Heritage Investors Management Corp Decreases Position in Yum! Brands, Inc. (YUM)
Heritage Investors Management Corp cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,060 shares of the restaurant operator’s stock after selling 2,589 shares during the period. Heritage Investors Management Corp owned about 0.05% of Yum! Brands worth $13,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of YUM. Geode Capital Management LLC lifted its position in Yum! Brands by 6.0% during the first quarter. Geode Capital Management LLC now owns 3,024,137 shares of the restaurant operator’s stock valued at $192,940,000 after purchasing an additional 170,079 shares during the period. Parallel Advisors LLC lifted its position in Yum! Brands by 38.2% during the first quarter. Parallel Advisors LLC now owns 2,202 shares of the restaurant operator’s stock valued at $150,000 after purchasing an additional 609 shares during the period. ICICI Prudential Asset Management Co Ltd acquired a new position in Yum! Brands during the first quarter valued at $320,000. Morgan Stanley lifted its position in Yum! Brands by 82.4% during the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after purchasing an additional 2,148,751 shares during the period. Finally, Marathon Trading Investment Management LLC acquired a new position in Yum! Brands during the first quarter valued at $268,000. Institutional investors own 72.02% of the company’s stock.
In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were 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 directly owns 39,664 shares in the company, valued at approximately $2,935,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.65% of the company’s stock.
Yum! Brands, Inc. (YUM) traded up 0.52% during trading on Wednesday, reaching $74.84. 354,872 shares of the company were exchanged. Yum! Brands, Inc. has a 12 month low of $59.43 and a 12 month high of $78.14. The stock has a 50 day moving average price of $75.41 and a 200 day moving average price of $73.44. The firm has a market capitalization of $25.80 billion, a PE ratio of 19.87 and a beta of 0.81.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. On average, analysts expect that Yum! Brands, Inc. will post $2.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. Yum! Brands’s dividend payout ratio is presently 33.15%.
YUM has been the subject of a number of research reports. UBS AG boosted their target price on shares of Yum! Brands from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada restated a “buy” rating and set a $83.00 target price on shares of Yum! Brands in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, August 1st. Argus restated a “buy” rating and set a $88.00 target price (up from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Finally, Cowen and Company restated a “buy” rating and set a $85.00 target price on shares of Yum! Brands in a research report on Friday, September 8th. Eleven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $79.34.
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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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