Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Highlander Capital Management LLC

Highlander Capital Management LLC lessened its stake in Yum! Brands, Inc. (NYSE:YUMGet Rating) by 98.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,200 shares of the restaurant operator’s stock after selling 70,000 shares during the period. Highlander Capital Management LLC’s holdings in Yum! Brands were worth $142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Yum! Brands by 28.4% in the 4th quarter. BlackRock Inc. now owns 24,554,583 shares of the restaurant operator’s stock valued at $3,409,651,000 after buying an additional 5,430,918 shares during the period. State Street Corp grew its stake in Yum! Brands by 3.3% during the 4th quarter. State Street Corp now owns 12,660,880 shares of the restaurant operator’s stock worth $1,758,090,000 after purchasing an additional 399,872 shares in the last quarter. Capital World Investors raised its position in Yum! Brands by 11.7% in the 4th quarter. Capital World Investors now owns 4,606,056 shares of the restaurant operator’s stock valued at $639,597,000 after purchasing an additional 483,359 shares in the last quarter. Capital International Investors boosted its stake in shares of Yum! Brands by 4.6% in the 4th quarter. Capital International Investors now owns 4,298,049 shares of the restaurant operator’s stock valued at $596,758,000 after buying an additional 188,420 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Yum! Brands by 15.9% during the first quarter. Victory Capital Management Inc. now owns 4,066,497 shares of the restaurant operator’s stock worth $481,372,000 after buying an additional 558,053 shares in the last quarter. Hedge funds and other institutional investors own 79.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on YUM shares. Robert W. Baird set a $146.00 price objective on Yum! Brands in a research report on Tuesday, July 19th. Citigroup lowered their target price on shares of Yum! Brands from $148.00 to $145.00 in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Yum! Brands from $142.00 to $136.00 in a research note on Thursday, May 5th. The Goldman Sachs Group raised Yum! Brands from a “sell” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $135.00 in a report on Monday, July 18th. Finally, Barclays reduced their target price on Yum! Brands from $124.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, June 9th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.46.

Yum! Brands Trading Down 1.3 %

Shares of YUM stock opened at $118.42 on Friday. Yum! Brands, Inc. has a twelve month low of $108.37 and a twelve month high of $139.85. The company has a market capitalization of $33.77 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.24 and a beta of 1.01. The firm has a 50-day moving average price of $116.99 and a 200 day moving average price of $118.61.

Yum! Brands (NYSE:YUMGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The restaurant operator reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). Yum! Brands had a net margin of 22.17% and a negative return on equity of 15.45%. During the same period in the previous year, the company posted $1.16 earnings per share. As a group, research analysts predict that Yum! Brands, Inc. will post 4.58 earnings per share for the current year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Monday, May 30th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, May 26th. Yum! Brands’s payout ratio is currently 45.69%.

Yum! Brands Profile

(Get Rating)

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.

See Also

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

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