Maryland Capital Management Lowers Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Maryland Capital Management reduced its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,733 shares of the restaurant operator’s stock after selling 2,000 shares during the period. Maryland Capital Management’s holdings in Yum! Brands were worth $772,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of YUM. Oregon Public Employees Retirement Fund increased its stake in Yum! Brands by 6,899.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock worth $64,000 after buying an additional 5,832,264 shares in the last quarter. Norges Bank purchased a new stake in shares of Yum! Brands in the fourth quarter valued at approximately $292,344,000. Two Sigma Investments LP grew its position in shares of Yum! Brands by 63.9% in the fourth quarter. Two Sigma Investments LP now owns 2,008,383 shares of the restaurant operator’s stock valued at $184,611,000 after purchasing an additional 783,149 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Yum! Brands by 118.0% in the fourth quarter. Acadian Asset Management LLC now owns 1,390,826 shares of the restaurant operator’s stock valued at $127,843,000 after purchasing an additional 752,837 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Yum! Brands by 233.9% in the first quarter. Janus Henderson Group PLC now owns 845,079 shares of the restaurant operator’s stock valued at $84,348,000 after purchasing an additional 591,961 shares in the last quarter. Institutional investors own 74.85% of the company’s stock.

YUM traded up $0.11 during trading hours on Friday, reaching $110.67. The company’s stock had a trading volume of 3,871,236 shares, compared to its average volume of 1,692,281. Yum! Brands, Inc. has a fifty-two week low of $77.09 and a fifty-two week high of $111.29. The stock has a market cap of $33.74 billion, a PE ratio of 34.91, a PEG ratio of 2.36 and a beta of 0.55. The business has a 50-day moving average of $105.27.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.82 EPS for the quarter, beating 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 firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the firm posted $0.90 earnings per share. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. On average, analysts expect that Yum! Brands, Inc. will post 3.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Wednesday, May 15th. Yum! Brands’s dividend payout ratio (DPR) is 53.00%.

In other Yum! Brands news, CFO David W. Gibbs sold 1,572 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $109.93, for a total transaction of $172,809.96. Following the transaction, the chief financial officer now directly owns 43,516 shares in the company, valued at $4,783,713.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tracy L. Skeans sold 6,049 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $110.00, for a total value of $665,390.00. Following the transaction, the insider now owns 9,106 shares in the company, valued at $1,001,660. The disclosure for this sale can be found here. Insiders have sold 58,418 shares of company stock worth $6,183,872 over the last 90 days. 0.67% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on the company. Evercore ISI assumed coverage on Yum! Brands in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $120.00 price target for the company. JPMorgan Chase & Co. upped their price target on Yum! Brands from $97.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a research report on Tuesday, April 9th. BTIG Research upped their price target on Yum! Brands to $114.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Mizuho lowered Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price target for the company. in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $101.93.

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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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