Yum! Brands, Inc. (YUM) Holdings Lifted by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT grew its position in Yum! Brands, Inc. (NYSE:YUM) by 11.1% in the 3rd quarter, Holdings Channel reports. The firm owned 6,545 shares of the restaurant operator’s stock after buying an additional 653 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Yum! Brands were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of YUM. Millennium Management LLC grew its position in Yum! Brands by 447.8% in the 2nd quarter. Millennium Management LLC now owns 1,404,786 shares of the restaurant operator’s stock worth $109,882,000 after purchasing an additional 1,148,364 shares during the last quarter. Alps Advisors Inc. grew its position in Yum! Brands by 35,520.9% in the 2nd quarter. Alps Advisors Inc. now owns 920,088 shares of the restaurant operator’s stock worth $75,097,000 after purchasing an additional 917,505 shares during the last quarter. BlackRock Inc. grew its position in Yum! Brands by 3.8% in the 2nd quarter. BlackRock Inc. now owns 21,758,890 shares of the restaurant operator’s stock worth $1,701,978,000 after purchasing an additional 802,066 shares during the last quarter. Renaissance Technologies LLC bought a new position in Yum! Brands in the 2nd quarter worth about $41,120,000. Finally, Acadian Asset Management LLC grew its position in Yum! Brands by 419.3% in the 2nd quarter. Acadian Asset Management LLC now owns 598,783 shares of the restaurant operator’s stock worth $46,838,000 after purchasing an additional 483,467 shares during the last quarter. Hedge funds and other institutional investors own 71.08% of the company’s stock.

In related news, CFO David W. Gibbs sold 6,366 shares of the stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $87.87, for a total transaction of $559,380.42. Following the completion of the sale, the chief financial officer now directly owns 47,764 shares of the company’s stock, valued at $4,197,022.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David W. Gibbs sold 6,369 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $87.83, for a total transaction of $559,389.27. Following the sale, the chief financial officer now directly owns 47,701 shares of the company’s stock, valued at $4,189,578.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,075 shares of company stock valued at $1,779,370. Company insiders own 0.63% of the company’s stock.

Several research firms have commented on YUM. Gordon Haskett began coverage on shares of Yum! Brands in a research report on Thursday, October 18th. They issued a “hold” rating and a $90.00 target price for the company. Robert W. Baird upped their target price on shares of Yum! Brands from $94.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus cut shares of Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 target price for the company. in a research report on Tuesday, October 23rd. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Finally, BTIG Research increased their price objective on shares of Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Fourteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $90.06.

Yum! Brands stock opened at $87.99 on Friday. The company has a market capitalization of $27.43 billion, a PE ratio of 29.73, a P/E/G ratio of 1.93 and a beta of 0.86. Yum! Brands, Inc. has a 12-month low of $75.88 and a 12-month high of $92.21.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Yum! Brands had a net margin of 27.95% and a negative return on equity of 17.36%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the firm posted $0.68 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. On average, analysts anticipate that Yum! Brands, Inc. will post 3.5 EPS for the current fiscal year.

Yum! Brands announced that its board has approved a stock repurchase plan on Friday, August 10th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the restaurant operator to purchase up to 7.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.

See Also: Understanding Price to Earnings Ratio (PE)

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

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