Short Interest in Yum! Brands, Inc. (NYSE:YUM) Grows By 10.2%

Yum! Brands, Inc. (NYSE:YUM) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 5,452,100 shares, a growth of 10.2% from the June 30th total of 4,945,700 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 1,500,000 shares, the days-to-cover ratio is currently 3.6 days.

Shares of YUM opened at $116.40 on Friday. The company’s fifty day moving average is $113.29 and its 200 day moving average is $103.87. Yum! Brands has a fifty-two week low of $83.06 and a fifty-two week high of $119.72. The stock has a market capitalization of $35.49 billion, a PE ratio of 36.72, a P/E/G ratio of 2.46 and a beta of 0.53.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. Yum! Brands’s quarterly revenue was down 4.2% on a year-over-year basis. Analysts anticipate that Yum! Brands will post 3.87 earnings per share for the current year.



The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 19th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, August 16th. Yum! Brands’s dividend payout ratio is presently 53.00%.

Several equities analysts have weighed in on YUM shares. UBS Group lifted their price target on shares of Yum! Brands from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Stifel Nicolaus lifted their price target on shares of Yum! Brands from $100.00 to $110.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Citigroup set a $138.00 target price on shares of Yum! Brands and gave the stock a “hold” rating in a report on Monday. BTIG Research boosted their target price on shares of Yum! Brands to $130.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Tigress Financial reissued a “buy” rating on shares of Yum! Brands in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $110.65.

In other Yum! Brands news, CEO Greg Creed sold 44,949 shares of Yum! Brands stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $105.82, for a total transaction of $4,756,503.18. Following the transaction, the chief executive officer now owns 158,745 shares of the company’s stock, valued at $16,798,395.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David W. Gibbs sold 1,572 shares of Yum! Brands stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $109.93, for a total transaction of $172,809.96. Following the transaction, the chief financial officer now directly owns 43,516 shares in the company, valued at approximately $4,783,713.88. The disclosure for this sale can be found here. Insiders have sold 56,755 shares of company stock worth $6,072,849 in the last ninety days. Insiders own 0.67% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Yum! Brands by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 755,600 shares of the restaurant operator’s stock valued at $69,456,000 after purchasing an additional 11,988 shares during the period. Geode Capital Management LLC increased its position in shares of 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 buying an additional 260,681 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Yum! Brands in the 1st quarter valued at $713,000. Raymond James Trust N.A. increased its position in shares of Yum! Brands by 11.2% in the 1st quarter. Raymond James Trust N.A. now owns 12,611 shares of the restaurant operator’s stock valued at $1,259,000 after buying an additional 1,268 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC increased its position in shares of Yum! Brands by 200.0% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 13,318 shares of the restaurant operator’s stock valued at $1,329,000 after buying an additional 8,879 shares in the last quarter. Institutional investors own 74.97% of the company’s stock.

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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