US Bancorp DE raised its position in shares of Yum Brands Inc. (NYSE:YUM) by 0.7% during the third quarter, Holdings Channel reports. The fund owned 189,399 shares of the restaurant operator’s stock after buying an additional 1,385 shares during the period. US Bancorp DE’s holdings in Yum Brands were worth $17,199,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Klingenstein Fields & Co. LLC increased its stake in shares of Yum Brands by 3.3% in the second quarter. Klingenstein Fields & Co. LLC now owns 281,427 shares of the restaurant operator’s stock worth $23,336,000 after buying an additional 9,080 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Yum Brands during the second quarter valued at $2,173,000. Smith Asset Management Group LP purchased a new position in shares of Yum Brands during the second quarter valued at $16,815,000. Cullinan Associates Inc. raised its position in shares of Yum Brands by 4.7% in the third quarter. Cullinan Associates Inc. now owns 67,150 shares of the restaurant operator’s stock valued at $6,098,000 after buying an additional 3,000 shares during the period. Finally, CWM LLC raised 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 valued at $18,028,000 after buying an additional 43,650 shares during the period. 73.26% of the stock is owned by institutional investors.
Yum Brands Inc. (NYSE:YUM) traded down 0.27% during mid-day trading on Monday, reaching $63.17. The company’s stock had a trading volume of 1,598,395 shares. The stock has a market cap of $23.18 billion, a P/E ratio of 16.25 and a beta of 0.78. The firm’s 50 day moving average is $61.97 and its 200-day moving average is $62.14. Yum Brands Inc. has a one year low of $46.43 and a one year high of $66.13.
Yum Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing the Zacks’ 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 firm earned $3.32 billion during the quarter. During the same quarter in the prior year, the business earned $1.00 earnings per share. Yum Brands’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts expect that Yum Brands Inc. will post $2.40 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Wednesday, October 19th were given a $0.51 dividend. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Monday, October 17th. Yum Brands’s dividend payout ratio is 51.91%.
Several equities analysts have weighed in on the company. BTIG Research reissued a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Barclays PLC increased their price objective on Yum Brands from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, October 12th. Deutsche Bank AG increased their price objective on Yum Brands from $83.00 to $86.00 and gave the company a “hold” rating in a report on Friday, September 30th. RBC Capital Markets lowered Yum Brands from a “top pick” rating to an “outperform” rating and set a $97.00 price objective for the company. in a report on Friday, September 23rd. They noted that the move was a valuation call. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $98.00 price objective on shares of Yum Brands in a report on Wednesday, October 5th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $91.72.
In other news, CFO David W. Gibbs sold 14,487 shares of the firm’s stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the transaction, the chief financial officer now directly owns 48,261 shares of the company’s stock, valued at $4,339,629.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Roger G. Eaton sold 53,518 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total transaction of $4,908,670.96. Following the transaction, the chief executive officer now directly owns 245,736 shares in the company, valued at $22,538,905.92. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by corporate 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.