Raymond James Financial Services Advisors Inc. Boosts Holdings in Yum! Brands, Inc. (YUM)

Raymond James Financial Services Advisors Inc. boosted its stake in Yum! Brands, Inc. (NYSE:YUM) by 13.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,052 shares of the restaurant operator’s stock after purchasing an additional 14,803 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Yum! Brands were worth $9,205,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Acrospire Investment Management LLC acquired a new position in shares of Yum! Brands during the second quarter valued at about $104,000. Kistler Tiffany Companies LLC grew its holdings in shares of Yum! Brands by 0.5% during the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 7 shares during the last quarter. Founders Capital Management grew its holdings in shares of Yum! Brands by 164.5% during the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 1,020 shares during the last quarter. Bruderman Asset Management LLC acquired a new position in shares of Yum! Brands during the second quarter valued at about $148,000. Finally, Sun Life Financial INC grew its holdings in shares of Yum! Brands by 19,991.7% during the second quarter. Sun Life Financial INC now owns 2,411 shares of the restaurant operator’s stock valued at $178,000 after buying an additional 2,399 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE YUM) opened at $78.60 on Monday. Yum! Brands, Inc. has a 12-month low of $61.38 and a 12-month high of $81.65. The company has a debt-to-equity ratio of -1.55, a current ratio of 1.42 and a quick ratio of 1.41. The stock has a market cap of $26,487.70, a P/E ratio of 28.07, a PEG ratio of 2.38 and a beta of 0.86.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. sell-side analysts expect that Yum! Brands, Inc. will post 2.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s dividend payout ratio (DPR) is currently 37.04%.

Yum! Brands announced that its board has initiated a stock repurchase plan on Friday, November 17th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Raymond James Financial Services Advisors Inc. Boosts Holdings in Yum! Brands, Inc. (YUM)” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://sportsperspectives.com/2017/11/20/raymond-james-financial-services-advisors-inc-boosts-holdings-in-yum-brands-inc-yum.html.

A number of brokerages have recently issued reports on YUM. Nomura lifted their price objective on shares of Yum! Brands from $85.00 to $89.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Robert W. Baird lifted their price objective on shares of Yum! Brands from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Jefferies Group LLC lifted their price objective on shares of Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a report on Friday, November 3rd. UBS AG reiterated a “positive” rating and set a $89.00 price objective (up from $83.00) on shares of Yum! Brands in a report on Friday, November 3rd. Finally, Cowen and Company reiterated a “buy” rating and set a $91.00 price objective on shares of Yum! Brands in a report on Friday, November 3rd. Twelve investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $80.95.

In other news, CEO Brian R. Niccol sold 3,588 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $79.90, for a total value of $286,681.20. Following the sale, the chief executive officer now owns 15,075 shares of the company’s stock, valued at $1,204,492.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 4,318 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 39,396 shares in the company, valued at approximately $3,173,741.76. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

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.

Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM).

Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

Receive News & Ratings for Yum! Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply