NorthCoast Asset Management LLC raised its holdings in Yum! Brands, Inc. (NYSE:YUM) by 189.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 22,873 shares of the restaurant operator’s stock after acquiring an additional 14,963 shares during the quarter. NorthCoast Asset Management LLC’s holdings in Yum! Brands were worth $1,789,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Canandaigua National Bank & Trust Co. increased its stake in Yum! Brands by 15.2% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 4,961 shares of the restaurant operator’s stock valued at $388,000 after buying an additional 656 shares during the last quarter. First Republic Investment Management Inc. increased its stake in Yum! Brands by 1.5% in the 1st quarter. First Republic Investment Management Inc. now owns 50,938 shares of the restaurant operator’s stock valued at $4,338,000 after buying an additional 769 shares during the last quarter. IFM Investors Pty Ltd increased its stake in Yum! Brands by 8.9% in the 1st quarter. IFM Investors Pty Ltd now owns 9,886 shares of the restaurant operator’s stock valued at $842,000 after buying an additional 804 shares during the last quarter. Advisor Partners LLC grew its position in shares of Yum! Brands by 11.2% in the 2nd quarter. Advisor Partners LLC now owns 8,016 shares of the restaurant operator’s stock valued at $627,000 after acquiring an additional 806 shares during the period. Finally, Kovack Advisors Inc. grew its position in shares of Yum! Brands by 15.7% in the 2nd quarter. Kovack Advisors Inc. now owns 5,977 shares of the restaurant operator’s stock valued at $468,000 after acquiring an additional 811 shares during the period. Hedge funds and other institutional investors own 71.37% of the company’s stock.

A number of research analysts have recently commented on YUM shares. UBS Group set a $99.00 price objective on shares of Yum! Brands and gave the company a “buy” rating in a research report on Monday, September 10th. BTIG Research raised shares of Yum! Brands from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 27th. They noted that the move was a valuation call. BMO Capital Markets reissued a “hold” rating and issued a $88.00 price objective on shares of Yum! Brands in a research report on Friday, August 3rd. ValuEngine downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Finally, Citigroup lifted their price objective on shares of Yum! Brands from $80.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, June 19th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $86.76.

Shares of YUM stock opened at $87.69 on Tuesday. The stock has a market cap of $27.97 billion, a P/E ratio of 29.63, a P/E/G ratio of 1.97 and a beta of 0.86. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of -1.33. Yum! Brands, Inc. has a 52 week low of $72.61 and a 52 week high of $89.00.

Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 2nd. The restaurant operator reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Yum! Brands had a net margin of 27.95% and a negative return on equity of 17.36%. Yum! Brands’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. research analysts forecast that Yum! Brands, Inc. will post 3.5 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Monday, August 20th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Friday, August 17th. Yum! Brands’s payout ratio is 48.65%.

Yum! Brands announced that its Board of Directors has approved a stock repurchase program on Friday, August 10th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the restaurant operator to reacquire up to 7.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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

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