Yum! Brands, Inc. (YUM) Stake Lifted by People s United Financial Inc.
People s United Financial Inc. increased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,632 shares of the restaurant operator’s stock after buying an additional 618 shares during the period. People s United Financial Inc.’s holdings in Yum! Brands were worth $1,240,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. U S Global Investors Inc acquired a new position in Yum! Brands during the 3rd quarter worth approximately $561,000. InterOcean Capital LLC boosted its stake in shares of Yum! Brands by 880.3% in the 3rd quarter. InterOcean Capital LLC now owns 102,222 shares of the restaurant operator’s stock valued at $9,293,000 after purchasing an additional 91,794 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Yum! Brands by 2.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 7,386,140 shares of the restaurant operator’s stock valued at $671,474,000 after purchasing an additional 178,182 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Yum! Brands by 91.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,806 shares of the restaurant operator’s stock valued at $3,073,000 after purchasing an additional 16,104 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Yum! Brands by 1.4% during the third quarter. Franklin Resources Inc. now owns 1,499,504 shares of the restaurant operator’s stock worth $136,320,000 after acquiring an additional 21,260 shares in the last quarter. 70.89% of the stock is owned by institutional investors and hedge funds.
In other Yum! Brands news, CEO Roger G. Eaton sold 44,823 shares of the stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $90.54, for a total value of $4,058,274.42. Following the sale, the chief executive officer now owns 160,726 shares in the company, valued at $14,552,132.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Scott Catlett sold 745 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $90.00, for a total value of $67,050.00. Following the completion of the sale, the general counsel now owns 5,188 shares in the company, valued at approximately $466,920. The disclosure for this sale can be found here. Insiders have sold a total of 72,034 shares of company stock valued at $6,468,508 over the last quarter. Corporate insiders own 0.63% of the company’s stock.
NYSE YUM opened at $90.43 on Friday. The stock has a market cap of $28.32 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 1.91 and a beta of 0.80. Yum! Brands, Inc. has a 52 week low of $75.88 and a 52 week high of $93.24.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the firm posted $0.68 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 3.72 earnings per share for the current fiscal year.
Yum! Brands announced that its Board of Directors has authorized a share repurchase plan on Friday, August 10th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 7.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Monday, November 26th were given a dividend of $0.36 per share. The ex-dividend date was Friday, November 23rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.59%. Yum! Brands’s dividend payout ratio is currently 48.65%.
Yum! Brands Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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