Yum! Brands, Inc. (NYSE:YUM) Stake Cut by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,175 shares of the restaurant operator’s stock after selling 7,400 shares during the period. Pictet Asset Management Ltd. owned 0.07% of Yum! Brands worth $18,318,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howland Capital Management LLC raised its position in Yum! Brands by 11.7% in the first quarter. Howland Capital Management LLC now owns 157,474 shares of the restaurant operator’s stock valued at $10,063,000 after buying an additional 16,432 shares during the last quarter. South State Corp raised its position in Yum! Brands by 13.9% in the first quarter. South State Corp now owns 56,768 shares of the restaurant operator’s stock valued at $3,627,000 after buying an additional 6,931 shares during the last quarter. Windsor Capital Management LLC raised its position in Yum! Brands by 7.6% in the first quarter. Windsor Capital Management LLC now owns 9,855 shares of the restaurant operator’s stock valued at $629,000 after buying an additional 693 shares during the last quarter. Parametrica Management Ltd purchased a new position in Yum! Brands during the first quarter valued at $311,000. Finally, Morgan Stanley raised its position in Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after buying an additional 2,148,751 shares during the last quarter. 73.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of Yum! Brands, Inc. (NYSE YUM) opened at 75.56 on Friday. Yum! Brands, Inc. has a 12 month low of $59.57 and a 12 month high of $76.62. The company has a market cap of $26.07 billion, a PE ratio of 20.06 and a beta of 0.82. The stock has a 50 day moving average of $74.41 and a 200-day moving average of $69.15.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 EPS. Equities analysts forecast that Yum! Brands, Inc. will post $2.82 earnings per share for the current year.
The company also recently declared 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 was Wednesday, July 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.59%. Yum! Brands’s payout ratio is 33.15%.
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Several research analysts recently weighed in on YUM shares. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, August 1st. BidaskClub raised shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Cowen and Company lifted their price objective on shares of Yum! Brands from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $78.00 price objective (up previously from $75.00) on shares of Yum! Brands in a research note on Tuesday, May 30th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $75.00 price objective (up previously from $71.00) on shares of Yum! Brands in a research note on Monday, July 10th. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Yum! Brands has an average rating of “Buy” and an average target price of $78.64.
In other news, CFO David W. Gibbs sold 8,336 shares of the 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 completion of the transaction, the chief financial officer now owns 39,664 shares in the company, valued at approximately $2,935,136. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,471 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $72.64, for a total value of $106,853.44. Following the completion of the transaction, the chief executive officer now owns 6,712 shares of the company’s stock, valued at approximately $487,559.68. The disclosure for this sale can be found here. Insiders have sold a total of 11,294 shares of company stock valued at $833,488 in the last quarter. 7.38% of the stock is owned by corporate insiders.
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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