Alkeon Capital Management LLC Increases Holdings in Yum! Brands, Inc. (YUM)

Alkeon Capital Management LLC grew its position in Yum! Brands, Inc. (NYSE:YUM) by 23.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 756,260 shares of the restaurant operator’s stock after acquiring an additional 143,760 shares during the quarter. Alkeon Capital Management LLC owned 0.22% of Yum! Brands worth $61,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of YUM. New York State Common Retirement Fund raised its holdings in shares of Yum! Brands by 6.2% in the 3rd quarter. New York State Common Retirement Fund now owns 1,208,851 shares of the restaurant operator’s stock worth $88,984,000 after buying an additional 70,400 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Yum! Brands by 93.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 202,909 shares of the restaurant operator’s stock worth $14,936,000 after buying an additional 98,102 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Yum! Brands by 119.3% in the 3rd quarter. SG Americas Securities LLC now owns 8,182 shares of the restaurant operator’s stock worth $602,000 after buying an additional 50,657 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Yum! Brands by 24.5% in the 3rd quarter. Macquarie Group Ltd. now owns 115,266 shares of the restaurant operator’s stock worth $8,484,000 after buying an additional 22,700 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Yum! Brands by 10.3% in the 3rd quarter. Pacer Advisors Inc. now owns 8,371 shares of the restaurant operator’s stock worth $616,000 after buying an additional 780 shares in the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages have recently issued reports on YUM. Instinet cut Yum! Brands from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Saturday, January 13th. Deutsche Bank increased their target price on Yum! Brands from $75.00 to $82.00 and gave the stock a “hold” rating in a report on Monday, February 12th. Nomura cut Yum! Brands from a “buy” rating to a “neutral” rating and set a $89.00 target price for the company. in a report on Tuesday, January 30th. Finally, Edward Jones raised Yum! Brands from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Fourteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Yum! Brands currently has a consensus rating of “Hold” and a consensus price target of $82.30.

In other news, CEO Brian R. Niccol sold 945 shares of Yum! Brands stock in a transaction on Friday, February 9th. The stock was sold at an average price of $79.90, for a total value of $75,505.50. Following the completion of the sale, the chief executive officer now directly owns 10,785 shares of the company’s stock, valued at approximately $861,721.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian R. Niccol sold 1,104 shares of Yum! Brands stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $82.37, for a total value of $90,936.48. Following the completion of the sale, the chief executive officer now directly owns 5,509 shares of the company’s stock, valued at $453,776.33. The disclosure for this sale can be found here. Insiders sold a total of 4,343 shares of company stock valued at $361,203 over the last three months. Insiders own 0.65% of the company’s stock.

Shares of YUM stock opened at $83.09 on Wednesday. The company has a market capitalization of $27,764.84, a price-to-earnings ratio of 21.92, a PEG ratio of 2.00 and a beta of 0.93. Yum! Brands, Inc. has a 52 week low of $62.85 and a 52 week high of $86.93. The company has a debt-to-equity ratio of -1.49, a current ratio of 1.66 and a quick ratio of 1.65.

Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, February 8th. The restaurant operator reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.16. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. sell-side analysts predict that Yum! Brands, Inc. will post 3.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Wednesday, February 14th were paid a $0.36 dividend. This is a boost from Yum! Brands’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Tuesday, February 13th. Yum! Brands’s dividend payout ratio (DPR) is 37.99%.

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Yum! Brands Company Profile

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. 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.

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

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