Yum! Brands, Inc. (YUM) Shares Sold by Arizona State Retirement System
Arizona State Retirement System decreased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 82,014 shares of the restaurant operator’s stock after selling 1,200 shares during the period. Arizona State Retirement System’s holdings in Yum! Brands were worth $6,049,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in Yum! Brands by 3.6% in the first quarter. Bank of Montreal Can now owns 415,938 shares of the restaurant operator’s stock valued at $26,580,000 after buying an additional 14,273 shares during the period. Prospera Financial Services Inc boosted its stake in Yum! Brands by 30.8% in the first quarter. Prospera Financial Services Inc now owns 21,624 shares of the restaurant operator’s stock valued at $1,382,000 after buying an additional 5,089 shares during the period. Parametrica Management Ltd bought a new stake in Yum! Brands during the first quarter valued at approximately $311,000. Atria Investments LLC boosted its stake in Yum! Brands by 24.1% in the first quarter. Atria Investments LLC now owns 8,630 shares of the restaurant operator’s stock valued at $551,000 after buying an additional 1,676 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in Yum! Brands by 3.8% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 5,215 shares of the restaurant operator’s stock valued at $333,000 after buying an additional 191 shares during the period. 73.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of Yum! Brands, Inc. (YUM) opened at 75.56 on Friday. The firm has a market capitalization of $26.05 billion, a price-to-earnings ratio of 20.06 and a beta of 0.82. The company’s 50 day moving average is $74.41 and its 200-day moving average is $69.15. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $76.62.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. Equities analysts expect that Yum! Brands, Inc. will post $2.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. Yum! Brands’s dividend payout ratio (DPR) is presently 33.15%.
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Several analysts have recently commented on YUM shares. BMO Capital Markets started coverage on shares of Yum! Brands in a research note on Friday, April 21st. They set a “market perform” rating and a $66.00 price target on the stock. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Cowen and Company reissued an “outperform” rating and set a $75.00 price target on shares of Yum! Brands in a research note on Tuesday, April 25th. Royal Bank Of Canada increased their price target on shares of Yum! Brands from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Yum! Brands from a “sell” rating to a “neutral” rating and increased their price target for the company from $57.00 to $65.00 in a research note on Thursday, May 11th. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.64.
In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the transaction, the chief financial officer now owns 39,664 shares in the company, valued at $2,935,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the transaction, the chief executive officer now owns 6,719 shares of the company’s stock, valued at approximately $495,996.58. The disclosure for this sale can be found here. Insiders have sold 11,294 shares of company stock valued at $833,488 in the last 90 days. 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.
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