Ffcm LLC Has $882,000 Stake in Yum! Brands, Inc. (YUM)

Ffcm LLC raised its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 1,824.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,700 shares of the restaurant operator’s stock after acquiring an additional 9,196 shares during the quarter. Ffcm LLC’s holdings in Yum! Brands were worth $882,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Yum! Brands by 3.8% during the 2nd quarter. BlackRock Inc. now owns 21,758,890 shares of the restaurant operator’s stock worth $1,701,978,000 after acquiring an additional 802,066 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Yum! Brands by 5.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,459,185 shares of the restaurant operator’s stock worth $496,295,000 after acquiring an additional 264,177 shares in the last quarter. Sustainable Growth Advisers LP boosted its position in shares of 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 acquiring an additional 341,611 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Yum! Brands by 3,028.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,748,932 shares of the restaurant operator’s stock valued at $158,996,000 after purchasing an additional 1,693,021 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of Yum! Brands by 19.9% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,533,041 shares of the restaurant operator’s stock valued at $139,369,000 after purchasing an additional 254,834 shares during the last quarter. 73.08% of the stock is owned by institutional investors and hedge funds.

YUM opened at $87.19 on Friday. The company has a market cap of $27.18 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.85 and a beta of 0.85. Yum! Brands, Inc. has a 52 week low of $75.88 and a 52 week high of $92.21.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Yum! Brands had a negative return on equity of 17.89% and a net margin of 28.81%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. As a group, equities research analysts predict that Yum! Brands, Inc. will post 3.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, November 23rd. Yum! Brands’s dividend payout ratio is presently 48.65%.

Yum! Brands announced that its board has approved a stock buyback plan on Friday, August 10th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the restaurant operator to purchase up to 7.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Several analysts have recently weighed in on the company. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Wednesday, October 17th. BTIG Research boosted their target price on Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Gordon Haskett assumed coverage on Yum! Brands in a report on Thursday, October 18th. They issued a “hold” rating and a $90.00 target price for the company. KeyCorp assumed coverage on Yum! Brands in a report on Wednesday, October 3rd. They issued a “sector weight” rating for the company. Finally, Stifel Nicolaus downgraded Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 target price for the company. in a report on Tuesday, October 23rd. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $90.75.

In other Yum! Brands news, CEO Roger G. Eaton sold 44,823 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $90.54, for a total transaction of $4,058,274.42. Following the completion of the sale, the chief executive officer now directly owns 160,726 shares of the company’s stock, valued at approximately $14,552,132.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 6,369 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $87.83, for a total value of $559,389.27. Following the sale, the chief financial officer now directly owns 47,701 shares of the company’s stock, valued at $4,189,578.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,289 shares of company stock valued at $6,401,458. 0.63% of the stock is owned by company insiders.

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Yum! Brands 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.

See Also: Intrinsic Value

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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