Yum! Brands, Inc. (YUM) Shares Bought by M&T Bank Corp
M&T Bank Corp grew its holdings in Yum! Brands, Inc. (NYSE:YUM) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,285 shares of the restaurant operator’s stock after purchasing an additional 2,258 shares during the period. M&T Bank Corp’s holdings in Yum! Brands were worth $8,592,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Calton & Associates Inc. bought a new stake in shares of Yum! Brands in the 4th quarter worth $102,000. Valeo Financial Advisors LLC bought a new stake in shares of Yum! Brands in the 3rd quarter worth $117,000. Cerebellum GP LLC bought a new stake in shares of Yum! Brands in the 4th quarter worth $140,000. Americafirst Capital Management LLC increased its holdings in shares of Yum! Brands by 107.6% in the 3rd quarter. Americafirst Capital Management LLC now owns 2,392 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Yum! Brands in the 3rd quarter worth $190,000. 73.55% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Brian R. Niccol sold 1,104 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $82.37, for a total value of $90,936.48. Following the transaction, the chief executive officer now directly owns 5,509 shares in the company, valued at $453,776.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 2,294 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $84.90, for a total value of $194,760.60. Following the completion of the transaction, the chief executive officer now owns 10,160 shares in the company, valued at $862,584. The disclosure for this sale can be found here. Insiders have sold 4,325 shares of company stock worth $363,065 over the last quarter. 7.38% of the stock is owned by company insiders.
Yum! Brands, Inc. (NYSE YUM) opened at $79.31 on Monday. The firm has a market capitalization of $26,730.00, a price-to-earnings ratio of 20.93, a P/E/G ratio of 1.90 and a beta of 0.95. The company has a current ratio of 1.66, a quick ratio of 1.41 and a debt-to-equity ratio of -1.49. Yum! Brands, Inc. has a 52-week low of $62.85 and a 52-week high of $86.93.
Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, February 8th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.16. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. Yum! Brands’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. equities analysts anticipate that Yum! Brands, Inc. will post 3.29 EPS for the current fiscal year.
Yum! Brands declared that its Board of Directors has approved a stock buyback plan on Friday, November 17th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Wednesday, February 14th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, February 13th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 1.82%. Yum! Brands’s payout ratio is 31.66%.
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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