North Star Asset Management Inc. held its position in shares of Yum Brands Inc. (NYSE:YUM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,429 shares of the restaurant operator’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Yum Brands were worth $6,583,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of YUM. Panagora Asset Management Inc. increased its position in shares of Yum Brands by 1,512.2% in the first quarter. Panagora Asset Management Inc. now owns 425,308 shares of the restaurant operator’s stock worth $34,811,000 after buying an additional 398,927 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Yum Brands during the first quarter worth $41,760,000. Smith Asset Management Group LP acquired a new position in shares of Yum Brands during the second quarter worth $16,815,000. CWM LLC increased its position in shares of Yum Brands by 25.1% in the second quarter. CWM LLC now owns 217,409 shares of the restaurant operator’s stock worth $18,028,000 after buying an additional 43,650 shares in the last quarter. Finally, Peconic Partners LLC acquired a new position in shares of Yum Brands during the first quarter worth $6,548,000. Institutional investors and hedge funds own 76.14% of the company’s stock.
Yum Brands Inc. (NYSE:YUM) traded up 0.32% during midday trading on Friday, reaching $87.72. The company had a trading volume of 6,207,378 shares. The stock’s 50 day moving average is $89.57 and its 200 day moving average is $85.20. The company has a market capitalization of $34.20 billion, a PE ratio of 26.44 and a beta of 0.76. Yum Brands Inc. has a one year low of $64.58 and a one year high of $91.99.
Yum Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The company had revenue of $3.32 billion for the quarter. Yum Brands had a return on equity of 511.71% and a net margin of 12.62%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. Equities research analysts forecast that Yum Brands Inc. will post $3.70 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, October 17th. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.33%. Yum Brands’s dividend payout ratio (DPR) is 46.82%.
A number of research analysts have recently weighed in on YUM shares. Citigroup Inc. lifted their price target on Yum Brands from $88.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, September 9th. Morgan Stanley lifted their price objective on Yum Brands from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 28th. Zacks Investment Research cut Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Nomura reissued a “buy” rating and set a $95.00 price objective (up previously from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Finally, Vetr raised Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price objective for the company in a research report on Monday, September 26th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $91.61.
In other news, insider Tracy L. Skeans sold 1,793 shares of Yum Brands stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $90.02, for a total value of $161,405.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Roger G. Eaton sold 44,952 shares of Yum Brands stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $88.53, for a total transaction of $3,979,600.56. Following the completion of the sale, the chief executive officer now owns 244,274 shares of the company’s stock, valued at $21,625,577.22. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.
About Yum Brands
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.