CSat Investment Advisory L.P. Purchases New Holdings in Yum! Brands, Inc. (YUM)

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CSat Investment Advisory L.P. purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,744 shares of the restaurant operator’s stock, valued at approximately $215,000.

Several other hedge funds also recently bought and sold shares of YUM. Mackay Shields LLC bought a new position in Yum! Brands during the first quarter valued at approximately $4,770,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Yum! Brands by 0.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,900 shares of the restaurant operator’s stock valued at $5,865,000 after acquiring an additional 631 shares in the last quarter. American Century Companies Inc. raised its position in Yum! Brands by 0.3% during the first quarter. American Century Companies Inc. now owns 414,697 shares of the restaurant operator’s stock valued at $35,303,000 after acquiring an additional 1,407 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Yum! Brands by 8.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 295,968 shares of the restaurant operator’s stock valued at $25,197,000 after acquiring an additional 22,505 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its position in Yum! Brands by 0.4% during the first quarter. State of Wisconsin Investment Board now owns 523,608 shares of the restaurant operator’s stock valued at $44,575,000 after acquiring an additional 1,938 shares in the last quarter. Institutional investors and hedge funds own 71.74% of the company’s stock.

Several brokerages recently weighed in on YUM. Citigroup raised their price objective on shares of Yum! Brands from $80.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, June 19th. ValuEngine raised shares of Yum! Brands from a “hold” rating to a “buy” rating in a research report on Friday. UBS Group set a $91.00 price objective on shares of Yum! Brands and gave the company a “buy” rating in a research report on Wednesday, May 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $88.00 price objective on shares of Yum! Brands in a research report on Friday, August 3rd. Finally, BTIG Research raised shares of 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. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Yum! Brands presently has a consensus rating of “Buy” and an average price target of $86.22.

NYSE:YUM opened at $87.92 on Friday. Yum! Brands, Inc. has a 12 month low of $72.61 and a 12 month high of $88.15. The company has a market capitalization of $27.58 billion, a PE ratio of 29.70, a PEG ratio of 1.96 and a beta of 0.86. The company has a debt-to-equity ratio of -1.33, a quick ratio of 1.30 and a current ratio of 1.30.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results 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. Yum! Brands had a net margin of 27.95% and a negative return on equity of 17.36%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. analysts predict that Yum! Brands, Inc. will post 3.48 earnings per share for the current fiscal year.

Yum! Brands declared that its board has approved a share buyback plan on Friday, August 10th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Monday, August 20th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, August 17th. Yum! Brands’s dividend payout ratio is 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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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