Elite Wealth Management Inc. Buys Shares of 12,753 Yum! Brands, Inc. (YUM)

Elite Wealth Management Inc. bought a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,753 shares of the restaurant operator’s stock, valued at approximately $1,041,000. Yum! Brands makes up approximately 0.9% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Yum! Brands by 18.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock worth $582,270,000 after acquiring an additional 1,220,537 shares in the last quarter. Alkeon Capital Management LLC bought a new position in shares of Yum! Brands in the 3rd quarter worth $45,086,000. Davidson Kempner Capital Management LP raised its position in shares of Yum! Brands by 440.0% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 675,000 shares of the restaurant operator’s stock worth $49,788,000 after acquiring an additional 550,000 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Yum! Brands in the 2nd quarter worth $509,000. Finally, Frontier Capital Management Co. LLC raised its position in shares of Yum! Brands by 48.9% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,132,652 shares of the restaurant operator’s stock worth $83,375,000 after acquiring an additional 371,768 shares in the last quarter. 73.23% of the stock is owned by institutional investors and hedge funds.

In other Yum! Brands news, CEO Brian R. Niccol sold 2,294 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $84.90, for a total transaction of $194,760.60. Following the sale, the chief executive officer now owns 10,160 shares in the company, valued at approximately $862,584. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 1,104 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $82.37, for a total value of $90,936.48. Following the sale, the chief executive officer now owns 5,509 shares in the company, valued at approximately $453,776.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,270 shares of company stock worth $438,570. Company insiders own 0.65% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE YUM) traded down $0.23 during mid-day trading on Wednesday, reaching $77.54. The company had a trading volume of 674,074 shares, compared to its average volume of 2,024,249. Yum! Brands, Inc. has a 1 year low of $62.85 and a 1 year high of $86.93. The company has a current ratio of 1.66, a quick ratio of 1.65 and a debt-to-equity ratio of -1.49. The stock has a market cap of $26,309.10, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.86 and a beta of 0.93.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, February 8th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.16. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. sell-side analysts predict that Yum! Brands, Inc. will post 3.3 EPS for the current year.

Yum! Brands announced that its board has authorized a stock buyback plan on Friday, November 17th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.30. Yum! Brands’s payout ratio is presently 31.66%.

Several research analysts have recently commented on YUM shares. Zacks Investment Research lowered Yum! Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Barclays boosted their price target on Yum! Brands from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Oppenheimer reissued a “buy” rating and issued a $85.00 price target on shares of Yum! Brands in a research report on Monday, October 30th. Mizuho set a $74.00 price target on Yum! Brands and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Finally, UBS Group reissued a “positive” rating and issued a $89.00 price target (up from $83.00) on shares of Yum! Brands in a research report on Friday, November 3rd. Fourteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $82.26.

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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.

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

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