Boston Private Wealth LLC Has $1.93 Million Stake in Yum! Brands, Inc. (YUM)
Boston Private Wealth LLC decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 26.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,236 shares of the restaurant operator’s stock after selling 10,635 shares during the period. Boston Private Wealth LLC’s holdings in Yum! Brands were worth $1,932,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Yum! Brands during the fourth quarter valued at approximately $244,932,000. Renaissance Technologies LLC acquired a new position in shares of Yum! Brands during the fourth quarter valued at approximately $53,881,000. Bank of New York Mellon Corp increased its position in shares of Yum! Brands by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock valued at $453,737,000 after buying an additional 755,288 shares during the last quarter. Janus Capital Management LLC increased its position in shares of 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 valued at $92,541,000 after buying an additional 736,459 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of 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 valued at $45,180,000 after buying an additional 669,416 shares during the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.
Shares of Yum! Brands, Inc. (YUM) traded down 0.05% during trading on Tuesday, hitting $73.89. The company had a trading volume of 846,102 shares. Yum! Brands, Inc. has a 1-year low of $59.57 and a 1-year high of $91.99. The company’s 50 day moving average is $71.09 and its 200 day moving average is $66.41. The firm has a market capitalization of $25.73 billion, a P/E ratio of 18.61 and a beta of 0.74.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, May 3rd. The restaurant operator reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. Yum! Brands had a negative return on equity of 37.63% and a net margin of 15.44%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts anticipate that Yum! Brands, Inc. will post $2.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, July 12th. Yum! Brands’s dividend payout ratio (DPR) is 31.17%.
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Several research analysts have commented on YUM shares. Evercore ISI raised Yum! Brands from an “in-line” rating to an “outperform” rating in a research note on Friday, March 10th. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, April 12th. Royal Bank Of Canada upped their price objective on Yum! Brands from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $71.00 price objective (up previously from $68.00) on shares of Yum! Brands in a research note on Tuesday, May 30th. Finally, Citigroup Inc. upped their price objective on Yum! Brands from $67.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $77.70.
In other Yum! Brands news, CEO Brian R. Niccol sold 1,471 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total value of $106,853.44. Following the sale, the chief executive officer now directly owns 6,712 shares of the company’s stock, valued at $487,559.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David W. Gibbs sold 8,125 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $68.83, for a total value of $559,243.75. Following the completion of the sale, the chief financial officer now directly owns 39,181 shares in the company, valued at $2,696,828.23. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.
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.
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