Oregon Public Employees Retirement Fund Sells 41,100 Shares of Yum! Brands, Inc. (NYSE:YUM)

Oregon Public Employees Retirement Fund trimmed its stake in Yum! Brands, Inc. (NYSE:YUM) by 55.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,510 shares of the restaurant operator’s stock after selling 41,100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Yum! Brands were worth $3,375,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC grew its position in Yum! Brands by 2.1% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,431 shares of the restaurant operator’s stock valued at $503,000 after acquiring an additional 93 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Yum! Brands by 2.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 4,209 shares of the restaurant operator’s stock worth $424,000 after purchasing an additional 97 shares during the last quarter. Davis R M Inc. grew its holdings in shares of Yum! Brands by 2.1% in the fourth quarter. Davis R M Inc. now owns 4,806 shares of the restaurant operator’s stock worth $484,000 after purchasing an additional 100 shares during the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Yum! Brands by 1.2% in the third quarter. Cornerstone Advisors Inc. now owns 8,191 shares of the restaurant operator’s stock worth $929,000 after purchasing an additional 101 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Yum! Brands by 3.8% in the third quarter. Fisher Asset Management LLC now owns 2,964 shares of the restaurant operator’s stock worth $336,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 75.29% of the company’s stock.

In related news, Director Greg Creed sold 45,113 shares of Yum! Brands stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $102.35, for a total value of $4,617,315.55. Following the completion of the sale, the director now directly owns 194,619 shares in the company, valued at approximately $19,919,254.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President David W. Gibbs sold 1,530 shares of Yum! Brands stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $100.43, for a total value 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. 0.67% of the stock is owned by insiders.

Several research analysts have recently issued reports on the stock. BTIG Research cut shares of Yum! Brands from a “buy” rating to a “neutral” rating in a report on Friday, February 7th. BMO Capital Markets restated an “average” rating and issued a $108.00 target price on shares of Yum! Brands in a report on Friday, February 7th. Cfra lowered Yum! Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. UBS Group dropped their price target on Yum! Brands from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley raised Yum! Brands from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $113.00 to $118.00 in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $111.42.

Yum! Brands stock traded up $0.37 on Friday, hitting $105.40. 23,482 shares of the stock traded hands, compared to its average volume of 1,886,458. The firm has a market cap of $31.49 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 2.14 and a beta of 0.44. The business’s fifty day simple moving average is $103.54 and its 200 day simple moving average is $107.49. Yum! Brands, Inc. has a 1 year low of $92.02 and a 1 year high of $119.72.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.00 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.13). The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Yum! Brands had a net margin of 23.12% and a negative return on equity of 13.90%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. On average, equities analysts forecast that Yum! Brands, Inc. will post 3.93 EPS for the current year.

Yum! Brands announced that its board has approved a stock repurchase program on Thursday, November 21st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the restaurant operator to purchase up to 6.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The business also recently declared 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 1.78%. The ex-dividend date is Thursday, February 13th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.42. Yum! Brands’s payout ratio is currently 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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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