Sei Investments Co. lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 28.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,125 shares of the restaurant operator’s stock after selling 40,655 shares during the period. Sei Investments Co.’s holdings in Yum! Brands were worth $9,508,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in shares of Yum! Brands during the third quarter worth about $203,000. JGP Wealth Management LLC purchased a new stake in shares of Yum! Brands during the third quarter worth about $206,000. DekaBank Deutsche Girozentrale increased its stake in shares of Yum! Brands by 28.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 46,308 shares of the restaurant operator’s stock worth $4,136,000 after purchasing an additional 10,205 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of Yum! Brands during the second quarter worth about $403,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Yum! Brands by 11.2% during the second quarter. Advisors Asset Management Inc. now owns 28,485 shares of the restaurant operator’s stock worth $2,476,000 after purchasing an additional 2,866 shares in the last quarter. 75.22% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Anthony Lowings sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $96.12, for a total value of $393,611.40. Also, insider Tracy L. Skeans sold 3,370 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $95.00, for a total transaction of $320,150.00. Following the sale, the insider now directly owns 13,186 shares in the company, valued at $1,252,670. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,953 shares of company stock worth $3,369,254. Company insiders own 0.72% of the company’s stock.
A number of research firms have recently commented on YUM. Credit Suisse Group boosted their target price on shares of Yum! Brands from $99.00 to $103.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Royal Bank of Canada upped their price objective on shares of Yum! Brands from $87.00 to $94.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Morgan Stanley upped their price objective on shares of Yum! Brands from $103.00 to $113.00 and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Bank of America upped their price objective on shares of Yum! Brands from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Yum! Brands from a “hold” rating to a “buy” rating and upped their price objective for the company from $80.00 to $107.00 in a research note on Monday, August 3rd. Fourteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Yum! Brands has a consensus rating of “Hold” and an average price target of $101.21.
Shares of YUM stock opened at $104.99 on Friday. The firm’s 50 day moving average price is $98.21 and its 200-day moving average price is $92.57. Yum! Brands, Inc. has a one year low of $54.95 and a one year high of $107.62. The firm has a market cap of $31.67 billion, a P/E ratio of 31.53, a P/E/G ratio of 2.49 and a beta of 0.93.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, October 29th. The restaurant operator reported $1.01 EPS for the quarter, topping the consensus estimate of $0.79 by $0.22. Yum! Brands had a net margin of 18.78% and a negative return on equity of 12.42%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts forecast that Yum! Brands, Inc. will post 3.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Wednesday, November 25th will be issued a $0.47 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $1.88 annualized dividend and a dividend yield of 1.79%. Yum! Brands’s dividend payout ratio is currently 52.96%.
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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