Oregon Public Employees Retirement Fund boosted its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 112.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 92,417 shares of the restaurant operator’s stock after buying an additional 48,849 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Yum! Brands were worth $7,229,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in Yum! Brands by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,227,054 shares of the restaurant operator’s stock valued at $95,981,000 after buying an additional 13,855 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Yum! Brands by 22.2% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,047 shares of the restaurant operator’s stock valued at $473,000 after buying an additional 1,100 shares during the period. Gideon Capital Advisors Inc. acquired a new position in Yum! Brands during the second quarter valued at $431,000. Whittier Trust Co. raised its position in Yum! Brands by 464.0% during the second quarter. Whittier Trust Co. now owns 51,906 shares of the restaurant operator’s stock valued at $4,215,000 after buying an additional 42,703 shares during the period. Finally, First Citizens Bank & Trust Co. raised its position in Yum! Brands by 63.0% during the second quarter. First Citizens Bank & Trust Co. now owns 34,391 shares of the restaurant operator’s stock valued at $2,690,000 after buying an additional 13,294 shares during the period. 71.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE YUM opened at $86.73 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of -1.33. The stock has a market cap of $27.58 billion, a PE ratio of 29.30, a P/E/G ratio of 1.96 and a beta of 0.86. Yum! Brands, Inc. has a 52 week low of $72.61 and a 52 week high of $88.07.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 2nd. The restaurant operator reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.08. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Yum! Brands had a negative return on equity of 17.36% and a net margin of 27.95%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. research analysts expect that Yum! Brands, Inc. will post 3.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Monday, August 20th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, August 17th. Yum! Brands’s dividend payout ratio is 48.65%.
Yum! Brands declared that its Board of Directors has approved a share buyback plan on Friday, August 10th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 7.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
Several research firms recently weighed in on YUM. UBS Group set a $91.00 price target on Yum! Brands and gave the company a “buy” rating in a research report on Wednesday, May 30th. Citigroup upped their price target on Yum! Brands from $80.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, June 19th. ValuEngine lowered Yum! Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $88.00 target price on shares of Yum! Brands in a research report on Friday, August 3rd. Finally, BTIG Research raised Yum! Brands from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 27th. They noted that the move was a valuation call. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Yum! Brands has a consensus rating of “Hold” and a consensus target price of $86.22.
Yum! Brands Company Profile
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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