Legal & General Group Plc Boosts Stock Position in Yum! Brands, Inc. (NYSE:YUM)

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Legal & General Group Plc lifted its position in Yum! Brands, Inc. (NYSE:YUM) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,507,780 shares of the restaurant operator’s stock after buying an additional 77,624 shares during the quarter. Legal & General Group Plc owned approximately 0.83% of Yum! Brands worth $172,306,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Magellan Asset Management Ltd raised its holdings in shares of Yum! Brands by 28.1% in the 4th quarter. Magellan Asset Management Ltd now owns 20,434,152 shares of the restaurant operator’s stock valued at $2,058,332,000 after buying an additional 4,480,897 shares during the period. State Street Corp raised its holdings in shares of Yum! Brands by 1.0% in the 4th quarter. State Street Corp now owns 14,381,056 shares of the restaurant operator’s stock valued at $1,448,604,000 after buying an additional 147,742 shares during the period. Loomis Sayles & Co. L P raised its holdings in shares of Yum! Brands by 4.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 7,519,848 shares of the restaurant operator’s stock valued at $757,474,000 after buying an additional 289,290 shares during the period. Sustainable Growth Advisers LP raised its holdings in shares of Yum! Brands by 1.9% in the 1st quarter. Sustainable Growth Advisers LP now owns 5,436,618 shares of the restaurant operator’s stock valued at $372,572,000 after buying an additional 103,849 shares during the period. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Yum! Brands by 11.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 4,478,770 shares of the restaurant operator’s stock valued at $451,146,000 after buying an additional 445,041 shares during the period. Hedge funds and other institutional investors own 75.00% of the company’s stock.

In other Yum! Brands news, CEO David W. Gibbs sold 4,737 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $65.00, for a total transaction of $307,905.00. Following the completion of the sale, the chief executive officer now directly owns 80,335 shares of the company’s stock, valued at approximately $5,221,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 5,424 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $84.39, for a total value of $457,731.36. Following the sale, the chief executive officer now directly owns 80,335 shares of the company’s stock, valued at $6,779,470.65. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Shares of NYSE YUM traded down $3.22 during trading hours on Thursday, reaching $90.87. The stock had a trading volume of 67,762 shares, compared to its average volume of 2,798,617. The firm has a market cap of $29.05 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.80 and a beta of 0.95. Yum! Brands, Inc. has a fifty-two week low of $54.95 and a fifty-two week high of $119.72. The firm has a 50-day moving average of $87.69 and a 200-day moving average of $91.82.

Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Yum! Brands had a net margin of 19.89% and a negative return on equity of 12.97%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. Equities analysts anticipate that Yum! Brands, Inc. will post 2.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a $0.47 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.07%. Yum! Brands’s dividend payout ratio (DPR) is presently 52.96%.

Several equities research analysts have weighed in on the company. Goldman Sachs Group upgraded Yum! Brands to a “buy” rating in a report on Friday, May 15th. Morgan Stanley upped their price target on Yum! Brands from $86.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. Cfra cut their price target on Yum! Brands from $110.00 to $94.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Deutsche Bank restated a “hold” rating and set a $80.00 price target (up previously from $79.00) on shares of Yum! Brands in a report on Monday, May 4th. Finally, Wells Fargo & Co upped their price target on Yum! Brands from $85.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $102.05.

Yum! Brands Company 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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