Resona Asset Management Co. Ltd. Has $16.43 Million Holdings in Yum! Brands, Inc. $YUM

Resona Asset Management Co. Ltd. cut its holdings in Yum! Brands, Inc. (NYSE:YUM) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,514 shares of the restaurant operator’s stock after selling 3,363 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Yum! Brands were worth $16,432,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Junto Capital Management LP bought a new stake in shares of Yum! Brands in the third quarter valued at approximately $133,251,000. Balyasny Asset Management L.P. bought a new stake in shares of Yum! Brands in the third quarter valued at approximately $126,945,000. Vanguard Group Inc. boosted its stake in shares of Yum! Brands by 2.0% in the third quarter. Vanguard Group Inc. now owns 35,242,558 shares of the restaurant operator’s stock valued at $5,356,869,000 after buying an additional 684,946 shares during the period. Marshall Wace LLP bought a new stake in shares of Yum! Brands in the third quarter valued at approximately $86,944,000. Finally, Capital International Investors boosted its stake in shares of Yum! Brands by 3.1% in the third quarter. Capital International Investors now owns 16,179,636 shares of the restaurant operator’s stock valued at $2,459,940,000 after buying an additional 487,069 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Tracy L. Skeans sold 1,837 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $152.00, for a total value of $279,224.00. Following the sale, the chief operating officer directly owned 3,497 shares in the company, valued at approximately $531,544. This trade represents a 34.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christopher Lee Turner sold 250 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $160.48, for a total transaction of $40,120.00. Following the completion of the sale, the chief executive officer owned 64,552 shares in the company, valued at approximately $10,359,304.96. The trade was a 0.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 2,890 shares of company stock worth $451,123. Corporate insiders own 0.14% of the company’s stock.

Yum! Brands Stock Up 0.5%

YUM stock opened at $152.98 on Thursday. Yum! Brands, Inc. has a 12 month low of $137.33 and a 12 month high of $169.39. The firm has a market cap of $42.16 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.94 and a beta of 0.61. The company’s 50-day moving average price is $157.28 and its two-hundred day moving average price is $155.35.

Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $1.50 EPS for the quarter, beating the consensus estimate of $1.39 by $0.11. Yum! Brands had a net margin of 20.48% and a negative return on equity of 23.51%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm earned $1.30 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Equities analysts predict that Yum! Brands, Inc. will post 6.77 EPS for the current year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Wednesday, May 27th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, May 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 48.39%.

Analyst Upgrades and Downgrades

YUM has been the subject of several recent research reports. Barclays set a $185.00 price target on Yum! Brands and gave the company an “overweight” rating in a research note on Thursday, February 5th. Weiss Ratings cut Yum! Brands from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. TD Cowen raised their target price on shares of Yum! Brands from $180.00 to $186.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. BMO Capital Markets reissued a “market perform” rating and issued a $168.00 target price on shares of Yum! Brands in a report on Monday, May 4th. Finally, Evercore reissued an “outperform” rating and issued a $190.00 target price on shares of Yum! Brands in a report on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $176.22.

Yum! Brands Profile

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.