stock, valued at $1,204,492.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David W. Gibbs sold 4,318 shares of Yum! Brands stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total transaction of $347,858.08. Following the completion of the sale, the chief financial officer now directly owns 39,396 shares of the company’s stock, valued at $3,173,741.76. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.
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Yum! Brands, Inc. (YUM) traded up $0.06 on Friday, reaching $78.60. 1,482,056 shares of the company’s stock traded hands, compared to its average volume of 2,236,822. Yum! Brands, Inc. has a 12-month low of $61.38 and a 12-month high of $81.65. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of -1.55. The company has a market capitalization of $26,470.00, a P/E ratio of 28.37, a P/E/G ratio of 2.41 and a beta of 0.88.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. analysts forecast that Yum! Brands, Inc. will post 2.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s dividend payout ratio (DPR) is currently 70.18%.
Yum! Brands 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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