Yum! Brands, Inc. (YUM) Shares Bought by Howland Capital Management LLC
Howland Capital Management LLC increased its position in Yum! Brands, Inc. (NYSE:YUM) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,688 shares of the restaurant operator’s stock after acquiring an additional 985 shares during the period. Howland Capital Management LLC’s holdings in Yum! Brands were worth $11,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC purchased a new position in Yum! Brands in the 2nd quarter worth $104,000. Kistler Tiffany Companies LLC raised its stake in Yum! Brands by 0.5% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after acquiring an additional 7 shares during the last quarter. Founders Capital Management raised its stake in Yum! Brands by 164.5% in the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after acquiring an additional 1,020 shares during the last quarter. Bruderman Asset Management LLC purchased a new position in Yum! Brands in the 2nd quarter worth $148,000. Finally, Sun Life Financial INC raised its stake in Yum! Brands by 19,991.7% in the 2nd quarter. Sun Life Financial INC now owns 2,411 shares of the restaurant operator’s stock worth $178,000 after acquiring an additional 2,399 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.
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, topping the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.39 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. Yum! Brands’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share.
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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s dividend payout ratio is currently 33.15%.
YUM has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $80.00 price objective on shares of Yum! Brands in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $85.00 price objective on shares of Yum! Brands in a research note on Monday. Argus reiterated a “buy” rating and set a $88.00 price objective (up previously from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $83.00 price objective on shares of Yum! Brands in a research note on Friday, August 4th. Eleven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Yum! Brands presently has an average rating of “Buy” and an average price target of $78.57.
In other news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total value of $616,864.00. Following the transaction, the chief financial officer now owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.38% of the company’s stock.
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About Yum! Brands
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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