New Mexico Educational Retirement Board Lowers Position in Yum! Brands, Inc. (YUM)

New Mexico Educational Retirement Board decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 3.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,072 shares of the restaurant operator’s stock after selling 900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Yum! Brands were worth $2,602,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its stake in Yum! Brands by 2.4% during the 4th quarter. BlackRock Inc. now owns 21,595,217 shares of the restaurant operator’s stock valued at $1,985,033,000 after acquiring an additional 496,648 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Yum! Brands by 6,899.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock worth $64,000 after buying an additional 5,832,264 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Yum! Brands by 5.1% in 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 buying an additional 264,177 shares in the last quarter. Northern Trust Corp raised its stake in shares of Yum! Brands by 2.0% in the 4th quarter. Northern Trust Corp now owns 3,931,459 shares of the restaurant operator’s stock worth $361,380,000 after buying an additional 78,678 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Yum! Brands by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock worth $356,348,000 after buying an additional 260,681 shares in the last quarter. Institutional investors own 75.02% of the company’s stock.

Shares of NYSE YUM traded up $0.69 during mid-day trading on Friday, reaching $101.43. The company had a trading volume of 1,582,325 shares, compared to its average volume of 1,349,333. The stock has a market capitalization of $31.04 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.16 and a beta of 0.56. Yum! Brands, Inc. has a 1-year low of $77.09 and a 1-year high of $104.47.

Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $0.90 EPS. The company’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 3.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.66%. Yum! Brands’s dividend payout ratio is 53.00%.

In other news, CEO Greg Creed sold 13,986 shares of Yum! Brands stock in a transaction on Monday, February 11th. The stock was sold at an average price of $94.41, for a total transaction of $1,320,418.26. Following the transaction, the chief executive officer now owns 207,912 shares in the company, valued at $19,628,971.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Eric Russell sold 5,872 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.00, for a total value of $587,200.00. Following the completion of the transaction, the vice president now owns 23,653 shares in the company, valued at approximately $2,365,300. The disclosure for this sale can be found here. Insiders have sold 79,486 shares of company stock worth $7,556,673 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

YUM has been the topic of a number of research reports. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Saturday, January 12th. Citigroup dropped their price objective on Yum! Brands from $104.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, April 4th. Goldman Sachs Group downgraded Yum! Brands from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $83.00 to $76.00 in a research note on Friday, January 11th. JPMorgan Chase & Co. cut Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 target price on the stock. in a report on Tuesday, March 19th. Finally, Mizuho cut Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $98.17.

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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.

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

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