LMR Partners LLP Purchases Shares of 14,882 Yum Brands Inc. (YUM)
LMR Partners LLP acquired a new position in Yum Brands Inc. (NYSE:YUM) during the second quarter, Holdings Channel reports. The institutional investor acquired 14,882 shares of the restaurant operator’s stock, valued at approximately $1,234,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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. Zions Bancorporation increased its position in Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock worth $121,000 after buying an additional 220 shares in the last quarter. Vigilant Capital Management LLC increased its position in Yum Brands by 5.9% in the second quarter. Vigilant Capital Management LLC now owns 1,694 shares of the restaurant operator’s stock worth $140,000 after buying an additional 94 shares in the last quarter. Washington Trust Bank increased its position in Yum Brands by 1.4% in the second quarter. Washington Trust Bank now owns 2,002 shares of the restaurant operator’s stock worth $166,000 after buying an additional 28 shares in the last quarter. Finally, Hartford Financial Management Inc. bought a new position in Yum Brands during the second quarter worth $177,000. Institutional investors and hedge funds own 76.14% of the company’s stock.
Shares of Yum Brands Inc. (NYSE:YUM) traded up 0.32% on Friday, reaching $87.72. The company’s stock had a trading volume of 6,254,439 shares. The firm has a market cap of $34.20 billion, a price-to-earnings ratio of 26.44 and a beta of 0.76. The stock has a 50 day moving average of $89.48 and a 200-day moving average of $85.26. Yum Brands Inc. has a 12 month low of $64.58 and a 12 month high of $91.99.
Yum Brands (NYSE:YUM) last posted its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by $0.01. The company had revenue of $3.32 billion for the quarter. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. Yum Brands’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 EPS. On average, analysts anticipate that Yum Brands Inc. will post $3.70 EPS for the current year.
The business also recently announced 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 represents a $2.04 annualized dividend and a dividend yield of 2.33%. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio is currently 46.82%.
A number of research analysts have weighed in on YUM shares. Credit Suisse Group AG restated a “hold” rating on shares of Yum Brands in a research note on Friday, June 17th. Vetr downgraded Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price target for the company. in a research note on Monday, June 20th. Nomura restated a “buy” rating and issued a $95.00 price target (up from $92.00) on shares of Yum Brands in a research note on Wednesday, June 22nd. Deutsche Bank AG restated a “hold” rating and issued a $83.00 price target (up from $81.00) on shares of Yum Brands in a research note on Monday, July 11th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Yum Brands in a research note on Monday, July 11th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $91.86.
In related news, CEO Roger G. Eaton sold 53,518 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total value of $4,908,670.96. Following the sale, the chief executive officer now owns 245,736 shares in the company, valued at $22,538,905.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David Eric Russell sold 5,213 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $90.00, for a total value of $469,170.00. Following the completion of the sale, the vice president now owns 14,428 shares in the company, valued at approximately $1,298,520. 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.
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