Elkhorn Investments LLC trimmed its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 7.9% in the 4th quarter, Holdings Channel reports. The firm owned 17,098 shares of the restaurant operator’s stock after selling 1,473 shares during the quarter. Elkhorn Investments LLC’s holdings in Yum! Brands were worth $1,283,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in YUM. First Trust Advisors LP lifted its position in shares of Yum! Brands by 543.5% during the third 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. lifted its position in shares of Yum! Brands by 13.4% during the third 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 stake in shares of Yum! Brands during the third quarter worth $2,226,000. Sei Investments Co. lifted its position in shares of Yum! Brands by 43.0% during the third 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 lifted its position in shares of Yum! Brands by 6.2% during the third quarter. New York State Common Retirement Fund now owns 1,208,851 shares of the restaurant operator’s stock worth $88,984,000 after purchasing an additional 70,400 shares during the last quarter. Institutional investors and hedge funds own 75.60% of the company’s stock.

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In other news, CEO Brian R. Niccol sold 945 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $79.90, for a total transaction of $75,505.50. Following the sale, the chief executive officer now owns 10,785 shares in the company, valued at $861,721.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 2,294 shares of the business’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 sale, the chief executive officer now owns 10,160 shares in the company, valued at approximately $862,584. The disclosure for this sale can be found here. Insiders sold 4,343 shares of company stock valued at $361,203 over the last quarter. 0.65% of the stock is currently owned by corporate insiders.

YUM has been the subject of several recent research reports. Wells Fargo & Co decreased their price objective on Yum! Brands from $85.00 to $82.00 and set a “market perform” rating for the company in a report on Friday, February 9th. Deutsche Bank lifted their price objective on Yum! Brands from $75.00 to $82.00 and gave the company a “hold” rating in a report on Monday, February 12th. Edward Jones upgraded Yum! Brands from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Royal Bank of Canada restated an “outperform” rating and issued a $89.00 price objective (down from $92.00) on shares of Yum! Brands in a report on Friday, February 2nd. Finally, Instinet downgraded Yum! Brands from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Fourteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Yum! Brands currently has a consensus rating of “Hold” and a consensus price target of $82.26.

Shares of Yum! Brands, Inc. (NYSE YUM) traded up $0.06 during trading on Wednesday, reaching $82.41. 158,179 shares of the company’s stock were exchanged, compared to its average volume of 2,161,298. The company has a market capitalization of $27,402.40, a P/E ratio of 27.75, a PEG ratio of 1.98 and a beta of 0.93. The company has a debt-to-equity ratio of -1.49, a current ratio of 1.66 and a quick ratio of 1.65. Yum! Brands, Inc. has a fifty-two week low of $62.85 and a fifty-two week high of $86.93.

Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, February 8th. The restaurant operator reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.16. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.59 billion. Yum! Brands had a net margin of 22.80% and a negative return on equity of 17.27%. The firm’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. equities research analysts predict that Yum! Brands, Inc. will post 3.26 EPS for the current year.

Yum! Brands announced that its Board of Directors has authorized a share buyback program on Friday, November 17th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Wednesday, February 14th were issued a $0.36 dividend. The ex-dividend date was Tuesday, February 13th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a yield of 1.75%. Yum! Brands’s payout ratio is currently 37.99%.

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Yum! Brands Company 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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