Janus Henderson Group PLC Has $24.72 Million Stake in Yum! Brands, Inc. (YUM)

Janus Henderson Group PLC lessened its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 335,848 shares of the restaurant operator’s stock after selling 20,914 shares during the quarter. Janus Henderson Group PLC owned approximately 0.10% of Yum! Brands worth $24,721,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Yum! Brands by 3.3% during the second quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock valued at $1,667,335,000 after acquiring an additional 711,910 shares in the last quarter. Magellan Asset Management Ltd raised its holdings in shares of Yum! Brands by 2.0% during the second quarter. Magellan Asset Management Ltd now owns 15,446,852 shares of the restaurant operator’s stock valued at $1,139,360,000 after acquiring an additional 308,387 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Yum! Brands by 18.2% during the third quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock valued at $582,270,000 after acquiring an additional 1,220,537 shares in the last quarter. FMR LLC raised its holdings in shares of Yum! Brands by 9.2% during the second quarter. FMR LLC now owns 3,011,009 shares of the restaurant operator’s stock valued at $222,092,000 after acquiring an additional 254,573 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Yum! Brands by 5.9% during the second quarter. Ameriprise Financial Inc. now owns 2,405,149 shares of the restaurant operator’s stock valued at $177,414,000 after acquiring an additional 133,158 shares in the last quarter. 73.68% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Brian R. Niccol sold 927 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.46, for a total transaction of $77,367.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David W. Gibbs sold 4,318 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total value of $347,858.08. Following the transaction, the chief financial officer now owns 39,396 shares of the company’s stock, valued at $3,173,741.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,833 shares of company stock valued at $711,907. 7.38% of the stock is owned by corporate insiders.

Yum! Brands, Inc. (NYSE:YUM) opened at $82.50 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -1.55. The stock has a market capitalization of $27,677.29, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 2.29 and a beta of 0.89. Yum! Brands, Inc. has a twelve month low of $62.36 and a twelve month high of $84.29.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. equities analysts forecast that Yum! Brands, Inc. will post 2.81 EPS for the current year.

Yum! Brands declared that its Board of Directors has authorized a stock repurchase plan on Friday, November 17th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th were issued a $0.30 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.45%. Yum! Brands’s dividend payout ratio (DPR) is 37.04%.

A number of brokerages recently commented on YUM. BMO Capital Markets upped their target price on Yum! Brands from $77.00 to $80.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. Morgan Stanley upped their target price on Yum! Brands from $77.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Cowen restated a “buy” rating and set a $91.00 target price on shares of Yum! Brands in a report on Friday, November 3rd. Jefferies Group upped their target price on Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, Robert W. Baird upped their target price on Yum! Brands from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Twelve research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Yum! Brands has an average rating of “Buy” and an average target price of $80.95.

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Yum! Brands 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.

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

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