Texas Permanent School Fund cut its stake in Yum! Brands, Inc. (NYSE:YUM – Get Rating) by 7.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,486 shares of the restaurant operator’s stock after selling 2,945 shares during the quarter. Texas Permanent School Fund’s holdings in Yum! Brands were worth $4,443,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of YUM. EverSource Wealth Advisors LLC bought a new stake in Yum! Brands in the fourth quarter worth $31,000. Cornerstone Advisory LLC bought a new stake in shares of Yum! Brands during the fourth quarter worth $31,000. Riverview Trust Co bought a new stake in shares of Yum! Brands during the first quarter worth $31,000. CVA Family Office LLC lifted its position in shares of Yum! Brands by 43.6% during the first quarter. CVA Family Office LLC now owns 280 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 85 shares during the last quarter. Finally, Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of Yum! Brands during the fourth quarter worth $34,000. 79.23% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on YUM. Citigroup decreased their target price on Yum! Brands from $148.00 to $145.00 in a research report on Thursday, July 21st. Credit Suisse Group decreased their price objective on Yum! Brands from $137.00 to $130.00 in a report on Thursday, May 5th. Barclays decreased their price objective on Yum! Brands from $124.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, June 9th. The Goldman Sachs Group upgraded Yum! Brands from a “sell” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $135.00 in a report on Monday, July 18th. Finally, BMO Capital Markets decreased their price objective on Yum! Brands from $140.00 to $130.00 in a report on Thursday, May 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Yum! Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.46.
Yum! Brands Stock Performance
Yum! Brands (NYSE:YUM – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The restaurant operator reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). Yum! Brands had a negative return on equity of 15.45% and a net margin of 22.17%. During the same period in the previous year, the business posted $1.16 EPS. As a group, equities analysts forecast that Yum! Brands, Inc. will post 4.6 earnings per share for the current year.
Yum! Brands Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Monday, May 30th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.93%. Yum! Brands’s payout ratio is 45.69%.
Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company 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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