Trustcore Financial Services LLC bought a new position in shares of Yum! Brands, Inc. (NYSE:YUM) during the 1st quarter, Holdings Channel reports. The firm bought 1,463 shares of the restaurant operator’s stock, valued at approximately $146,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rossmore Private Capital lifted its holdings in Yum! Brands by 2.5% during the 1st quarter. Rossmore Private Capital now owns 4,711 shares of the restaurant operator’s stock worth $470,000 after buying an additional 115 shares during the period. Kaizen Advisory LLC lifted its holdings in Yum! Brands by 16.0% during the 4th quarter. Kaizen Advisory LLC now owns 898 shares of the restaurant operator’s stock worth $83,000 after buying an additional 124 shares during the period. Wedbush Securities Inc. lifted its stake in shares of Yum! Brands by 2.6% in the 1st quarter. Wedbush Securities Inc. now owns 5,166 shares of the restaurant operator’s stock valued at $516,000 after purchasing an additional 133 shares during the period. Bogart Wealth LLC lifted its stake in shares of Yum! Brands by 70.0% in the 1st quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 140 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of Yum! Brands by 4.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,715 shares of the restaurant operator’s stock valued at $341,000 after purchasing an additional 145 shares during the period. 75.09% of the stock is currently owned by hedge funds and other institutional investors.
Yum! Brands stock traded down $0.04 during midday trading on Friday, reaching $100.83. The stock had a trading volume of 22,217 shares, compared to its average volume of 1,404,204. Yum! Brands, Inc. has a 12 month low of $77.09 and a 12 month high of $104.47. The firm has a market capitalization of $30.73 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.15 and a beta of 0.56.
Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company posted $0.90 EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. On average, sell-side analysts predict that Yum! Brands, Inc. will post 3.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 16th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, May 15th. Yum! Brands’s payout ratio is 53.00%.
YUM has been the topic of a number of recent analyst reports. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research note on Monday, February 11th. BTIG Research boosted their price objective on Yum! Brands to $114.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. BMO Capital Markets boosted their price objective on Yum! Brands to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 8th. Mizuho downgraded Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. downgraded Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 price objective on the stock. in a research note on Tuesday, March 19th. One investment 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. The company currently has an average rating of “Hold” and a consensus price target of $98.17.
In related news, CEO Greg Creed sold 32,502 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $94.31, for a total value of $3,065,263.62. Following the completion of the sale, the chief executive officer now directly owns 38,119 shares of the company’s stock, valued at approximately $3,595,002.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David W. Gibbs sold 1,537 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $101.49, for a total value of $155,990.13. Following the sale, the chief financial officer now directly owns 43,516 shares of the company’s stock, valued at $4,416,438.84. The disclosure for this sale can be found here. Insiders sold a total of 45,753 shares of company stock valued at $4,394,028 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.
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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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