Yum Brands Inc. (YUM) Stake Lowered by Nordea Investment Management AB
Nordea Investment Management AB cut its stake in shares of Yum Brands Inc. (NYSE:YUM) by 36.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,605 shares of the restaurant operator’s stock after selling 37,287 shares during the period. Nordea Investment Management AB’s holdings in Yum Brands were worth $5,440,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. HBK Investments L P increased its position in Yum Brands by 171.3% in the first quarter. HBK Investments L P now owns 192,638 shares of the restaurant operator’s stock valued at $15,767,000 after buying an additional 121,638 shares in the last quarter. Mariner Wealth Advisors LLC bought a new position in Yum Brands during the first quarter valued at about $208,000. Prudential PLC increased its position in Yum Brands by 6.1% in the first quarter. Prudential PLC now owns 1,810,955 shares of the restaurant operator’s stock valued at $148,227,000 after buying an additional 104,470 shares in the last quarter. Simmons Bank bought a new position in Yum Brands during the first quarter valued at about $814,000. Finally, Geode Capital Management LLC increased its position in Yum Brands by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,357,178 shares of the restaurant operator’s stock valued at $274,229,000 after buying an additional 28,204 shares in the last quarter. Institutional investors own 76.09% of the company’s stock.
Yum Brands Inc. (NYSE:YUM) traded down 0.55% during midday trading on Tuesday, reaching $86.25. 2,504,013 shares of the company traded hands. Yum Brands Inc. has a 12 month low of $64.58 and a 12 month high of $91.99. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of 25.99 and a beta of 0.76. The firm has a 50 day moving average of $89.23 and a 200-day moving average of $85.64.
Yum Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The company earned $3.32 billion during the quarter. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. Analysts forecast that Yum Brands Inc. will post $3.70 EPS for the current fiscal year.
The business also recently disclosed 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 represents a $2.04 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Monday, October 17th. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio is currently 46.82%.
Several equities analysts have issued reports on the stock. BTIG Research restated a “hold” rating on shares of Yum Brands in a research note on Sunday, September 4th. Robert W. Baird reiterated a “neutral” rating and set a $92.00 target price on shares of Yum Brands in a research note on Wednesday, September 7th. Wells Fargo & Co. reiterated a “market weight” rating and set a $87.00 target price on shares of Yum Brands in a research note on Sunday, October 2nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $97.00 target price (up previously from $96.00) on shares of Yum Brands in a research note on Sunday, October 2nd. Finally, Vetr upgraded shares of Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 target price for the company in a research note on Monday, September 26th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $92.46.
In other Yum Brands news, VP David Eric Russell sold 5,213 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the transaction, the vice president now owns 14,428 shares in the company, valued at approximately $1,298,520. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Muktesh Pant sold 91,228 shares of the company’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 completion of the transaction, the chief executive officer now owns 62,660 shares in the company, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by company insiders.
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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