TRUE Private Wealth Advisors acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 493 shares of the restaurant operator’s stock, valued at approximately $54,000.
Several other hedge funds have also made changes to their positions in YUM. Howe & Rusling Inc. acquired a new position in shares of Yum! Brands in the first quarter valued at approximately $25,000. Liberty Wealth Management LLC grew its holdings in shares of Yum! Brands by 302.1% in the second quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 290 shares in the last quarter. Motco grew its holdings in shares of Yum! Brands by 74.6% in the first quarter. Motco now owns 468 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 200 shares in the last quarter. Advisory Alpha LLC acquired a new position in shares of Yum! Brands in the first quarter valued at approximately $50,000. Finally, Bremer Bank National Association acquired a new position in shares of Yum! Brands in the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 74.97% of the company’s stock.
A number of brokerages recently issued reports on YUM. Stifel Nicolaus lifted their price target on shares of Yum! Brands from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $112.00 price target on shares of Yum! Brands in a research note on Monday, April 29th. Zacks Investment Research downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. BMO Capital Markets lifted their price target on shares of Yum! Brands to $112.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. They noted that the move was a valuation call. Finally, Longbow Research downgraded shares of Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 price target for the company. in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $110.65.
Yum! Brands stock traded down $0.36 during trading on Friday, reaching $115.62. The stock had a trading volume of 1,355,500 shares, compared to its average volume of 1,525,573. Yum! Brands, Inc. has a 52-week low of $83.39 and a 52-week high of $119.72. The business has a 50 day moving average price of $113.39 and a 200 day moving average price of $103.93. The stock has a market cap of $35.16 billion, a PE ratio of 36.22, a P/E/G ratio of 2.44 and a beta of 0.53.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 3.87 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 19th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.45%. Yum! Brands’s dividend payout ratio is presently 53.00%.
In other news, CFO David W. Gibbs sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $109.93, for a total transaction of $172,809.96. Following the completion of the sale, the chief financial officer now owns 43,516 shares in the company, valued at approximately $4,783,713.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Scott Catlett sold 1,015 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $116.63, for a total transaction of $118,379.45. Following the sale, the general counsel now owns 5,376 shares of the company’s stock, valued at approximately $627,002.88. The disclosure for this sale can be found here. Insiders have sold a total of 56,755 shares of company stock valued at $6,072,849 in the last 90 days. Insiders own 0.67% of the company’s stock.
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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