Aperio Group LLC increased its position in shares of Yum! Brands (NYSE:YUM) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,176 shares of the restaurant operator’s stock after acquiring an additional 8,969 shares during the period. Aperio Group LLC owned about 0.07% of Yum! Brands worth $21,042,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Calton & Associates Inc. purchased a new stake in shares of Yum! Brands during the fourth quarter worth $102,000. Trustcore Financial Services LLC purchased a new stake in shares of Yum! Brands during the fourth quarter worth $118,000. Aevitas Wealth Management Inc. purchased a new stake in shares of Yum! Brands during the fourth quarter worth $139,000. Cerebellum GP LLC purchased a new stake in shares of Yum! Brands during the fourth quarter worth $140,000. Finally, Advisory Services Network LLC raised its holdings in shares of Yum! Brands by 54.2% during the fourth quarter. Advisory Services Network LLC now owns 1,921 shares of the restaurant operator’s stock worth $157,000 after acquiring an additional 675 shares in the last quarter. Institutional investors and hedge funds own 73.90% of the company’s stock.
Several analysts recently issued reports on the company. Wells Fargo cut their price objective on Yum! Brands from $85.00 to $82.00 and set a “market perform” rating for the company in a report on Friday, February 9th. Royal Bank of Canada reissued an “outperform” rating and set a $89.00 target price (down from $92.00) on shares of Yum! Brands in a research report on Friday, February 2nd. Deutsche Bank increased their target price on shares of Yum! Brands from $75.00 to $82.00 and gave the stock a “hold” rating in a research report on Monday, February 12th. Edward Jones raised shares of Yum! Brands from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Finally, Instinet downgraded shares of Yum! Brands from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Eleven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $85.19.
Shares of NYSE:YUM opened at $83.00 on Friday. The stock has a market capitalization of $26.94 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. Yum! Brands has a 52-week low of $83.25 and a 52-week high of $83.89. The company has a debt-to-equity ratio of -1.39, a quick ratio of 1.70 and a current ratio of 1.70.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, May 2nd. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.22. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.08 billion. Yum! Brands had a negative return on equity of 17.70% and a net margin of 25.60%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. sell-side analysts predict that Yum! Brands will post 3.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Wednesday, May 16th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Tuesday, May 15th. Yum! Brands’s dividend payout ratio is currently 48.65%.
About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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