Yum! Brands (YUM) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in Yum! Brands (NYSE:YUM) by 6.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,187 shares of the restaurant operator’s stock after selling 1,700 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Yum! Brands were worth $2,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Magellan Asset Management Ltd raised its stake in Yum! Brands by 4.1% in the fourth quarter. Magellan Asset Management Ltd now owns 16,076,881 shares of the restaurant operator’s stock valued at $1,312,034,000 after buying an additional 632,560 shares during the last quarter. Geode Capital Management LLC raised its stake in Yum! Brands by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,242,451 shares of the restaurant operator’s stock valued at $264,016,000 after buying an additional 56,201 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in Yum! Brands by 19.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,128,020 shares of the restaurant operator’s stock valued at $173,670,000 after buying an additional 349,120 shares during the last quarter. Two Sigma Advisers LP raised its stake in Yum! Brands by 1.8% in the fourth quarter. Two Sigma Advisers LP now owns 1,998,081 shares of the restaurant operator’s stock valued at $163,063,000 after buying an additional 34,500 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in Yum! Brands by 12.2% in the fourth quarter. Two Sigma Investments LP now owns 1,493,059 shares of the restaurant operator’s stock valued at $121,849,000 after buying an additional 161,857 shares during the last quarter. Institutional investors own 74.56% of the company’s stock.

Shares of YUM stock opened at $83.11 on Tuesday. The company has a debt-to-equity ratio of -1.39, a current ratio of 1.70 and a quick ratio of 1.65. The company has a market cap of $27.41 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.90 and a beta of 0.86. Yum! Brands has a twelve month low of $68.47 and a twelve month high of $88.07.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, May 2nd. The restaurant operator reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.22. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Yum! Brands had a negative return on equity of 17.70% and a net margin of 25.60%. Yum! Brands’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. equities analysts predict that Yum! Brands will post 3.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Wednesday, May 16th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, May 15th. Yum! Brands’s dividend payout ratio is currently 48.65%.

A number of research firms have commented on YUM. Barclays increased their price target on Yum! Brands from $81.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, May 3rd. Morgan Stanley decreased their price target on Yum! Brands from $92.00 to $90.00 and set an “equal weight” rating for the company in a research note on Thursday, May 3rd. BMO Capital Markets increased their price target on Yum! Brands from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, May 3rd. Robert W. Baird upgraded Yum! Brands from a “neutral” rating to an “outperform” rating and set a $83.00 price target for the company in a research note on Thursday, May 3rd. Finally, OTR Global upgraded Yum! Brands to a “positive” rating in a research note on Thursday, April 26th. Twelve research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $84.27.

In related news, CEO Brian R. Niccol sold 945 shares of Yum! Brands stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $79.90, for a total transaction of $75,505.50. Following the completion of the transaction, the chief executive officer now directly owns 10,785 shares in the company, valued at $861,721.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is currently owned by company insiders.

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

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