Redpoint Investment Management Pty Ltd Has $3.67 Million Stake in Yum! Brands, Inc. (YUM)

Redpoint Investment Management Pty Ltd Has $3.67 Million Stake in Yum! Brands, Inc. (YUM)

Redpoint Investment Management Pty Ltd raised its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,887 shares of the restaurant operator’s stock after acquiring an additional 607 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Yum! Brands were worth $3,666,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of YUM. Victory Capital Management Inc. increased its position in Yum! Brands by 3,028.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,748,932 shares of the restaurant operator’s stock worth $158,996,000 after purchasing an additional 1,693,021 shares during the period. Federated Investors Inc. PA increased its position in Yum! Brands by 608.2% during the 3rd quarter. Federated Investors Inc. PA now owns 721,958 shares of the restaurant operator’s stock worth $65,633,000 after purchasing an additional 620,015 shares during the period. O Shaughnessy Asset Management LLC increased its position in Yum! Brands by 127.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 731,402 shares of the restaurant operator’s stock worth $66,305,000 after purchasing an additional 410,049 shares during the period. TIAA CREF Investment Management LLC increased its position in Yum! Brands by 37.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,424,785 shares of the restaurant operator’s stock worth $129,527,000 after purchasing an additional 388,027 shares during the period. Finally, Sustainable Growth Advisers LP increased its position in Yum! Brands by 7.8% during the 3rd quarter. Sustainable Growth Advisers LP now owns 4,693,776 shares of the restaurant operator’s stock worth $426,711,000 after purchasing an additional 341,611 shares during the period. 72.64% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on YUM. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Monday. BMO Capital Markets boosted their target price on Yum! Brands to $100.00 and gave the stock a “market perform” rating in a research report on Friday. Cowen reiterated a “buy” rating and set a $100.00 target price on shares of Yum! Brands in a research report on Sunday, December 2nd. Goldman Sachs Group cut Yum! Brands from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $83.00 to $76.00 in a research report on Friday, January 11th. Finally, Gordon Haskett began coverage on Yum! Brands in a research report on Thursday, October 18th. They set a “hold” rating and a $90.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $92.64.

YUM opened at $94.49 on Monday. The company has a market capitalization of $29.51 billion, a P/E ratio of 29.81, a PEG ratio of 1.96 and a beta of 0.60. Yum! Brands, Inc. has a 1-year low of $76.32 and a 1-year high of $95.45.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.57). The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.57 billion. Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Analysts expect that Yum! Brands, Inc. will post 3.79 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Thursday, February 14th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.78%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.36. Yum! Brands’s dividend payout ratio is currently 45.43%.

In related news, General Counsel Scott Catlett sold 745 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $90.00, for a total value of $67,050.00. Following the sale, the general counsel now owns 5,188 shares in the company, valued at approximately $466,920. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David W. Gibbs sold 19,436 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $94.06, for a total value of $1,828,150.16. Following the sale, the chief financial officer now owns 61,554 shares in the company, valued at approximately $5,789,769.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,317 shares of company stock worth $3,883,277. Insiders own 0.63% of the company’s stock.

About Yum! Brands

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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