Yum! Brands, Inc. (YUM) Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC lessened its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 95.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,950 shares of the restaurant operator’s stock after selling 157,128 shares during the period. Zweig DiMenna Associates LLC’s holdings in Yum! Brands were worth $512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC raised its position in shares of Yum! Brands by 0.5% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 7 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Yum! Brands by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock worth $438,000 after purchasing an additional 16 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Yum! Brands by 0.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock worth $496,000 after purchasing an additional 31 shares during the last quarter. Heritage Trust Co raised its position in shares of Yum! Brands by 1.3% during the 2nd quarter. Heritage Trust Co now owns 3,010 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 40 shares during the last quarter. Finally, Needelman Asset Management Inc. raised its position in shares of Yum! Brands by 0.6% during the 2nd quarter. Needelman Asset Management Inc. now owns 11,470 shares of the restaurant operator’s stock worth $846,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 72.53% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Yum! Brands, Inc. (YUM) Shares Sold by Zweig DiMenna Associates LLC” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/11/13/yum-brands-inc-yum-shares-sold-by-zweig-dimenna-associates-llc.html.

Several research analysts recently weighed in on YUM shares. Robert W. Baird restated a “hold” rating and set a $78.00 price target on shares of Yum! Brands in a research report on Friday, September 8th. Zacks Investment Research upgraded shares of Yum! Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. CIBC upped their price objective on shares of Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $83.00 price objective on shares of Yum! Brands in a research note on Monday, September 11th. Finally, Oppenheimer Holdings, Inc. upped their price objective on shares of Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Twelve equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $80.95.

In other Yum! Brands news, CFO David W. Gibbs sold 4,318 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total transaction of $347,858.08. Following the sale, the chief financial officer now directly owns 39,396 shares in the company, valued at approximately $3,173,741.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brian R. Niccol sold 3,588 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $79.90, for a total transaction of $286,681.20. Following the sale, the chief executive officer now owns 15,075 shares in the company, valued at $1,204,492.50. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Yum! Brands, Inc. (NYSE:YUM) traded up $0.06 during trading hours on Monday, hitting $79.59. 1,604,200 shares of the company were exchanged, compared to its average volume of 2,253,350. The company has a debt-to-equity ratio of -1.55, a current ratio of 1.42 and a quick ratio of 1.41. The stock has a market cap of $26,890.00, a PE ratio of 28.42, a P/E/G ratio of 2.41 and a beta of 0.88. Yum! Brands, Inc. has a 1 year low of $60.34 and a 1 year high of $81.65.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. Yum! Brands’s dividend payout ratio (DPR) is presently 70.18%.

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.

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

Receive News & Ratings for Yum! Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply