Northern Trust Corp cut its position in shares of Yum Brands Inc. (NYSE:YUM) by 6.3% during the third quarter, Holdings Channel reports. The firm owned 4,753,824 shares of the restaurant operator’s stock after selling 322,333 shares during the period. Northern Trust Corp’s holdings in Yum Brands were worth $431,695,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. First Manhattan Co. raised its stake in Yum Brands by 0.8% in the second quarter. First Manhattan Co. now owns 683,195 shares of the restaurant operator’s stock worth $56,650,000 after buying an additional 5,308 shares during the period. Eqis Capital Management Inc. raised its stake in Yum Brands by 5.9% in the second quarter. Eqis Capital Management Inc. now owns 2,799 shares of the restaurant operator’s stock worth $232,000 after buying an additional 157 shares during the period. Nisa Investment Advisors LLC raised its stake in Yum Brands by 3.0% in the second quarter. Nisa Investment Advisors LLC now owns 135,320 shares of the restaurant operator’s stock worth $11,221,000 after buying an additional 3,970 shares during the period. Palladium Partners LLC raised its stake in Yum Brands by 3.4% in the second quarter. Palladium Partners LLC now owns 6,135 shares of the restaurant operator’s stock worth $509,000 after buying an additional 200 shares during the period. Finally, Vigilant Capital Management LLC raised its stake in Yum Brands by 5.9% in the second quarter. Vigilant Capital Management LLC now owns 1,694 shares of the restaurant operator’s stock worth $140,000 after buying an additional 94 shares during the period. 72.80% of the stock is owned by institutional investors.
Yum Brands Inc. (NYSE:YUM) opened at 63.81 on Tuesday. Yum Brands Inc. has a 52-week low of $46.43 and a 52-week high of $66.13. The company has a market capitalization of $23.42 billion, a PE ratio of 16.42 and a beta of 0.78. The company has a 50-day moving average price of $62.87 and a 200 day moving average price of $62.85.
Yum Brands (NYSE:YUM) last issued its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. The company had revenue of $3.32 billion for the quarter. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share. Equities research analysts anticipate that Yum Brands Inc. will post $2.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 3rd. Stockholders of record on Friday, January 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, January 11th. Yum Brands’s dividend payout ratio (DPR) is presently 51.91%.
A number of research analysts recently issued reports on YUM shares. BTIG Research restated a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Robert W. Baird restated a “neutral” rating and set a $92.00 price target on shares of Yum Brands in a report on Wednesday, September 7th. Citigroup Inc. boosted their price target on Yum Brands from $88.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, September 9th. Zacks Investment Research downgraded Yum Brands from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Finally, Royal Bank Of Canada downgraded Yum Brands from a “top pick” rating to an “outperform” rating and set a $97.00 price target on the stock. in a report on Friday, September 23rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $90.42.
In other news, CFO David W. Gibbs sold 14,487 shares of the firm’s stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the transaction, the chief financial officer now directly owns 48,261 shares of the company’s stock, valued at $4,339,629.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 7.38% of the company’s stock.
About Yum Brands
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM’s segments include The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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