Federated Investors Inc. PA trimmed its position in Yum! Brands, Inc. (NYSE:YUM) by 23.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,466 shares of the restaurant operator’s stock after selling 127,637 shares during the quarter. Federated Investors Inc. PA owned 0.14% of Yum! Brands worth $42,266,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Athena Capital Advisors LLC acquired a new stake in shares of Yum! Brands during the fourth quarter worth about $25,000. Howe & Rusling Inc. acquired a new stake in shares of Yum! Brands during the first quarter worth about $25,000. Bogart Wealth LLC raised its position in shares of Yum! Brands by 70.0% during the first quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 140 shares during the period. Sontag Advisory LLC acquired a new stake in shares of Yum! Brands during the fourth quarter worth about $41,000. Finally, JNBA Financial Advisors raised its position in shares of Yum! Brands by 54.0% during the fourth quarter. JNBA Financial Advisors now owns 462 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 74.85% of the company’s stock.
A number of equities research analysts recently issued reports on the company. UBS Group lifted their target price on Yum! Brands from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Citigroup raised their price target on Yum! Brands from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. BTIG Research raised their price target on Yum! Brands to $114.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. raised 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. Finally, Robert W. Baird restated an “outperform” rating and issued a $112.00 price target on shares of Yum! Brands in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. Yum! Brands currently has a consensus rating of “Hold” and a consensus target price of $101.93.
Shares of Yum! Brands stock traded up $0.11 during trading on Friday, reaching $110.67. 3,871,236 shares of the company’s stock were exchanged, compared to its average volume of 1,692,281. The stock has a market cap of $33.74 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.36 and a beta of 0.55. Yum! Brands, Inc. has a 1-year low of $77.09 and a 1-year high of $111.29. The company has a 50-day simple moving average of $105.27.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the company posted $0.90 EPS. Yum! Brands’s quarterly revenue was down 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 3.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 16th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.52%. Yum! Brands’s dividend payout ratio (DPR) is presently 53.00%.
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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