Yum! Brands, Inc. (NYSE:YUM) Stock Position Reduced by State of Alaska Department of Revenue
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in Yum! Brands by 0.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 22,079 shares of the restaurant operator’s stock worth $2,828,000 after acquiring an additional 77 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Yum! Brands by 14.1% in the fourth quarter. Global Retirement Partners LLC now owns 631 shares of the restaurant operator’s stock worth $82,000 after buying an additional 78 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in shares of Yum! Brands by 3.5% in the first quarter. Belpointe Asset Management LLC now owns 2,607 shares of the restaurant operator’s stock worth $344,000 after buying an additional 88 shares during the last quarter. Cozad Asset Management Inc. lifted its stake in shares of Yum! Brands by 3.8% in the third quarter. Cozad Asset Management Inc. now owns 2,439 shares of the restaurant operator’s stock worth $305,000 after buying an additional 90 shares during the last quarter. Finally, Horrell Capital Management Inc. raised its stake in Yum! Brands by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 29,974 shares of the restaurant operator’s stock valued at $3,916,000 after purchasing an additional 94 shares during the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.
Yum! Brands Stock Performance
YUM opened at $138.65 on Monday. The firm’s 50-day simple moving average is $134.75 and its 200-day simple moving average is $128.96. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.24. The firm has a market cap of $39.01 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 2.19 and a beta of 1.10.
Yum! Brands (NYSE:YUM – Get Free Report) last posted its earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.13). Yum! Brands had a negative return on equity of 17.76% and a net margin of 22.57%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the company posted $1.31 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.72 EPS for the current fiscal year.
Yum! Brands Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 20th. This represents a $2.68 dividend on an annualized basis and a yield of 1.93%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.61. Yum! Brands’s dividend payout ratio is currently 47.94%.
Insiders Place Their Bets
In other Yum! Brands news, CEO David W. Gibbs sold 3,756 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $129.21, for a total transaction of $485,312.76. Following the sale, the chief executive officer now owns 57,325 shares of the company’s stock, valued at approximately $7,406,963.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Yum! Brands news, CEO David W. Gibbs sold 7,067 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $136.34, for a total transaction of $963,514.78. Following the transaction, the chief executive officer now directly owns 175,377 shares in the company, valued at approximately $23,910,900.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 3,756 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $129.21, for a total transaction of $485,312.76. Following the transaction, the chief executive officer now owns 57,325 shares in the company, valued at $7,406,963.25. The disclosure for this sale can be found here. Insiders have sold a total of 20,742 shares of company stock valued at $2,734,628 in the last 90 days. 0.31% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Guggenheim upped their target price on shares of Yum! Brands from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Citigroup upped their target price on shares of Yum! Brands from $164.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. boosted their price target on shares of Yum! Brands from $133.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Barclays lowered their price target on shares of Yum! Brands from $146.00 to $144.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Finally, Wells Fargo & Company lowered shares of Yum! Brands from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $150.00 to $135.00 in a report on Thursday, January 11th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Yum! Brands currently has a consensus rating of “Hold” and an average price target of $145.00.
View Our Latest Analysis on YUM
About Yum! Brands
Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.
Further Reading
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