CIBC Private Wealth Group LLC Grows Holdings in Yum! Brands, Inc. (YUM)

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CIBC Private Wealth Group LLC raised its position in Yum! Brands, Inc. (NYSE:YUM) by 0.4% in the 4th quarter, HoldingsChannel reports. The fund owned 128,227 shares of the restaurant operator’s stock after acquiring an additional 502 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Yum! Brands were worth $11,786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in YUM. Victory Capital Management Inc. grew its position in 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 acquiring an additional 1,693,021 shares in the last quarter. Federated Investors Inc. PA grew its position in Yum! Brands by 608.2% in the 3rd quarter. Federated Investors Inc. PA now owns 721,958 shares of the restaurant operator’s stock valued at $65,633,000 after acquiring an additional 620,015 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Yum! Brands by 127.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 731,402 shares of the restaurant operator’s stock valued at $66,305,000 after acquiring an additional 410,049 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Yum! Brands by 37.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,424,785 shares of the restaurant operator’s stock valued at $129,527,000 after acquiring an additional 388,027 shares in the last quarter. Finally, Sustainable Growth Advisers LP grew its position in Yum! Brands by 7.8% in the 3rd quarter. Sustainable Growth Advisers LP now owns 4,693,776 shares of the restaurant operator’s stock valued at $426,711,000 after acquiring an additional 341,611 shares in the last quarter. 72.64% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Monday. BMO Capital Markets lifted their target price on Yum! Brands to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 8th. Cowen reaffirmed a “buy” rating and issued a $100.00 target price on shares of Yum! Brands in a research report on Sunday, December 2nd. Goldman Sachs Group downgraded Yum! Brands from a “neutral” rating to a “sell” rating and dropped their target price for the company from $83.00 to $76.00 in a research report on Friday, January 11th. Finally, Gordon Haskett began coverage on Yum! Brands in a research report on Thursday, October 18th. They issued a “hold” rating and a $90.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $93.46.

In related news, CEO Greg Creed sold 13,986 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 207,912 shares in the company, valued at $19,628,971.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Anthony Lowings sold 2,889 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $89.93, for a total value of $259,807.77. Following the sale, the chief executive officer now owns 36,497 shares of the company’s stock, valued at approximately $3,282,175.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,912 shares of company stock valued at $4,639,882. Corporate insiders own 0.63% of the company’s stock.

Shares of Yum! Brands stock opened at $93.33 on Thursday. Yum! Brands, Inc. has a one year low of $76.32 and a one year high of $95.45. The stock has a market cap of $29.37 billion, a PE ratio of 29.44, a P/E/G ratio of 1.96 and a beta of 0.60.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.57). Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Research analysts predict that Yum! Brands, Inc. will post 3.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Thursday, February 14th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.36. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.80%. Yum! Brands’s payout ratio is currently 45.43%.

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About Yum! Brands

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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