Regent Investment Management LLC maintained its position in Yum! Brands, Inc. (NYSE:YUM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,550 shares of the restaurant operator’s stock at the end of the first quarter. Regent Investment Management LLC’s holdings in Yum! Brands were worth $738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Yum! Brands during the fourth quarter worth approximately $244,932,000. Morgan Stanley boosted its position in Yum! Brands by 35.7% in the third quarter. Morgan Stanley now owns 3,398,769 shares of the restaurant operator’s stock worth $308,643,000 after buying an additional 893,892 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Yum! Brands during the fourth quarter worth approximately $53,881,000. Janus Capital Management LLC boosted its position in Yum! Brands by 101.6% in the fourth quarter. Janus Capital Management LLC now owns 1,461,260 shares of the restaurant operator’s stock worth $92,541,000 after buying an additional 736,459 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Yum! Brands by 1,531.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 713,119 shares of the restaurant operator’s stock worth $45,180,000 after buying an additional 669,416 shares in the last quarter. 73.31% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

Shares of Yum! Brands, Inc. (NYSE:YUM) traded down 0.09% during mid-day trading on Tuesday, reaching $63.83. 810,353 shares of the company’s stock traded hands. The firm has a market capitalization of $22.59 billion, a price-to-earnings ratio of 15.79 and a beta of 0.76. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $91.99. The stock has a 50-day moving average price of $64.15 and a 200 day moving average price of $63.97.

Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, February 9th. The restaurant operator reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Yum! Brands had a net margin of 14.76% and a negative return on equity of 75.96%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. Analysts anticipate that Yum! Brands, Inc. will post $2.72 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 5th. Stockholders of record on Friday, April 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Tuesday, April 11th. Yum! Brands’s dividend payout ratio is 29.93%.

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A number of research analysts recently commented on YUM shares. Royal Bank of Canada reissued an “outperform” rating and issued a $72.00 target price on shares of Yum! Brands in a research note on Wednesday, February 1st. Evercore ISI raised Yum! Brands from an “in-line” rating to an “outperform” rating in a research note on Friday, March 10th. Sanford C. Bernstein reissued an “outperform” rating and issued a $76.00 target price on shares of Yum! Brands in a research note on Saturday, January 28th. Jefferies Group LLC reissued a “hold” rating and issued a $60.00 target price (down previously from $85.00) on shares of Yum! Brands in a research note on Tuesday, January 24th. Finally, Zacks Investment Research raised Yum! Brands from a “sell” rating to a “hold” rating in a research note on Saturday, January 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $79.27.

In other news, CEO Brian R. Niccol sold 11,938 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $68.17, for a total transaction of $813,813.46. Following the sale, the chief executive officer now directly owns 36,910 shares in the company, valued at approximately $2,516,154.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David W. Gibbs sold 7,986 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $68.33, for a total transaction of $545,683.38. Following the sale, the chief financial officer now owns 39,098 shares in the company, valued at $2,671,566.34. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by corporate insiders.

About Yum! Brands

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

5 Day Chart for NYSE:YUM

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