Todays Report: The Yum Brands Inc. (YUM) Stake Held by Essex Financial Services Inc.

The Yum Brands Inc. (YUM) Stake Held by Essex Financial Services Inc.

Essex Financial Services Inc. maintained its stake in Yum Brands Inc. (NYSE:YUM) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,943 shares of the restaurant operator’s stock at the end of the second quarter. Essex Financial Services Inc.’s holdings in Yum Brands were worth $493,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LMR Partners LLP acquired a new position in Yum Brands during the second quarter worth about $1,234,000. Burke & Herbert Bank & Trust Co. increased its position in Yum Brands by 6.7% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 4,833 shares of the restaurant operator’s stock worth $400,000 after buying an additional 303 shares in the last quarter. Advisory Services Network LLC increased its position in Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock worth $107,000 after buying an additional 109 shares in the last quarter. Insight Capital Research & Management Inc. acquired a new position in Yum Brands during the second quarter worth about $2,707,000. Finally, Capital Fund Management S.A. increased its position in Yum Brands by 1.1% in the second quarter. Capital Fund Management S.A. now owns 623,965 shares of the restaurant operator’s stock worth $51,739,000 after buying an additional 6,785 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.

Shares of Yum Brands Inc. (NYSE:YUM) traded down 2.19% during midday trading on Monday, reaching $86.73. 4,622,916 shares of the company traded hands. Yum Brands Inc. has a 12 month low of $64.58 and a 12 month high of $91.99. The stock has a market capitalization of $32.61 billion, a price-to-earnings ratio of 26.14 and a beta of 0.76. The company’s 50 day moving average is $89.23 and its 200-day moving average is $85.64.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be issued a dividend of $0.51 per share. 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 2.35%. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio (DPR) is 46.82%.

A number of research analysts recently issued reports on YUM shares. Citigroup Inc. boosted their target price on shares of Yum Brands from $88.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Jefferies Group restated a “hold” rating and set a $85.00 target price on shares of Yum Brands in a research report on Friday, October 7th. Zacks Investment Research downgraded shares of Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Morgan Stanley boosted their target price on shares of Yum Brands from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 28th. Finally, Nomura restated a “buy” rating and set a $95.00 target price (up from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.46.

In other Yum Brands news, CEO Roger G. Eaton sold 53,518 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $91.72, for a total transaction of $4,908,670.96. Following the completion of the transaction, the chief executive officer now directly owns 245,736 shares in the company, valued at approximately $22,538,905.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Muktesh Pant sold 91,228 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the transaction, the chief executive officer now owns 62,660 shares of the company’s stock, valued at $5,635,640.40. 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.

Related posts

Leave a Comment