Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, February 8th. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Brant Point Investment Management LLC's holdings in Yum! Brands during the 4th quarter valued at $102,000. Sun Life Financial INC lifted its position in shares of Yum! Brands by 892.5% in the 4th quarter.
Swiss National Bank, which manages about $87.81 billion US Long portfolio, upped its stake in Ameren Corp (NYSE:AEE) by 8,800 shares to 1.00M shares, valued at $58.04 million in 2017Q3, according to the filing. Brands by 54.2% during the 4th quarter. Brands during the 3rd quarter valued at about $117,000. Magellan Asset Management Ltd now owns 15,446,852 shares of the restaurant operator's stock valued at $1,139,360,000 after buying an additional 308,387 shares during the period. Goldman, Sachs & Co. served as financial advisor and Mayer Brown is serving as legal advisor to Yum! Davidson Kempner Capital Management LP now owns 675,000 shares of the restaurant operator's stock valued at $49,788,000 after purchasing an additional 550,000 shares during the last quarter. Brands by 26.0% during the third quarter. Geode Capital Management LLC now owns 3,024,137 shares of the restaurant operator's stock valued at $192,940,000 after buying an additional 170,079 shares during the period. The stock is going forward its fifty-two week low with 23.04% and lagging behind from its 52-week high price with -11.04%. The stock has increased 21 percent in the last 12 months. About 5.10 million shares traded or 180.70% up from the average. Yum! The company has a debt-to-equity ratio of -1.49, a current ratio of 1.66 and a quick ratio of 1.41. Yum!
Shares of Yum! Brands (NYSE YUM) traded up $3.01 during trading hours on Wednesday, reaching $79.31. After $0.64 actual earnings per share reported by LHC Group, Inc. for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth. During the same quarter in the previous year, the firm earned $0.79 EPS.
Among 28 analysts covering YUM! Brands will post 3.28 earnings per share for the current fiscal year. Brands from a hold rating to a sell rating in a research note on Tuesday, October 17th.
But Louisville-based Yum! Brands, the corporate parent of fast food brands KFC, Pizza Hut and Taco Bell, has no business use for the money it will save under the GOP-led Tax Cuts and Jobs Act. Shares buyback plans are often a sign that the company's management believes its shares are undervalued. Brands, Inc. (NYSE:YUM) has risen 21.70% since February 10, 2017 and is uptrending. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.82%.
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Yum is on track to return $6.5 billion to $7 billion to its shareholders from 2017-2019 through stock buybacks and dividends, executives said Thursday. This is a boost from Yum! Brands, Inc. (NYSE:YUM). Ngam Advisors Limited Partnership holds 0.37% or 469,608 shares in its portfolio. Brands's payout ratio is 31.66%. Niccol Brian R had sold 2,294 shares worth $194,761. The shares were sold at an average price of $83.46, for a total value of $77,367.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,104 shares of Yum! "Brands, Inc. Isn't Bad, But This Pizza Stock Is Better" published on February 09, 2018, Seekingalpha.com published: "Yum Brands and Grubhub announce strategic partnership" on February 08, 2018. They now have a $89.00 price target on the restaurant operator's stock, down from their prior price target of $92.00. The disclosure for this sale can be found here.
The Chicago-based company said it had 14.5 million active diners - the number of unique accounts from which an order has been placed in the past twelve months - in the quarter. Finally, JPMorgan Chase & Co. reiterated a buy rating and set a $80.00 price target on shares of Yum! Brands from $85.00 to $82.00 and set a "market perform" rating for the company in a report on Friday.
In terms of performance, shares of Yum! Brands from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 30th. BidaskClub upgraded shares of Yum! Brands, Inc. (NYSE:YUM). Rocky Mountain Advisers Lc reported 0.81% in Yum! Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Yum! Brands in a report on Friday, November 3rd. Geode Capital Management Limited Liability Corp reported 992,002 shares. Brands stock in a transaction on Wednesday, August 9th. Evercore has "Hold" rating and $90 target.
TRADEMARK VIOLATION WARNING: This piece was reported by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & worldwide copyright legislation. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.