Tredje AP fonden cut its position in Yum! Brands, Inc. (NYSE:YUM) by 50.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,536 shares of the restaurant operator’s stock after selling 18,955 shares during the quarter. Tredje AP fonden’s holdings in Yum! Brands were worth $2,355,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in YUM. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Yum! Brands by 3.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,875 shares of the restaurant operator’s stock valued at $7,039,000 after buying an additional 2,414 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Yum! Brands during the fourth quarter worth approximately $64,000. Savior LLC acquired a new position in shares of Yum! Brands in the 4th quarter valued at $34,000. Harel Insurance Investments & Financial Services Ltd. raised its position in Yum! Brands by 2,425.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,637 shares of the restaurant operator’s stock valued at $366,000 after purchasing an additional 3,493 shares during the last quarter. Finally, Davis R M Inc. boosted its stake in Yum! Brands by 2.1% during the 4th 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 period. Hedge funds and other institutional investors own 74.59% of the company’s stock.
YUM stock traded down $0.76 during trading on Friday, reaching $87.25. 2,240,159 shares of the company were exchanged, compared to its average volume of 2,307,283. The stock’s 50 day moving average price is $81.45 and its 200 day moving average price is $92.50. Yum! Brands, Inc. has a 52-week low of $54.95 and a 52-week high of $119.72. The company has a market cap of $26.49 billion, a P/E ratio of 26.12, a PEG ratio of 2.55 and a beta of 0.95.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.88 dividend on an annualized basis and a yield of 2.15%. Yum! Brands’s payout ratio is 52.96%.
A number of brokerages have recently commented on YUM. Cfra reduced their target price on shares of Yum! Brands from $110.00 to $94.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Stifel Nicolaus raised Yum! Brands from a “hold” rating to a “buy” rating and upped their price objective for the company from $87.00 to $95.00 in a research note on Thursday, May 14th. Credit Suisse Group increased their price objective on Yum! Brands from $79.00 to $84.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Wolfe Research initiated coverage on Yum! Brands in a report on Friday, April 17th. They issued a “market perform” rating on the stock. Finally, UBS Group decreased their price target on Yum! Brands from $109.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $99.52.
In other Yum! Brands news, CEO David W. Gibbs sold 5,424 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $84.39, for a total value of $457,731.36. Following the sale, the chief executive officer now owns 80,335 shares of the company’s stock, valued at $6,779,470.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony Lowings sold 4,260 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $83.91, for a total transaction of $357,456.60. Following the completion of the sale, the chief executive officer now directly owns 52,514 shares in the company, valued at approximately $4,406,449.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,421 shares of company stock worth $1,123,093. 0.72% of the stock is owned by company insiders.
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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