Enterprise Financial Services Corp Holds Position in Yum Brands Inc. (YUM)
Enterprise Financial Services Corp continued to hold its position in Yum Brands Inc. (NYSE:YUM) during the second quarter, Holdings Channel reports. The institutional investor owned 27,121 shares of the restaurant operator’s stock at the end of the second quarter. Yum Brands accounts for about 1.3% of Enterprise Financial Services Corp’s portfolio, making the stock its 11th largest position. Enterprise Financial Services Corp’s holdings in Yum Brands were worth $2,249,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Panagora Asset Management Inc. raised its position in 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 valued at $34,811,000 after buying an additional 398,927 shares during the period. Renaissance Technologies LLC bought a new position in Yum Brands during the first quarter valued at about $41,760,000. Smith Asset Management Group LP bought a new position in Yum Brands during the second quarter valued at about $16,815,000. CWM LLC raised its position in 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. Finally, Peconic Partners LLC bought a new position in Yum Brands during the first quarter valued at about $6,548,000. Institutional investors own 76.09% of the company’s stock.
Shares of Yum Brands Inc. (NYSE:YUM) traded down 0.66% during mid-day trading on Tuesday, reaching $86.16. The company’s stock had a trading volume of 3,144,075 shares. Yum Brands Inc. has a 1-year low of $64.58 and a 1-year high of $91.99. The firm has a market capitalization of $32.40 billion, a P/E ratio of 25.97 and a beta of 0.76. The company’s 50-day moving average is $89.23 and its 200 day moving average is $85.64.
Yum Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The company earned $3.32 billion during the quarter. During the same quarter in the prior year, the business earned $1.00 EPS. The company’s revenue was down 3.2% on a year-over-year basis. On average, analysts expect that Yum Brands Inc. will post $3.70 earnings per share 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 paid a $0.51 dividend. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio (DPR) is 46.82%.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group AG restated a “neutral” rating and set a $84.00 price target on shares of Yum Brands in a research note on Thursday, July 14th. Sanford C. Bernstein restated an “outperform” rating and set a $97.00 price target on shares of Yum Brands in a research note on Thursday, July 14th. Barclays PLC restated an “equal weight” rating and set a $83.00 price target on shares of Yum Brands in a research note on Friday, July 15th. Vetr upgraded Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price target on the stock in a research note on Monday, September 26th. Finally, Morgan Stanley boosted their price target on Yum Brands from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 28th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $92.46.
In other Yum Brands news, insider Tracy L. Skeans sold 1,793 shares of Yum Brands stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $90.02, for a total value of $161,405.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David W. Gibbs sold 14,487 shares of Yum Brands stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $89.92, for a total value of $1,302,671.04. Following the completion of the transaction, the chief financial officer now owns 48,261 shares in the company, valued at $4,339,629.12. The disclosure for this sale can be found here. 7.38% of the stock is owned by company 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.
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