Qube Research & Technologies Ltd lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 90.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,881 shares of the restaurant operator’s stock after selling 18,446 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Yum! Brands were worth $208,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC grew its position in Yum! Brands by 139.0% in the 1st quarter. FMR LLC now owns 2,658,807 shares of the restaurant operator’s stock valued at $265,376,000 after acquiring an additional 1,546,142 shares in the last quarter. Janus Henderson Group PLC grew its stake in Yum! Brands by 233.9% during the 1st quarter. Janus Henderson Group PLC now owns 845,079 shares of the restaurant operator’s stock valued at $84,348,000 after purchasing an additional 591,961 shares in the last quarter. BlackRock Inc. grew its stake in Yum! Brands by 2.7% during the 1st quarter. BlackRock Inc. now owns 22,186,539 shares of the restaurant operator’s stock valued at $2,214,439,000 after purchasing an additional 591,322 shares in the last quarter. Magellan Asset Management Ltd grew its stake in Yum! Brands by 2.2% during the 1st quarter. Magellan Asset Management Ltd now owns 15,768,541 shares of the restaurant operator’s stock valued at $1,573,858,000 after purchasing an additional 338,339 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Yum! Brands by 19.6% during the 1st quarter. California Public Employees Retirement System now owns 1,999,881 shares of the restaurant operator’s stock valued at $199,608,000 after purchasing an additional 327,242 shares in the last quarter. Institutional investors own 77.31% of the company’s stock.

Shares of NYSE YUM opened at $117.87 on Thursday. The company has a market cap of $35.67 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 2.46 and a beta of 0.53. Yum! Brands, Inc. has a 12-month low of $83.39 and a 12-month high of $119.72. The stock’s 50 day simple moving average is $114.03 and its 200 day simple moving average is $104.34.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Equities research analysts forecast that Yum! Brands, Inc. will post 3.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 19th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, August 16th. Yum! Brands’s dividend payout ratio (DPR) is presently 53.00%.

A number of equities research analysts have weighed in on YUM shares. Goldman Sachs Group started coverage on Yum! Brands in a research note on Monday, July 29th. They set a “neutral” rating and a $115.00 price objective for the company. Tigress Financial restated a “buy” rating on shares of Yum! Brands in a research note on Friday, July 12th. Robert W. Baird reaffirmed an “outperform” rating and set a $112.00 target price on shares of Yum! Brands in a report on Monday, April 29th. Credit Suisse Group assumed coverage on Yum! Brands in a report on Tuesday, June 25th. They set a “neutral” rating and a $106.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on Yum! Brands from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Yum! Brands has a consensus rating of “Hold” and a consensus price target of $110.65.

In other news, CEO Greg Creed sold 44,949 shares of Yum! Brands stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total transaction of $4,756,503.18. Following the transaction, the chief executive officer now directly owns 158,745 shares in the company, valued at approximately $16,798,395.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David Eric Russell sold 5,801 shares of Yum! Brands stock in a transaction on Friday, August 16th. The shares were sold at an average price of $115.33, for a total value of $669,029.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,556 shares of company stock worth $6,741,879. 0.67% of the stock is owned by insiders.

About Yum! Brands

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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