Redpoint Investment Management Pty Ltd lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 20.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,722 shares of the restaurant operator’s stock after selling 13,050 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Yum! Brands were worth $5,724,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Howe & Rusling Inc. bought a new position in shares of Yum! Brands in the 1st quarter valued at $25,000. Liberty Wealth Management LLC lifted its stake in shares of Yum! Brands by 302.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 290 shares during the last quarter. Motco lifted its stake in shares of Yum! Brands by 74.6% in the 1st quarter. Motco now owns 468 shares of the restaurant operator’s stock valued at $47,000 after acquiring an additional 200 shares during the last quarter. Advisory Alpha LLC bought a new position in shares of Yum! Brands in the 1st quarter valued at $50,000. Finally, Bremer Bank National Association bought a new position in shares of Yum! Brands in the 1st quarter valued at $52,000. 77.31% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Greg Creed sold 44,949 shares of Yum! Brands stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total value of $4,756,503.18. Following the completion of the transaction, the chief executive officer now directly owns 158,745 shares of the company’s stock, valued at approximately $16,798,395.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David W. Gibbs sold 1,572 shares of Yum! Brands stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $109.93, for a total value of $172,809.96. Following the completion of the transaction, the chief financial officer now directly owns 43,516 shares of the company’s stock, valued at $4,783,713.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,556 shares of company stock valued at $6,741,879. 0.67% of the stock is owned by corporate insiders.
NYSE:YUM traded down $2.00 during trading hours on Friday, hitting $115.31. 1,055,210 shares of the company were exchanged, compared to its average volume of 1,517,537. The stock has a market capitalization of $35.70 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 2.47 and a beta of 0.53. Yum! Brands, Inc. has a one year low of $83.42 and a one year high of $119.72. The company has a fifty day simple moving average of $114.25 and a 200 day simple moving average of $104.57.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. Yum! Brands’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. On average, research analysts anticipate that Yum! Brands, Inc. will post 3.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 19th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, August 16th. Yum! Brands’s dividend payout ratio is currently 53.00%.
YUM has been the subject of a number of research reports. Edward Jones cut Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. increased their price target on Yum! Brands from $97.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. Citigroup set a $138.00 price target on Yum! Brands and gave the company a “hold” rating in a research note on Monday, August 12th. MKM Partners initiated coverage on Yum! Brands in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $125.00 price target for the company. Finally, UBS Group increased their price target on Yum! Brands from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $110.65.
About Yum! Brands
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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