Virginia Retirement Systems ET AL purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,500 shares of the restaurant operator’s stock, valued at approximately $3,244,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steinberg Global Asset Management purchased a new stake in shares of Yum! Brands in the first quarter valued at approximately $243,000. Oppenheimer & Co. Inc. boosted its position in Yum! Brands by 10.5% during the first quarter. Oppenheimer & Co. Inc. now owns 28,471 shares of the restaurant operator’s stock worth $2,841,000 after purchasing an additional 2,702 shares in the last quarter. Exane Derivatives purchased a new stake in Yum! Brands during the first quarter worth $1,095,000. Baldwin Brothers Inc. MA purchased a new stake in Yum! Brands during the first quarter worth $80,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Yum! Brands during the first quarter worth $1,407,000. 75.09% of the stock is currently owned by institutional investors.
YUM has been the subject of a number of analyst reports. Citigroup boosted their price target on Yum! Brands from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday. BTIG Research boosted their price target on Yum! Brands to $114.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $112.00 target price on shares of Yum! Brands in a research note on Monday, April 29th. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, Mizuho lowered Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 target price for the company. in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $98.33.
In other news, VP David Eric Russell sold 5,872 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.00, for a total value of $587,200.00. Following the completion of the sale, the vice president now owns 23,653 shares of the company’s stock, valued at $2,365,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David W. Gibbs sold 1,531 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $99.54, for a total value of $152,395.74. Following the completion of the sale, the chief financial officer now directly owns 41,345 shares of the company’s stock, valued at approximately $4,115,481.30. The disclosure for this sale can be found here. Insiders sold 13,251 shares of company stock valued at $1,328,764 in the last ninety days. Company insiders own 0.67% of the company’s stock.
NYSE:YUM traded down $0.32 on Wednesday, hitting $101.46. 935,355 shares of the stock were exchanged, compared to its average volume of 1,711,020. Yum! Brands, Inc. has a fifty-two week low of $77.09 and a fifty-two week high of $104.47. The firm has a market capitalization of $31.00 billion, a PE ratio of 32.01, a P/E/G ratio of 2.17 and a beta of 0.56.
Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The company’s revenue was down 8.5% compared to the same quarter last year. As a group, research analysts predict that Yum! Brands, Inc. will post 3.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 16th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Wednesday, May 15th. Yum! Brands’s payout ratio is 53.00%.
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Yum! Brands 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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