Xact Kapitalforvaltning AB Cuts Stake in Yum! Brands, Inc. (YUM)

Xact Kapitalforvaltning AB lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 4.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 58,574 shares of the restaurant operator’s stock after selling 2,947 shares during the period. Xact Kapitalforvaltning AB’s holdings in Yum! Brands were worth $4,320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Yum! Brands by 2,392.9% in the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock valued at $1,281,452,000 after buying an additional 19,249,564 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Yum! Brands by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock valued at $453,737,000 after buying an additional 755,288 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Yum! Brands by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 6,379,688 shares of the restaurant operator’s stock valued at $407,662,000 after buying an additional 17,799 shares during the period. Morgan Stanley boosted its position in shares of Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after buying an additional 2,148,751 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Yum! Brands by 6.0% in the first quarter. Geode Capital Management LLC now owns 3,024,137 shares of the restaurant operator’s stock valued at $192,940,000 after buying an additional 170,079 shares during the period. 73.75% of the stock is owned by hedge funds and other institutional investors.

Shares of Yum! Brands, Inc. (NYSE:YUM) traded up 0.27% during midday trading on Friday, hitting $75.56. The company’s stock had a trading volume of 2,183,929 shares. The firm has a market cap of $26.07 billion, a P/E ratio of 20.06 and a beta of 0.82. Yum! Brands, Inc. has a 52-week low of $59.57 and a 52-week high of $76.62. The stock’s 50 day moving average is $74.41 and its 200-day moving average is $69.15.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Equities analysts predict that Yum! Brands, Inc. will post $2.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Friday, July 14th were issued a $0.30 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.59%. Yum! Brands’s payout ratio is currently 33.15%.

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YUM has been the subject of several recent research reports. BMO Capital Markets reissued a “hold” rating and set a $66.00 price target on shares of Yum! Brands in a research report on Monday, May 22nd. Sanford C. Bernstein restated an “outperform” rating and issued a $80.00 price objective on shares of Yum! Brands in a research note on Tuesday, July 25th. Royal Bank Of Canada upped their price objective on Yum! Brands from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. BidaskClub lowered Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a research note on Wednesday. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Yum! Brands currently has a consensus rating of “Buy” and an average price target of $78.64.

In other news, CEO Brian R. Niccol sold 1,471 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $72.64, for a total value of $106,853.44. Following the transaction, the chief executive officer now owns 6,712 shares of the company’s stock, valued at $487,559.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David W. Gibbs sold 8,336 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the transaction, the chief financial officer now owns 39,664 shares of the company’s stock, valued at $2,935,136. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,294 shares of company stock worth $833,488. Insiders own 7.38% of the company’s stock.

Yum! Brands Company Profile

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

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

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