DNB Asset Management AS Purchases 2,741 Shares of Yum! Brands, Inc. (NYSE:YUM)

DNB Asset Management AS boosted its position in shares of Yum! Brands, Inc. (NYSE:YUMGet Rating) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,058 shares of the restaurant operator’s stock after buying an additional 2,741 shares during the period. DNB Asset Management AS’s holdings in Yum! Brands were worth $5,459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in YUM. CVA Family Office LLC bought a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $27,000. EverSource Wealth Advisors LLC bought a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $31,000. Cornerstone Advisory LLC bought a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $31,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $34,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Yum! Brands by 93.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 244 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 118 shares during the last quarter. 79.23% of the stock is owned by institutional investors.

Shares of NYSE YUM opened at $111.46 on Thursday. The stock has a market capitalization of $31.78 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.02 and a beta of 1.03. The stock’s fifty day simple moving average is $116.08 and its two-hundred day simple moving average is $122.04. Yum! Brands, Inc. has a 12-month low of $108.37 and a 12-month high of $139.85.

Yum! Brands (NYSE:YUMGet Rating) last announced its earnings results on Wednesday, May 4th. The restaurant operator reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. Yum! Brands had a net margin of 24.80% and a negative return on equity of 16.34%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. As a group, analysts forecast that Yum! Brands, Inc. will post 4.63 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Monday, May 30th were given a dividend of $0.57 per share. The ex-dividend date was Thursday, May 26th. This represents a $2.28 annualized dividend and a yield of 2.05%. Yum! Brands’s dividend payout ratio (DPR) is presently 41.38%.

Several equities research analysts have recently issued reports on YUM shares. Morgan Stanley lowered their price objective on Yum! Brands from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, April 14th. StockNews.com began coverage on Yum! Brands in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Credit Suisse Group reduced their price target on Yum! Brands from $137.00 to $130.00 in a report on Thursday, May 5th. Barclays reduced their price target on Yum! Brands from $124.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, June 9th. Finally, BMO Capital Markets reduced their price target on Yum! Brands from $140.00 to $130.00 in a report on Thursday, May 5th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Yum! Brands has an average rating of “Moderate Buy” and a consensus target price of $138.47.

About Yum! Brands (Get Rating)

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

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