Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 13.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,314 shares of the restaurant operator’s stock after selling 7,559 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Yum! Brands were worth $3,564,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of YUM. DnB Asset Management AS increased its position in shares of Yum! Brands by 8.0% in the first quarter. DnB Asset Management AS now owns 41,877 shares of the restaurant operator’s stock worth $2,676,000 after buying an additional 3,100 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of Yum! Brands by 2.7% in the first quarter. Capital Investment Advisors LLC now owns 4,829 shares of the restaurant operator’s stock worth $309,000 after buying an additional 125 shares during the last quarter. Jolley Asset Management LLC increased its position in shares of Yum! Brands by 13.5% in the first quarter. Jolley Asset Management LLC now owns 43,281 shares of the restaurant operator’s stock worth $2,766,000 after buying an additional 5,147 shares during the last quarter. Howland Capital Management LLC increased its position in shares of Yum! Brands by 11.7% in the first quarter. Howland Capital Management LLC now owns 157,474 shares of the restaurant operator’s stock worth $10,063,000 after buying an additional 16,432 shares during the last quarter. Finally, Cullinan Associates Inc. increased its position in shares of Yum! Brands by 6.2% in the first quarter. Cullinan Associates Inc. now owns 70,570 shares of the restaurant operator’s stock worth $4,509,000 after buying an additional 4,100 shares during the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE:YUM) opened at 75.56 on Friday. The stock’s 50 day moving average price is $74.41 and its 200-day moving average price is $69.15. Yum! Brands, Inc. has a 12 month low of $59.57 and a 12 month high of $76.62. The firm has a market capitalization of $26.05 billion, a price-to-earnings ratio of 20.06 and a beta of 0.82.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. On average, equities research analysts predict that Yum! Brands, Inc. will post $2.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Friday, July 14th were given a $0.30 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.59%. Yum! Brands’s dividend payout ratio is currently 33.15%.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Daily Political and is owned by of Daily Political. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2017/08/13/mitsubishi-ufj-kokusai-asset-management-co-ltd-sells-7559-shares-of-yum-brands-inc-yum.html.

A number of research analysts recently commented on the company. BidaskClub upgraded Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, August 1st. Barclays PLC restated an “equal weight” rating and set a $74.00 price objective (up from $72.00) on shares of Yum! Brands in a research note on Friday, August 4th. BMO Capital Markets upped their price objective on Yum! Brands from $66.00 to $77.00 and gave the stock a “market perform” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $83.00 price objective on shares of Yum! Brands in a research note on Friday, August 4th. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Yum! Brands presently has an average rating of “Buy” and an average price target of $78.64.

In other news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the transaction, the chief financial officer now directly owns 39,664 shares in the company, valued at approximately $2,935,136. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the transaction, the chief executive officer now owns 6,719 shares in the company, valued at $495,996.58. The disclosure for this sale can be found here. Insiders sold a total of 11,294 shares of company stock worth $833,488 over the last 90 days. 7.38% of the stock is 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.

Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM).

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

Receive News & Ratings for Yum! Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.