Rational Advisors LLC lifted its position in Yum! Brands, Inc. (NYSE:YUM) by 699.5% in the 4th quarter, HoldingsChannel reports. The firm owned 4,749 shares of the restaurant operator’s stock after purchasing an additional 4,155 shares during the quarter. Rational Advisors LLC’s holdings in Yum! Brands were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in YUM. BlackRock Inc. increased its holdings in Yum! Brands by 13.3% in the 2nd quarter. BlackRock Inc. now owns 25,133,613 shares of the restaurant operator’s stock worth $2,781,538,000 after buying an additional 2,947,074 shares during the period. Cerebellum GP LLC acquired a new stake in Yum! Brands during the third quarter valued at $140,000. Fox Run Management L.L.C. purchased a new position in Yum! Brands in the third quarter valued at $218,000. Wealthfront Advisers LLC increased its holdings in Yum! Brands by 32.2% in the third quarter. Wealthfront Advisers LLC now owns 15,873 shares of the restaurant operator’s stock valued at $1,800,000 after buying an additional 3,869 shares in the last quarter. Finally, DNB Asset Management AS increased its holdings in Yum! Brands by 57.2% in the third quarter. DNB Asset Management AS now owns 50,409 shares of the restaurant operator’s stock valued at $5,718,000 after buying an additional 18,348 shares in the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.
In other news, Director Greg Creed sold 45,113 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $102.35, for a total transaction of $4,617,315.55. Following the completion of the sale, the director now owns 194,619 shares of the company’s stock, valued at $19,919,254.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President David W. Gibbs sold 1,530 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $100.43, for a total transaction of $153,657.90. Following the completion of the sale, the president now owns 43,266 shares of the company’s stock, valued at $4,345,204.38. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.
Several equities research analysts have recently issued reports on YUM shares. Evercore ISI reissued a “buy” rating and set a $121.00 target price on shares of Yum! Brands in a research note on Sunday, February 9th. Royal Bank of Canada started coverage on Yum! Brands in a research note on Monday, December 9th. They issued a “sector perform” rating and a $107.00 price target for the company. Cowen lowered Yum! Brands from an “outperform” rating to a “market perform” rating and cut their price target for the company from $117.00 to $109.00 in a research note on Wednesday, January 8th. Deutsche Bank assumed coverage on Yum! Brands in a report on Friday. They issued a “hold” rating and a $97.00 price target for the company. Finally, Robert W. Baird reiterated a “buy” rating and set a $120.00 price target on shares of Yum! Brands in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $111.42.
Yum! Brands stock traded up $0.25 during midday trading on Friday, reaching $105.28. The company had a trading volume of 74,968 shares, compared to its average volume of 1,886,458. The company has a market capitalization of $31.49 billion, a P/E ratio of 25.43, a P/E/G ratio of 2.14 and a beta of 0.44. Yum! Brands, Inc. has a 12-month low of $92.02 and a 12-month high of $119.72. The firm’s fifty day simple moving average is $103.54 and its 200-day simple moving average is $107.49.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.13). Yum! Brands had a negative return on equity of 13.90% and a net margin of 23.12%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts forecast that Yum! Brands, Inc. will post 3.93 earnings per share for the current fiscal year.
Yum! Brands announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 21st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the restaurant operator to buy up to 6.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 14th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Thursday, February 13th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.42. Yum! Brands’s dividend payout ratio (DPR) is 47.32%.
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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