Paragon Capital Management LLC trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 95.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,432 shares of the restaurant operator’s stock after selling 76,236 shares during the quarter. Paragon Capital Management LLC’s holdings in Yum! Brands were worth $343,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its stake in Yum! Brands by 2.4% during the 4th quarter. BlackRock Inc. now owns 21,595,217 shares of the restaurant operator’s stock valued at $1,985,033,000 after buying an additional 496,648 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Yum! Brands by 6,899.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock worth $64,000 after purchasing an additional 5,832,264 shares during the period. Bank of New York Mellon Corp raised its position in Yum! Brands by 5.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,459,185 shares of the restaurant operator’s stock worth $496,295,000 after purchasing an additional 264,177 shares during the period. Northern Trust Corp raised its position in Yum! Brands by 2.0% in the 4th quarter. Northern Trust Corp now owns 3,931,459 shares of the restaurant operator’s stock worth $361,380,000 after purchasing an additional 78,678 shares during the period. Finally, Geode Capital Management LLC raised its position in Yum! Brands by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock worth $356,348,000 after purchasing an additional 260,681 shares during the period. 74.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:YUM traded up $0.24 during trading on Monday, reaching $101.64. 1,233,986 shares of the company were exchanged, compared to its average volume of 1,804,375. The firm has a market cap of $31.02 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.08 and a beta of 0.55. Yum! Brands, Inc. has a 12-month low of $77.09 and a 12-month high of $102.16.
Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, February 7th. The restaurant operator reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.57). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. On average, sell-side analysts expect that Yum! Brands, Inc. will post 3.81 EPS for the current fiscal year.
In other news, CFO David W. Gibbs sold 1,531 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $99.54, for a total transaction of $152,395.74. Following the transaction, the chief financial officer now directly owns 41,345 shares in the company, valued at $4,115,481.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Anthony Lowings sold 2,889 shares of the stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $89.93, for a total transaction of $259,807.77. Following the transaction, the chief executive officer now owns 36,497 shares in the company, valued at $3,282,175.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,684 shares of company stock worth $10,065,092. Corporate insiders own 0.63% of the company’s stock.
YUM has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Monday, February 11th. BMO Capital Markets increased their price objective on shares of Yum! Brands to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 8th. Citigroup reduced their price objective on shares of Yum! Brands from $104.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, April 4th. Finally, Mizuho lowered shares of Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $95.21.
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About Yum! Brands
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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