Renaissance Technologies LLC purchased a new position in Yum! Brands, Inc. (NYSE:YUM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 722,100 shares of the restaurant operator’s stock, valued at approximately $58,931,000.

Several other large investors also recently bought and sold shares of YUM. First Trust Advisors LP boosted its position in shares of Yum! Brands by 543.5% in the 3rd quarter. First Trust Advisors LP now owns 94,642 shares of the restaurant operator’s stock worth $6,967,000 after purchasing an additional 79,934 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Yum! Brands by 13.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 125,052 shares of the restaurant operator’s stock worth $9,205,000 after purchasing an additional 14,803 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Yum! Brands in the 3rd quarter worth $2,226,000. Sei Investments Co. boosted its position in shares of Yum! Brands by 43.0% in the 3rd quarter. Sei Investments Co. now owns 197,148 shares of the restaurant operator’s stock worth $14,513,000 after purchasing an additional 59,263 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Yum! Brands by 6.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,208,851 shares of the restaurant operator’s stock worth $88,984,000 after buying an additional 70,400 shares during the period. Institutional investors and hedge funds own 75.60% of the company’s stock.

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Several analysts recently commented on the company. Instinet downgraded Yum! Brands from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Edward Jones raised Yum! Brands from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Nomura downgraded Yum! Brands from a “buy” rating to a “neutral” rating and set a $89.00 price objective on the stock. in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $89.00 price objective (down previously from $92.00) on shares of Yum! Brands in a research note on Friday, February 2nd. Fourteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Yum! Brands presently has an average rating of “Hold” and an average target price of $82.26.

Shares of Yum! Brands, Inc. (YUM) opened at $82.35 on Wednesday. Yum! Brands, Inc. has a 12 month low of $62.85 and a 12 month high of $86.93. The stock has a market capitalization of $27,380.00, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.98 and a beta of 0.95. The company has a quick ratio of 1.65, a current ratio of 1.66 and a debt-to-equity ratio of -1.49.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, February 8th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.16. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the business posted $0.79 EPS. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. equities research analysts forecast that Yum! Brands, Inc. will post 3.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Wednesday, February 14th were paid a $0.36 dividend. This is an increase from Yum! Brands’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.75%. Yum! Brands’s dividend payout ratio (DPR) is currently 28.57%.

Yum! Brands declared that its Board of Directors has authorized a stock buyback plan on Friday, November 17th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, CEO Brian R. Niccol sold 2,294 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $84.90, for a total value of $194,760.60. Following the completion of the transaction, the chief executive officer now owns 10,160 shares in the company, valued at approximately $862,584. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 945 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $79.90, for a total value of $75,505.50. Following the completion of the transaction, the chief executive officer now owns 10,785 shares of the company’s stock, valued at approximately $861,721.50. The disclosure for this sale can be found here. Insiders sold a total of 4,343 shares of company stock worth $361,203 in the last three months. Company insiders own 0.65% of the company’s stock.

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Yum! Brands Profile

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

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