FORA Capital LLC Sells 6,899 Shares of Yum! Brands, Inc. $YUM

Key Points

• FORA Capital LLC reduced its stake in Yum! Brands by 43.7%, selling 6,899 shares, leaving it with 8,875 shares valued at approximately $1.4 million.
• Yum! Brands reported a Q2 earnings miss with an EPS of $1.44, below the expected $1.46, alongside a year-over-year revenue increase of 9.6%.
• The company announced a quarterly dividend of $0.71, with a dividend yield of 1.9%, to be paid on September 12th to stockholders of record.

FORA Capital LLC lessened its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 43.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,875 shares of the restaurant operator's stock after selling 6,899 shares during the period. FORA Capital LLC's holdings in Yum! Brands were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of YUM. Vanguard Group Inc. increased its holdings in shares of Yum! Brands by 1.4% in the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock worth $5,367,427,000 after purchasing an additional 483,918 shares during the period. Northern Trust Corp increased its stake in Yum! Brands by 20.4% in the 4th quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock worth $475,714,000 after acquiring an additional 601,361 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Yum! Brands by 14.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,045,475 shares of the restaurant operator's stock valued at $274,421,000 after acquiring an additional 258,369 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Yum! Brands by 1.4% in the 1st quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator's stock valued at $307,504,000 after acquiring an additional 27,355 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Yum! Brands by 28.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,940,044 shares of the restaurant operator's stock valued at $305,286,000 after acquiring an additional 430,511 shares during the last quarter. 82.37% of the stock is owned by institutional investors.

Yum! Brands Stock Up 0.2%

Yum! Brands stock opened at $147.22 on Wednesday. The firm has a fifty day simple moving average of $146.37 and a two-hundred day simple moving average of $148.21. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The company has a market capitalization of $40.86 billion, a PE ratio of 29.04, a P/E/G ratio of 2.29 and a beta of 0.73.

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

Yum! Brands Announces Dividend

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

Wall Street Analyst Weigh In

YUM has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Melius started coverage on shares of Yum! Brands in a research note on Monday, July 14th. They issued a "buy" rating and a $200.00 price target for the company. TD Cowen decreased their price target on shares of Yum! Brands from $158.00 to $156.00 and set a "hold" rating on the stock in a report on Tuesday, August 5th. Barclays restated an "overweight" rating and set a $164.00 price objective (down previously from $167.00) on shares of Yum! Brands in a research report on Tuesday, August 5th. Finally, Sanford C. Bernstein set a $164.00 target price on shares of Yum! Brands in a research report on Tuesday, August 5th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $161.23.

Insider Activity

In other news, CEO David W. Gibbs sold 7,117 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the completion of the transaction, the chief executive officer directly owned 102,893 shares of the company's stock, valued at approximately $15,084,113.80. This represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott Mezvinsky sold 272 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total value of $40,332.16. Following the completion of the sale, the chief executive officer directly owned 1,755 shares in the company, valued at $260,231.40. The trade was a 13.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,284 shares of company stock valued at $4,310,663 in the last three months. Corporate insiders own 0.33% of the company's stock.

Yum! Brands Company 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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