Yum! Brands, Inc. (YUM) Position Boosted by Raymond James Financial Services Advisors Inc.
Raymond James Financial Services Advisors Inc. increased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 125,831 shares of the restaurant operator’s stock after purchasing an additional 779 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Yum! Brands were worth $10,268,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new position in Yum! Brands during the fourth quarter worth about $102,000. Valeo Financial Advisors LLC purchased a new position in Yum! Brands during the third quarter worth about $117,000. Cerebellum GP LLC purchased a new position in Yum! Brands during the fourth quarter worth about $140,000. Advisory Services Network LLC lifted its position in Yum! Brands by 54.2% during the fourth quarter. Advisory Services Network LLC now owns 1,921 shares of the restaurant operator’s stock worth $157,000 after buying an additional 675 shares during the period. Finally, Americafirst Capital Management LLC lifted its position in Yum! Brands by 107.6% during the third quarter. Americafirst Capital Management LLC now owns 2,392 shares of the restaurant operator’s stock worth $176,000 after buying an additional 1,240 shares during the period. Hedge funds and other institutional investors own 73.60% of the company’s stock.
In other news, CEO Brian R. Niccol sold 945 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $79.90, for a total value of $75,505.50. Following the completion of the sale, the chief executive officer now owns 10,785 shares in the company, valued at $861,721.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian R. Niccol sold 1,104 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $82.37, for a total value of $90,936.48. Following the completion of the sale, the chief executive officer now owns 5,509 shares of the company’s stock, valued at approximately $453,776.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,270 shares of company stock valued at $438,570. Insiders own 0.65% of the company’s stock.
Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, February 8th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.16. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. analysts expect that Yum! Brands, Inc. will post 3.28 EPS for the current year.
Yum! Brands announced that its board has initiated a share repurchase plan on Friday, November 17th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Wednesday, February 14th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.85%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.30. Yum! Brands’s dividend payout ratio (DPR) is 28.51%.
Several research firms recently weighed in on YUM. Instinet downgraded Yum! Brands from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Edward Jones upgraded Yum! Brands from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Nomura downgraded Yum! Brands from a “buy” rating to a “neutral” rating and set a $89.00 target price on the stock. in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $89.00 target price (down from $92.00) on shares of Yum! Brands in a research report on Friday, February 2nd. Fourteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $82.26.
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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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