The Quantitative Systematic Strategies LLC Invests $735,000 in Yum Brands Inc. (YUM)

The Quantitative Systematic Strategies LLC Invests $735,000 in Yum Brands Inc. (YUM)

Quantitative Systematic Strategies LLC acquired a new position in shares of Yum Brands Inc. (NYSE:YUM) during the second quarter, Holdings Channel reports. The institutional investor acquired 8,889 shares of the restaurant operator’s stock, valued at approximately $735,000.

Other hedge funds have also bought and sold shares of the company. Loomis Sayles & Co. L P increased its position in shares of Yum Brands by 7.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,473,108 shares of the restaurant operator’s stock worth $447,973,000 after buying an additional 382,331 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Yum Brands by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,357,178 shares of the restaurant operator’s stock worth $274,229,000 after buying an additional 28,204 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Yum Brands by 4.5% in the first quarter. UBS Asset Management Americas Inc. now owns 2,580,954 shares of the restaurant operator’s stock worth $211,252,000 after buying an additional 110,616 shares during the last quarter. Legal & General Group Plc increased its position in shares of Yum Brands by 0.4% in the first quarter. Legal & General Group Plc now owns 1,818,581 shares of the restaurant operator’s stock worth $148,853,000 after buying an additional 7,532 shares during the last quarter. Finally, Prudential PLC increased its position in shares of Yum Brands by 6.1% in the first quarter. Prudential PLC now owns 1,810,955 shares of the restaurant operator’s stock worth $148,227,000 after buying an additional 104,470 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

Yum Brands Inc. (NYSE:YUM) traded up 0.85% during trading on Thursday, hitting $89.70. The company’s stock had a trading volume of 2,786,910 shares. Yum Brands Inc. has a 12 month low of $64.58 and a 12 month high of $91.99. The firm has a 50 day moving average of $89.34 and a 200 day moving average of $85.45. The firm has a market cap of $33.73 billion, a P/E ratio of 27.03 and a beta of 0.76.

Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The company earned $3.32 billion during the quarter. During the same quarter last year, the business earned $1.00 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts predict that Yum Brands Inc. will post $3.70 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, October 17th. This represents a $2.04 annualized dividend and a dividend yield of 2.29%. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s payout ratio is currently 46.82%.

A number of equities analysts recently weighed in on YUM shares. BTIG Research restated a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Goldman Sachs Group Inc. restated a “sell” rating and set a $70.00 target price on shares of Yum Brands in a report on Wednesday, October 5th. Wells Fargo & Co. restated a “market perform” rating and set a $83.00 target price on shares of Yum Brands in a report on Monday, July 11th. Jefferies Group restated a “hold” rating and set a $85.00 target price on shares of Yum Brands in a report on Friday, October 7th. Finally, Cowen and Company restated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Yum Brands currently has an average rating of “Hold” and an average target price of $92.31.

In related news, insider Tracy L. Skeans sold 1,793 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $90.02, for a total transaction of $161,405.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Roger G. Eaton sold 53,518 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $91.72, for a total value of $4,908,670.96. Following the sale, the chief executive officer now owns 245,736 shares of the company’s stock, valued at approximately $22,538,905.92. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.

Yum Brands Company Profile

YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.

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