Cypress Capital Management LLC Reduces Holdings in Yum! Brands, Inc. (YUM)
Cypress Capital Management LLC lessened its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 19.0% in the 1st quarter, Holdings Channel reports. The firm owned 4,577 shares of the restaurant operator’s stock after selling 1,075 shares during the period. Cypress Capital Management LLC’s holdings in Yum! Brands were worth $457,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its position in shares of Yum! Brands by 125.1% during the first quarter. Teacher Retirement System of Texas now owns 173,629 shares of the restaurant operator’s stock worth $17,330,000 after acquiring an additional 96,504 shares during the period. Frisch Financial Group Inc. purchased a new position in shares of Yum! Brands during the first quarter worth approximately $299,000. Toronto Dominion Bank increased its position in shares of Yum! Brands by 13.5% during the first quarter. Toronto Dominion Bank now owns 224,334 shares of the restaurant operator’s stock worth $22,385,000 after acquiring an additional 26,640 shares during the period. Chilton Investment Co. LLC increased its position in shares of Yum! Brands by 2.5% during the first quarter. Chilton Investment Co. LLC now owns 8,150 shares of the restaurant operator’s stock worth $813,000 after acquiring an additional 196 shares during the period. Finally, Cetera Advisor Networks LLC increased its position in shares of Yum! Brands by 7.8% during the first quarter. Cetera Advisor Networks LLC now owns 9,774 shares of the restaurant operator’s stock worth $974,000 after acquiring an additional 709 shares during the period. 75.09% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on YUM. BTIG Research raised their target price on shares of Yum! Brands to $114.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Robert W. Baird reaffirmed an “outperform” rating and set a $112.00 target price on shares of Yum! Brands in a research report on Monday, April 29th. Zacks Investment Research downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. BMO Capital Markets increased their price objective on shares of Yum! Brands to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 8th. Finally, Mizuho downgraded shares of Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $98.17.
Shares of NYSE YUM traded down $0.43 during midday trading on Wednesday, reaching $100.25. 5,761 shares of the company’s stock traded hands, compared to its average volume of 1,371,396. Yum! Brands, Inc. has a one year low of $77.09 and a one year high of $104.47. The company has a market cap of $30.81 billion, a PE ratio of 31.70, a P/E/G ratio of 2.15 and a beta of 0.56.
Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Yum! Brands had a net margin of 24.61% and a negative return on equity of 13.06%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm earned $0.90 earnings per share. The company’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, equities research analysts expect that Yum! Brands, Inc. will post 3.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.68%. Yum! Brands’s dividend payout ratio is presently 53.00%.
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Yum! Brands Company 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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