Bank of New York Mellon Corp boosted its position in Yum! Brands, Inc. (NYSE:YUM) by 18.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,910,196 shares of the restaurant operator’s stock after purchasing an additional 1,220,537 shares during the period. Bank of New York Mellon Corp owned about 2.29% of Yum! Brands worth $582,270,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of YUM. Pioneer Investment Management Inc. acquired a new stake in Yum! Brands in the 2nd quarter valued at about $104,149,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Yum! Brands during the second quarter worth approximately $102,713,000. Prudential Financial Inc. lifted its position in Yum! Brands by 224.3% during the second quarter. Prudential Financial Inc. now owns 1,549,775 shares of the restaurant operator’s stock worth $114,311,000 after acquiring an additional 1,071,899 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new stake in Yum! Brands during the second quarter worth approximately $56,123,000. Finally, Vanguard Group Inc. lifted its position in Yum! Brands by 3.3% during the second quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock worth $1,667,335,000 after acquiring an additional 711,910 shares during the last quarter. Institutional investors and hedge funds own 72.53% of the company’s stock.
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Yum! Brands, Inc. (NYSE YUM) traded up $0.15 during midday trading on Tuesday, hitting $79.74. 1,306,400 shares of the company’s stock were exchanged, compared to its average volume of 2,249,026. The company has a market capitalization of $26,821.33, a PE ratio of 28.42, a PEG ratio of 2.41 and a beta of 0.86. Yum! Brands, Inc. has a 12-month low of $60.34 and a 12-month high of $81.65. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of -1.55.
Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share. analysts expect that Yum! Brands, Inc. will post 2.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. Yum! Brands’s payout ratio is presently 37.04%.
In other Yum! Brands news, CFO David W. Gibbs sold 4,318 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total transaction of $347,858.08. Following the sale, the chief financial officer now owns 39,396 shares of the company’s stock, valued at $3,173,741.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian R. Niccol sold 3,588 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.90, for a total transaction of $286,681.20. Following the sale, the chief executive officer now directly owns 15,075 shares in the company, valued at approximately $1,204,492.50. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.
Several equities research analysts have issued reports on YUM shares. Argus restated a “buy” rating and set a $88.00 price objective (up from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Thursday, July 20th. UBS AG raised their price objective on shares of Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada restated a “buy” rating and set a $83.00 price objective on shares of Yum! Brands in a research report on Friday, August 4th. Finally, Cowen and Company restated a “buy” rating and set a $85.00 price objective on shares of Yum! Brands in a research report on Friday, September 8th. Twelve research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $80.95.
About Yum! Brands
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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