E. Ohman J or Asset Management AB Has $1.56 Million Holdings in Yum! Brands, Inc. $YUM

Key Points

• E. Ohman J or Asset Management AB reduced its holdings in Yum! Brands by 18.7% to $1.56 million, owning 10,533 shares after selling 2,424 shares in the second quarter.
• Institutional investors own 82.37% of Yum! Brands' stock, with several, including Brighton Jones LLC and Royal Bank of Canada, increasing their holdings in the fourth quarter.
• Yum! Brands announced a quarterly dividend of $0.71 per share, resulting in an annualized yield of 1.9% and a dividend payout ratio of 56.02%.

E. Ohman J or Asset Management AB reduced its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 18.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,533 shares of the restaurant operator's stock after selling 2,424 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Yum! Brands were worth $1,561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of YUM. Brighton Jones LLC increased its holdings in shares of Yum! Brands by 8.0% in the fourth quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator's stock valued at $1,055,000 after purchasing an additional 583 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Yum! Brands in the fourth quarter valued at approximately $1,234,000. Raiffeisen Bank International AG acquired a new stake in shares of Yum! Brands in the fourth quarter valued at approximately $229,000. Rafferty Asset Management LLC increased its holdings in shares of Yum! Brands by 12.1% in the fourth quarter. Rafferty Asset Management LLC now owns 25,947 shares of the restaurant operator's stock valued at $3,481,000 after purchasing an additional 2,797 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Yum! Brands by 14.0% in the fourth quarter. Royal Bank of Canada now owns 680,937 shares of the restaurant operator's stock valued at $91,354,000 after purchasing an additional 83,767 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Yum! Brands

In other news, Director Weir Mirian M. Graddick sold 2,038 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $145.30, for a total value of $296,121.40. Following the sale, the director owned 1,233 shares of the company's stock, valued at $179,154.90. The trade was a 62.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Tracy L. Skeans sold 12,220 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $148.24, for a total transaction of $1,811,492.80. The disclosure for this sale can be found here. In the last three months, insiders sold 36,192 shares of company stock worth $5,346,507. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

YUM has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on shares of Yum! Brands from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. Melius initiated coverage on shares of Yum! Brands in a report on Monday, July 14th. They issued a "buy" rating and a $200.00 price target for the company. Redburn Atlantic raised shares of Yum! Brands from a "neutral" rating to a "buy" rating and raised their price target for the company from $145.00 to $177.00 in a report on Tuesday, June 10th. Guggenheim reaffirmed a "buy" rating and issued a $167.00 price objective (up from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Finally, Morgan Stanley reduced their price objective on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $161.23.

Yum! Brands Trading Down 0.2%

YUM stock opened at $149.12 on Tuesday. The stock has a 50-day moving average price of $146.54 and a two-hundred day moving average price of $147.87. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The stock has a market cap of $41.39 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.33 and a beta of 0.73.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 earnings per share. On average, analysts forecast that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $0.71 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.9%. Yum! Brands's dividend payout ratio (DPR) is 56.02%.

Yum! Brands Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also 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.

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