WINTON GROUP Ltd Reduces Stake in Yum! Brands, Inc. (NYSE:YUM)

WINTON GROUP Ltd cut its position in Yum! Brands, Inc. (NYSE:YUM) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,491 shares of the restaurant operator’s stock after selling 887 shares during the quarter. WINTON GROUP Ltd’s holdings in Yum! Brands were worth $1,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. St. Johns Investment Management Company LLC boosted its position in shares of Yum! Brands by 1.6% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 4,771 shares of the restaurant operator’s stock valued at $549,000 after purchasing an additional 76 shares during the period. Maryland State Retirement & Pension System lifted its position in Yum! Brands by 0.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 23,171 shares of the restaurant operator’s stock worth $2,694,000 after acquiring an additional 77 shares during the period. Valeo Financial Advisors LLC lifted its position in Yum! Brands by 0.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 11,029 shares of the restaurant operator’s stock worth $1,269,000 after acquiring an additional 81 shares during the period. RiverFront Investment Group LLC lifted its position in Yum! Brands by 3.9% during the 2nd quarter. RiverFront Investment Group LLC now owns 2,209 shares of the restaurant operator’s stock worth $254,000 after acquiring an additional 82 shares during the period. Finally, Meridian Wealth Management LLC lifted its position in Yum! Brands by 1.3% during the 2nd quarter. Meridian Wealth Management LLC now owns 6,542 shares of the restaurant operator’s stock worth $753,000 after acquiring an additional 85 shares during the period. 78.31% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Anthony Lowings sold 2,517 shares of the firm’s stock in a transaction on Thursday, July 1st. The stock was sold at an average price of $115.49, for a total transaction of $290,688.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David W. Gibbs sold 1,469 shares of the firm’s stock in a transaction on Monday, August 16th. The stock was sold at an average price of $134.48, for a total value of $197,551.12. Following the sale, the chief executive officer now owns 22,255 shares in the company, valued at approximately $2,992,852.40. The disclosure for this sale can be found here. Insiders have sold 33,172 shares of company stock valued at $4,248,578 in the last three months. 0.37% of the stock is currently owned by company insiders.

Yum! Brands stock opened at $128.99 on Wednesday. The stock has a fifty day moving average of $127.97 and a two-hundred day moving average of $119.53. The company has a market capitalization of $38.14 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 2.44 and a beta of 1.09. Yum! Brands, Inc. has a fifty-two week low of $88.08 and a fifty-two week high of $135.77.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, July 28th. The restaurant operator reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.21. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.47 billion. Yum! Brands had a negative return on equity of 16.99% and a net margin of 21.21%. During the same quarter last year, the business posted $0.82 earnings per share. Research analysts anticipate that Yum! Brands, Inc. will post 4.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 27th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, August 26th. Yum! Brands’s payout ratio is 55.25%.

A number of analysts have weighed in on YUM shares. Cowen increased their price objective on Yum! Brands from $117.00 to $134.00 and gave the stock a “market perform” rating in a research report on Friday, July 30th. Guggenheim started coverage on Yum! Brands in a report on Monday, July 26th. They issued a “buy” rating and a $135.00 price target for the company. Royal Bank of Canada raised their price target on Yum! Brands from $124.00 to $136.00 and gave the company a “sector perform” rating in a report on Friday, July 30th. Barclays raised their price target on Yum! Brands from $115.00 to $121.00 and gave the company an “equal weight” rating in a report on Tuesday, June 1st. Finally, Robert W. Baird raised their price target on Yum! Brands from $130.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, July 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $127.63.

Yum! Brands Profile

Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment comprises of all operations of the KFC concept.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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