Yum! Brands, Inc. (NYSE:YUM) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totalling 3,480,000 shares, a decrease of 17.3% from the October 15th total of 4,210,000 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 1,530,000 shares, the days-to-cover ratio is currently 2.3 days.
In related news, insider Tracy L. Skeans sold 3,370 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $95.00, for a total value of $320,150.00. Following the completion of the sale, the insider now owns 13,186 shares in the company, valued at approximately $1,252,670. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 2,334 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $93.15, for a total transaction of $217,412.10. Following the completion of the sale, the chief executive officer now owns 76,049 shares of the company’s stock, valued at approximately $7,083,964.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,953 shares of company stock valued at $3,369,254. 0.72% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Family Firm Inc. purchased a new position in Yum! Brands in the 3rd quarter valued at about $203,000. JGP Wealth Management LLC purchased a new position in Yum! Brands in the 3rd quarter valued at about $206,000. DekaBank Deutsche Girozentrale lifted its holdings in Yum! Brands by 28.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 46,308 shares of the restaurant operator’s stock valued at $4,136,000 after purchasing an additional 10,205 shares in the last quarter. Lido Advisors LLC purchased a new position in Yum! Brands in the 2nd quarter valued at about $403,000. Finally, Advisors Asset Management Inc. lifted its holdings in Yum! Brands by 11.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 28,485 shares of the restaurant operator’s stock valued at $2,476,000 after purchasing an additional 2,866 shares in the last quarter. Institutional investors and hedge funds own 75.22% of the company’s stock.
Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, October 29th. The restaurant operator reported $1.01 EPS for the quarter, topping the consensus estimate of $0.79 by $0.22. Yum! Brands had a net margin of 18.78% and a negative return on equity of 12.42%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the firm earned $0.80 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, analysts expect that Yum! Brands will post 3.17 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Wednesday, November 25th will be given a $0.47 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $1.88 annualized dividend and a dividend yield of 1.79%. Yum! Brands’s dividend payout ratio is presently 52.96%.
YUM has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Yum! Brands from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Royal Bank of Canada boosted their price objective on shares of Yum! Brands from $87.00 to $94.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised shares of Yum! Brands from a “hold” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $107.00 in a research note on Monday, August 3rd. Credit Suisse Group boosted their price objective on shares of Yum! Brands from $99.00 to $103.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. Finally, Oppenheimer boosted their price objective on shares of Yum! Brands from $103.00 to $108.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. Fourteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $101.21.
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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