Mechanics Bank Trust Department decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,128 shares of the restaurant operator’s stock after selling 352 shares during the period. Mechanics Bank Trust Department’s holdings in Yum! Brands were worth $2,126,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of YUM. Loomis Sayles & Co. L P increased its position in Yum! Brands by 2.5% during the third quarter. Loomis Sayles & Co. L P now owns 7,386,140 shares of the restaurant operator’s stock worth $671,474,000 after purchasing an additional 178,182 shares during the last quarter. Bank of New York Mellon Corp increased its position in Yum! Brands by 5.1% during the third quarter. Bank of New York Mellon Corp now owns 5,459,185 shares of the restaurant operator’s stock worth $496,295,000 after purchasing an additional 264,177 shares during the last quarter. Sustainable Growth Advisers LP increased its position in Yum! Brands by 7.8% during the third quarter. Sustainable Growth Advisers LP now owns 4,693,776 shares of the restaurant operator’s stock worth $426,711,000 after purchasing an additional 341,611 shares during the last quarter. Legal & General Group Plc increased its position in Yum! Brands by 4.8% during the third quarter. Legal & General Group Plc now owns 1,756,233 shares of the restaurant operator’s stock worth $159,642,000 after purchasing an additional 80,542 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Yum! Brands by 3,028.1% during the third quarter. Victory Capital Management Inc. now owns 1,748,932 shares of the restaurant operator’s stock worth $158,996,000 after purchasing an additional 1,693,021 shares during the last quarter. 72.64% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on YUM. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Monday. BMO Capital Markets boosted their price objective on shares of Yum! Brands to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 8th. Goldman Sachs Group downgraded shares of Yum! Brands from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $83.00 to $76.00 in a research note on Friday, January 11th. Finally, Cowen reiterated a “buy” rating and set a $100.00 price objective on shares of Yum! Brands in a research note on Sunday, December 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Yum! Brands presently has an average rating of “Hold” and a consensus price target of $93.46.
In other Yum! Brands news, General Counsel Scott Catlett sold 745 shares of the stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $90.00, for a total transaction of $67,050.00. Following the sale, the general counsel now directly owns 5,188 shares of the company’s stock, valued at $466,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Greg Creed sold 13,986 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $94.41, for a total transaction of $1,320,418.26. Following the sale, the chief executive officer now directly owns 207,912 shares in the company, valued at $19,628,971.92. The disclosure for this sale can be found here. Insiders have sold a total of 49,912 shares of company stock worth $4,639,882 over the last quarter. 0.63% of the stock is currently owned by insiders.
Shares of YUM stock opened at $93.33 on Thursday. The firm has a market capitalization of $29.37 billion, a PE ratio of 29.44, a PEG ratio of 1.96 and a beta of 0.60. Yum! Brands, Inc. has a twelve month low of $76.32 and a twelve month high of $95.45.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.57). Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the company posted $0.96 earnings per share. Yum! Brands’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, analysts anticipate that Yum! Brands, Inc. will post 3.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Thursday, February 14th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.80%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, February 13th. Yum! Brands’s dividend payout ratio is 45.43%.
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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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