Illinois Municipal Retirement Fund lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 55.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,157 shares of the restaurant operator's stock after acquiring an additional 34,932 shares during the period. Illinois Municipal Retirement Fund's holdings in Yum! Brands were worth $15,446,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. HBK Sorce Advisory LLC grew its position in shares of Yum! Brands by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,664 shares of the restaurant operator's stock worth $357,000 after acquiring an additional 69 shares in the last quarter. OLD Point Trust & Financial Services N A grew its position in shares of Yum! Brands by 0.5% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 15,357 shares of the restaurant operator's stock worth $2,060,000 after acquiring an additional 70 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Yum! Brands by 1.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 6,605 shares of the restaurant operator's stock worth $886,000 after acquiring an additional 71 shares in the last quarter. Investment Partners LTD. grew its position in shares of Yum! Brands by 2.3% in the 4th quarter. Investment Partners LTD. now owns 3,231 shares of the restaurant operator's stock worth $433,000 after acquiring an additional 72 shares in the last quarter. Finally, Lakeshore Capital Group Inc. grew its position in shares of Yum! Brands by 2.1% in the 1st quarter. Lakeshore Capital Group Inc. now owns 3,614 shares of the restaurant operator's stock worth $569,000 after acquiring an additional 74 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Redburn Atlantic upgraded Yum! Brands from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $145.00 to $177.00 in a research note on Tuesday, June 10th. Stifel Nicolaus upped their price objective on Yum! Brands from $130.00 to $148.00 and gave the stock a "hold" rating in a research note on Friday, February 28th. Guggenheim upped their price objective on Yum! Brands from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Robert W. Baird lowered their price objective on Yum! Brands from $176.00 to $174.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. upgraded Yum! Brands from a "neutral" rating to an "overweight" rating and lowered their price objective for the stock from $170.00 to $162.00 in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $157.86.
Get Our Latest Stock Report on Yum! Brands
Yum! Brands Stock Performance
Shares of YUM stock opened at $147.12 on Friday. The firm has a market capitalization of $40.89 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.74. The stock has a fifty day moving average of $145.14 and a two-hundred day moving average of $143.49. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.
Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.01. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.85 billion. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The company's revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share. Equities research analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.
Yum! Brands Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were issued a $0.71 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.84 annualized dividend and a dividend yield of 1.93%. Yum! Brands's dividend payout ratio (DPR) is 56.57%.
Insider Activity
In other news, CEO David W. Gibbs sold 5,139 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $146.70, for a total value of $753,891.30. Following the completion of the sale, the chief executive officer now owns 157,893 shares in the company, valued at $23,162,903.10. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Scott Mezvinsky sold 268 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $145.97, for a total value of $39,119.96. Following the completion of the sale, the chief executive officer now owns 1,755 shares of the company's stock, valued at approximately $256,177.35. This trade represents a 13.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,470 shares of company stock worth $1,821,172 over the last 90 days. 0.33% of the stock is currently owned by company insiders.
Yum! Brands Profile
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Free Report)
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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