WINTON GROUP Ltd grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 73.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 339,976 shares of the restaurant operator’s stock after acquiring an additional 143,501 shares during the period. Yum! Brands comprises about 0.6% of WINTON GROUP Ltd’s holdings, making the stock its 17th biggest position. WINTON GROUP Ltd owned about 0.11% of Yum! Brands worth $30,907,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Asset Advisors Investment Management LLC purchased a new position in shares of Yum! Brands during the 3rd quarter worth approximately $136,000. Willingdon Wealth Management increased its stake in shares of Yum! Brands by 2,110.0% during the 3rd quarter. Willingdon Wealth Management now owns 1,768 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 1,688 shares in the last quarter. Legacy Financial Advisors Inc. increased its stake in shares of Yum! Brands by 54.3% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 2,057 shares of the restaurant operator’s stock worth $187,000 after purchasing an additional 724 shares in the last quarter. Douglass Winthrop Advisors LLC purchased a new position in shares of Yum! Brands during the 3rd quarter worth approximately $201,000. Finally, ACG Wealth purchased a new position in shares of Yum! Brands during the 3rd quarter worth approximately $202,000. Institutional investors own 71.08% of the company’s stock.
In other Yum! Brands news, CFO David W. Gibbs sold 6,369 shares of Yum! Brands stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $87.83, for a total value of $559,389.27. Following the completion of the sale, the chief financial officer now directly owns 47,701 shares of the company’s stock, valued at approximately $4,189,578.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 6,366 shares of Yum! Brands stock in a transaction that occurred on Monday, October 15th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 20,075 shares of company stock valued at $1,779,370 over the last ninety days. 0.63% of the stock is owned by corporate insiders.
A number of research analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Yum! Brands from $94.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Stifel Nicolaus cut shares of Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research note on Tuesday, October 23rd. Gordon Haskett assumed coverage on shares of Yum! Brands in a research note on Thursday, October 18th. They set a “hold” rating and a $90.00 price objective for the company. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, BTIG Research raised their price objective on shares of Yum! Brands from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Yum! Brands has a consensus rating of “Hold” and an average target price of $91.00.
YUM stock opened at $87.40 on Tuesday. The company has a market capitalization of $27.58 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 1.85 and a beta of 0.85. Yum! Brands, Inc. has a one year low of $75.88 and a one year high of $92.21.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. Yum! Brands’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. As a group, equities analysts anticipate that Yum! Brands, Inc. will post 3.68 earnings per share for the current fiscal year.
Yum! Brands announced that its Board of Directors has initiated a stock buyback plan on Friday, August 10th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the restaurant operator to purchase up to 7.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
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Yum! Brands Company 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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