Meag Munich Ergo Kapitalanlagegesellschaft MBH reduced its stake in Yum! Brands (NYSE:YUM) by 36.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,504 shares of the restaurant operator’s stock after selling 6,008 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Yum! Brands were worth $881,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of YUM. Calton & Associates Inc. purchased a new position in Yum! Brands during the fourth quarter worth about $102,000. Trustcore Financial Services LLC purchased a new position in Yum! Brands during the fourth quarter worth about $118,000. Aevitas Wealth Management Inc. purchased a new position in Yum! Brands during the fourth quarter worth about $139,000. Cerebellum GP LLC purchased a new position in Yum! Brands during the fourth quarter worth about $140,000. Finally, Advisory Services Network LLC lifted its position in Yum! Brands by 54.2% during the fourth quarter. Advisory Services Network LLC now owns 1,921 shares of the restaurant operator’s stock worth $157,000 after buying an additional 675 shares during the period. Institutional investors and hedge funds own 74.56% of the company’s stock.
YUM stock opened at $83.11 on Tuesday. The company has a quick ratio of 1.65, a current ratio of 1.70 and a debt-to-equity ratio of -1.39. Yum! Brands has a 1 year low of $68.47 and a 1 year high of $88.07. The stock has a market capitalization of $27.41 billion, a PE ratio of 28.08, a P/E/G ratio of 1.90 and a beta of 0.86.
Yum! Brands (NYSE:YUM) last posted its earnings results on Wednesday, May 2nd. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.22. Yum! Brands had a negative return on equity of 17.70% and a net margin of 25.60%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. equities analysts predict that Yum! Brands will post 3.41 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Wednesday, May 16th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, May 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.73%. Yum! Brands’s dividend payout ratio (DPR) is currently 48.65%.
In other news, CEO Brian R. Niccol sold 945 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $79.90, for a total value of $75,505.50. Following the completion of the sale, the chief executive officer now owns 10,785 shares in the company, valued at $861,721.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.63% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on YUM shares. Cowen reiterated a “buy” rating and set a $92.00 target price on shares of Yum! Brands in a research report on Thursday, March 15th. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Saturday, January 13th. Edward Jones upgraded Yum! Brands from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. ValuEngine upgraded Yum! Brands from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Stifel Nicolaus upped their price target on Yum! Brands from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, April 18th. Twelve analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $84.27.
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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