Whittier Trust Co. Sells 250 Shares of Yum Brands Inc. (YUM)
Whittier Trust Co. reduced its position in shares of Yum Brands Inc. (NYSE:YUM) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,324 shares of the restaurant operator’s stock after selling 250 shares during the period. Whittier Trust Co.’s holdings in Yum Brands were worth $856,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. Bank of Montreal Can bought a new stake in shares of Yum Brands during the second quarter worth about $51,915,000. Renaissance Technologies LLC bought a new stake in shares of Yum Brands during the first quarter worth about $41,760,000. Panagora Asset Management Inc. raised its stake in shares of Yum Brands by 1,512.2% in the first quarter. Panagora Asset Management Inc. now owns 425,308 shares of the restaurant operator’s stock worth $34,811,000 after buying an additional 398,927 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Yum Brands by 7.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,473,108 shares of the restaurant operator’s stock worth $447,973,000 after buying an additional 382,331 shares during the period. Finally, Tairen Capital Ltd bought a new stake in shares of Yum Brands during the second quarter worth about $17,176,000. Institutional investors and hedge funds own 76.14% of the company’s stock.
Yum Brands Inc. (NYSE:YUM) traded up 1.12% during midday trading on Tuesday, reaching $88.37. 5,332,442 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $89.43 and its 200 day moving average is $85.40. Yum Brands Inc. has a 1-year low of $64.58 and a 1-year high of $91.99. The stock has a market cap of $33.23 billion, a P/E ratio of 26.63 and a beta of 0.76.
Yum Brands (NYSE:YUM) last posted its quarterly earnings results 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. The business 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 revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.00 earnings per share. Equities analysts anticipate that Yum Brands Inc. will post $3.70 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, October 17th. Yum Brands’s payout ratio is 46.82%.
YUM has been the topic of a number of recent analyst reports. Robert W. Baird restated a “neutral” rating and issued a $92.00 target price on shares of Yum Brands in a research note on Wednesday, September 7th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $97.00 price objective (up previously from $96.00) on shares of Yum Brands in a research note on Sunday, October 2nd. Zacks Investment Research lowered shares of Yum Brands from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. Wells Fargo & Co. reiterated a “market weight” rating and set a $87.00 price objective on shares of Yum Brands in a research note on Sunday, October 2nd. Finally, Vetr lowered shares of Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price objective on the stock. in a research note on Monday, June 20th. Four 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. Yum Brands has an average rating of “Hold” and an average price target of $92.11.
In related news, insider Tracy L. Skeans sold 1,793 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $90.02, for a total transaction of $161,405.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Muktesh Pant sold 91,228 shares of the business’s stock in a transaction that occurred on 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 approximately $5,635,640.40. The disclosure for this sale can be found here. Corporate 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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