Sei Investments Co. lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 5.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,780 shares of the restaurant operator’s stock after selling 8,615 shares during the quarter. Sei Investments Co.’s holdings in Yum! Brands were worth $12,591,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in YUM. Perennial Advisors LLC bought a new stake in shares of Yum! Brands in the 1st quarter valued at $25,000. Tarbox Family Office Inc. boosted its holdings in shares of Yum! Brands by 95.9% in the 2nd quarter. Tarbox Family Office Inc. now owns 290 shares of the restaurant operator’s stock worth $25,000 after buying an additional 142 shares during the last quarter. Capital Advisory Group Advisory Services LLC purchased a new position in shares of Yum! Brands in the 1st quarter worth about $27,000. Prestige Wealth Management Group LLC boosted its holdings in shares of Yum! Brands by 130.4% in the 1st quarter. Prestige Wealth Management Group LLC now owns 470 shares of the restaurant operator’s stock worth $33,000 after buying an additional 266 shares during the last quarter. Finally, Keebeck Wealth Management LLC bought a new stake in Yum! Brands in the 2nd quarter valued at about $36,000. Institutional investors own 75.22% of the company’s stock.
Several equities research analysts have recently weighed in on YUM shares. Zacks Investment Research upgraded Yum! Brands from a “sell” rating to a “hold” rating and set a $92.00 price target on the stock in a research report on Saturday, May 30th. Morgan Stanley upped their price objective on shares of Yum! Brands from $100.00 to $103.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Bank of America upped their price objective on shares of Yum! Brands from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Royal Bank of Canada upped their price objective on shares of Yum! Brands from $87.00 to $94.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Finally, MKM Partners upped their price objective on shares of Yum! Brands from $75.00 to $90.00 in a research report on Wednesday, June 24th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Yum! Brands currently has a consensus rating of “Hold” and a consensus target price of $100.16.
Shares of YUM opened at $93.83 on Wednesday. The firm has a market cap of $28.19 billion, a P/E ratio of 28.08, a P/E/G ratio of 2.36 and a beta of 0.92. The stock has a 50 day simple moving average of $93.89 and a two-hundred day simple moving average of $86.76. Yum! Brands, Inc. has a 1 year low of $54.95 and a 1 year high of $115.17.
Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, July 30th. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.30. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. Yum! Brands’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 3.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Wednesday, August 26th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, August 25th. Yum! Brands’s dividend payout ratio (DPR) is presently 52.96%.
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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