Gateway Investment Advisers LLC lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 10.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,932 shares of the restaurant operator’s stock after selling 1,600 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Yum! Brands were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its holdings in Yum! Brands by 2.4% in the 4th quarter. BlackRock Inc. now owns 21,595,217 shares of the restaurant operator’s stock valued at $1,985,033,000 after purchasing an additional 496,648 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Yum! Brands by 6,899.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock valued at $64,000 after purchasing an additional 5,832,264 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Yum! Brands by 5.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,459,185 shares of the restaurant operator’s stock valued at $496,295,000 after purchasing an additional 264,177 shares in the last quarter. Northern Trust Corp boosted its holdings in Yum! Brands by 2.0% in the 4th quarter. Northern Trust Corp now owns 3,931,459 shares of the restaurant operator’s stock valued at $361,380,000 after purchasing an additional 78,678 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Yum! Brands by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock valued at $356,348,000 after purchasing an additional 260,681 shares in the last quarter. 74.89% of the stock is currently owned by institutional investors.
Shares of Yum! Brands stock opened at $101.64 on Tuesday. Yum! Brands, Inc. has a 1 year low of $77.09 and a 1 year high of $102.16. The company has a market cap of $31.02 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.08 and a beta of 0.55.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.57). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.57 billion. Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. Analysts predict that Yum! Brands, Inc. will post 3.81 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Citigroup lowered their price objective on Yum! Brands from $104.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. Mizuho lowered Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Wednesday, March 20th. BMO Capital Markets boosted their price target on Yum! Brands to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 8th. Finally, JPMorgan Chase & Co. lowered Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 price target on the stock. in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Yum! Brands presently has a consensus rating of “Hold” and an average price target of $95.21.
In other Yum! Brands news, Director Tanya L. Domier purchased 2,652 shares of the business’s stock in a transaction on Friday, February 8th. The stock was bought at an average cost of $94.23 per share, for a total transaction of $249,897.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Greg Creed sold 13,986 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $94.41, for a total value of $1,320,418.26. Following the completion of the transaction, the chief executive officer now owns 207,912 shares of the company’s stock, valued at $19,628,971.92. The disclosure for this sale can be found here. Insiders sold a total of 97,385 shares of company stock valued at $9,228,833 over the last quarter. 0.63% of the stock is currently owned by insiders.
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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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