OLD National Bancorp IN Lowers Position in Yum! Brands, Inc. (NYSE:YUM)

OLD National Bancorp IN cut its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,888 shares of the restaurant operator’s stock after selling 718 shares during the period. OLD National Bancorp IN’s holdings in Yum! Brands were worth $655,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Howland Capital Management LLC raised its stake in shares of Yum! Brands by 11.7% in the first quarter. Howland Capital Management LLC now owns 157,474 shares of the restaurant operator’s stock worth $10,063,000 after buying an additional 16,432 shares in the last quarter. M Holdings Securities Inc. boosted its position in shares of Yum! Brands by 3.0% in the fourth quarter. M Holdings Securities Inc. now owns 3,813 shares of the restaurant operator’s stock worth $241,000 after buying an additional 112 shares during the last quarter. South State Corp boosted its position in shares of Yum! Brands by 13.9% in the first quarter. South State Corp now owns 56,768 shares of the restaurant operator’s stock worth $3,627,000 after buying an additional 6,931 shares during the last quarter. Windsor Capital Management LLC boosted its position in shares of Yum! Brands by 7.6% in the first quarter. Windsor Capital Management LLC now owns 9,855 shares of the restaurant operator’s stock worth $629,000 after buying an additional 693 shares during the last quarter. Finally, Whalerock Point Partners LLC boosted its position in shares of Yum! Brands by 25.5% in the fourth quarter. Whalerock Point Partners LLC now owns 8,625 shares of the restaurant operator’s stock worth $546,000 after buying an additional 1,750 shares during the last quarter. 73.75% of the stock is owned by institutional investors and hedge funds.

Shares of Yum! Brands, Inc. (NYSE YUM) opened at 75.56 on Friday. The firm has a 50-day moving average of $74.41 and a 200-day moving average of $69.15. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $76.62. The company has a market cap of $26.07 billion, a P/E ratio of 20.06 and a beta of 0.82.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business earned $0.75 earnings per share. Yum! Brands’s revenue was down 4.0% compared to the same quarter last year. Analysts predict that Yum! Brands, Inc. will post $2.82 EPS for the current year.

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

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A number of equities analysts have issued reports on YUM shares. Argus raised shares of Yum! Brands from a “hold” rating to a “buy” rating and raised their price objective for the company from $69.95 to $80.00 in a research note on Tuesday, May 16th. Instinet reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Yum! Brands in a research note on Sunday, May 28th. BidaskClub cut shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 price target on shares of Yum! Brands in a research report on Thursday, June 15th. Finally, Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, July 20th. Fifteen research 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 has an average rating of “Buy” and a consensus price target of $78.64.

In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of Yum! Brands stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at $495,996.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the sale, 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. Insiders sold 11,294 shares of company stock valued at $833,488 over the last 90 days. 7.38% of the stock is owned by company insiders.

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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