Tredje AP fonden lifted its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 43.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,110 shares of the restaurant operator’s stock after acquiring an additional 18,080 shares during the period. Tredje AP fonden’s holdings in Yum! Brands were worth $4,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Pioneer Investment Management Inc. bought a new position in Yum! Brands in the 2nd quarter valued at approximately $104,149,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Yum! Brands in the 2nd quarter valued at approximately $102,713,000. Bank of New York Mellon Corp lifted its stake in Yum! Brands by 18.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock valued at $582,270,000 after purchasing an additional 1,220,537 shares during the last quarter. Prudential Financial Inc. lifted its stake in Yum! Brands by 224.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,549,775 shares of the restaurant operator’s stock valued at $114,311,000 after purchasing an additional 1,071,899 shares during the last quarter. Finally, Frontier Capital Management Co. LLC bought a new position in Yum! Brands in the 2nd quarter valued at approximately $56,123,000. 73.90% of the stock is owned by institutional investors.

Yum! Brands, Inc. (NYSE:YUM) traded down $0.07 on Monday, hitting $83.40. 2,486,400 shares of the stock traded hands, compared to its average volume of 2,215,022. Yum! Brands, Inc. has a 52 week low of $62.32 and a 52 week high of $84.06. The company has a debt-to-equity ratio of -1.55, a quick ratio of 1.41 and a current ratio of 1.42. The firm has a market capitalization of $28,105.27, a PE ratio of 29.79, a PEG ratio of 2.33 and a beta of 0.89.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company posted $1.09 earnings per share. Yum! Brands’s revenue for the quarter was down 5.4% compared to the same quarter last year. equities research analysts anticipate that Yum! Brands, Inc. will post 2.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Tuesday, November 14th. Yum! Brands’s dividend payout ratio (DPR) is presently 37.04%.

Yum! Brands announced that its board has approved a share repurchase program on Friday, November 17th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Several equities analysts recently commented on YUM shares. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Tuesday, August 8th. BMO Capital Markets reaffirmed a “market perform” rating and set a $77.00 price target (up previously from $66.00) on shares of Yum! Brands in a research note on Wednesday, August 9th. Argus reaffirmed a “buy” rating and set a $88.00 price target (up previously from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Cowen reaffirmed a “buy” rating and set a $85.00 price target on shares of Yum! Brands in a research note on Friday, September 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $78.00 price target on shares of Yum! Brands in a research note on Friday, September 8th. Twelve investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $80.95.

In other Yum! Brands news, CFO David W. Gibbs sold 4,318 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total value of $347,858.08. Following the completion of the sale, the chief financial officer now directly owns 39,396 shares in the company, valued at $3,173,741.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian R. Niccol sold 3,588 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.90, for a total transaction of $286,681.20. Following the completion of the sale, the chief executive officer now owns 15,075 shares of the company’s stock, valued at $1,204,492.50. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

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Yum! Brands Company 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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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