Point72 Hong Kong Ltd bought a new position in shares of Yum! Brands, Inc. (NYSE:YUM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,406 shares of the restaurant operator’s stock, valued at approximately $820,000.
Other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System raised its position in Yum! Brands by 1.6% in the second quarter. California State Teachers Retirement System now owns 518,158 shares of the restaurant operator’s stock valued at $57,345,000 after purchasing an additional 8,314 shares during the period. AQR Capital Management LLC raised its position in Yum! Brands by 20.0% in the second quarter. AQR Capital Management LLC now owns 448,577 shares of the restaurant operator’s stock valued at $49,330,000 after purchasing an additional 74,808 shares during the period. HBK Investments L P purchased a new stake in Yum! Brands in the second quarter valued at approximately $2,578,000. HBK Sorce Advisory LLC raised its position in Yum! Brands by 58.2% in the second quarter. HBK Sorce Advisory LLC now owns 3,352 shares of the restaurant operator’s stock valued at $278,000 after purchasing an additional 1,233 shares during the period. Finally, Balyasny Asset Management LLC raised its position in Yum! Brands by 10.0% in the second quarter. Balyasny Asset Management LLC now owns 137,464 shares of the restaurant operator’s stock valued at $15,213,000 after purchasing an additional 12,465 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.
A number of analysts have issued reports on the company. Goldman Sachs Group assumed coverage on Yum! Brands in a research report on Monday, July 29th. They issued a “neutral” rating and a $115.00 target price on the stock. Longbow Research lowered Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 price objective on the stock. in a research report on Monday, July 1st. BMO Capital Markets upped their price objective on Yum! Brands to $112.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Citigroup set a $138.00 price objective on Yum! Brands and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, Morgan Stanley upped their price objective on Yum! Brands from $106.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $110.65.
NYSE:YUM traded down $1.80 during trading hours on Friday, hitting $112.30. The company’s stock had a trading volume of 2,401,424 shares, compared to its average volume of 1,494,074. The stock has a market capitalization of $34.87 billion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 2.42 and a beta of 0.51. The stock has a fifty day moving average of $116.17 and a 200-day moving average of $107.43. Yum! Brands, Inc. has a 52-week low of $84.53 and a 52-week high of $119.72.
Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $1.31 billion for 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 quarter in the prior year, the company posted $0.82 earnings per share. As a group, analysts predict that Yum! Brands, Inc. will post 3.87 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 19th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.50%. The ex-dividend date was Friday, August 16th. Yum! Brands’s dividend payout ratio (DPR) is presently 53.00%.
In related news, CEO Greg Creed sold 11,389 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $116.93, for a total value of $1,331,715.77. Following the transaction, the chief executive officer now owns 25,004 shares of the company’s stock, valued at $2,923,717.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President David W. Gibbs sold 1,578 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $110.48, for a total value of $174,337.44. Following the completion of the transaction, the president now directly owns 42,928 shares in the company, valued at approximately $4,742,685.44. The disclosure for this sale can be found here. Insiders sold 22,953 shares of company stock worth $2,653,229 in the last three months. 0.67% of the stock is currently owned by corporate insiders.
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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