Nikko Asset Management Americas Inc. Invests $372,000 in Yum! Brands, Inc. (YUM)
Nikko Asset Management Americas Inc. acquired a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the third quarter, Holdings Channel reports. The fund acquired 4,100 shares of the restaurant operator’s stock, valued at approximately $372,000.
Other large investors also recently added to or reduced their stakes in the company. Klingenstein Fields & Co. LLC boosted its stake in Yum! Brands by 3.3% in the second quarter. Klingenstein Fields & Co. LLC now owns 281,427 shares of the restaurant operator’s stock valued at $23,336,000 after buying an additional 9,080 shares during the period. Trexquant Investment LP bought a new stake in Yum! Brands during the second quarter valued at about $2,173,000. National Pension Service boosted its stake in Yum! Brands by 8.3% in the third quarter. National Pension Service now owns 310,459 shares of the restaurant operator’s stock valued at $28,193,000 after buying an additional 23,913 shares during the period. Smith Asset Management Group LP bought a new stake in Yum! Brands during the second quarter valued at about $16,815,000. Finally, Conning Inc. boosted its stake in Yum! Brands by 0.4% in the third quarter. Conning Inc. now owns 35,045 shares of the restaurant operator’s stock valued at $3,182,000 after buying an additional 150 shares during the period. 72.81% of the stock is owned by institutional investors.
Yum! Brands, Inc. (NYSE:YUM) remained flat at $64.66 during trading on Friday. The company’s stock had a trading volume of 1,557,714 shares. Yum! Brands, Inc. has a 52 week low of $46.43 and a 52 week high of $66.13. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 16.63 and a beta of 0.78. The stock has a 50 day moving average price of $63.90 and a 200-day moving average price of $63.29.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 3rd. Stockholders of record on Friday, January 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. Yum! Brands’s payout ratio is 30.53%.
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YUM has been the subject of several research reports. Jefferies Group reissued a “hold” rating and issued a $85.00 price objective on shares of Yum! Brands in a research report on Friday, October 7th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $97.00 price target on shares of Yum! Brands in a report on Monday, October 17th. Credit Suisse Group upgraded shares of Yum! Brands from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $90.00 to $96.00 in a report on Wednesday, October 19th. Zacks Investment Research lowered shares of Yum! Brands from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Finally, Morgan Stanley boosted their price target on shares of Yum! Brands from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.16.
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’s segments include 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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