Tortoise Investment Management LLC reduced its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 20.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,050 shares of the restaurant operator’s stock after selling 278 shares during the quarter. Tortoise Investment Management LLC’s holdings in Yum! Brands were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Evoke Wealth LLC bought a new stake in Yum! Brands during the 3rd quarter valued at $25,000. Braun Bostich & Associates Inc. bought a new position in Yum! Brands in the 4th quarter worth $25,000. Tradewinds Capital Management LLC bought a new position in Yum! Brands in the 3rd quarter worth $30,000. Savior LLC bought a new position in Yum! Brands in the 4th quarter worth $34,000. Finally, OLD Second National Bank of Aurora raised its holdings in Yum! Brands by 40.0% in the 4th quarter. OLD Second National Bank of Aurora now owns 378 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 75.29% of the company’s stock.
Shares of Yum! Brands stock traded up $0.11 during trading on Friday, hitting $105.14. The company’s stock had a trading volume of 676,079 shares, compared to its average volume of 1,886,458. The company has a fifty day simple moving average of $103.54 and a two-hundred day simple moving average of $107.49. The company has a market capitalization of $31.49 billion, a PE ratio of 25.40, a P/E/G ratio of 2.14 and a beta of 0.44. Yum! Brands, Inc. has a 52 week low of $92.02 and a 52 week high of $119.72.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.13). The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. Yum! Brands had a negative return on equity of 13.90% and a net margin of 23.12%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 3.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 14th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.79%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, February 13th. Yum! Brands’s dividend payout ratio (DPR) is presently 47.32%.
Yum! Brands declared that its Board of Directors has initiated a stock buyback program on Thursday, November 21st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the restaurant operator to repurchase up to 6.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.
Several research analysts have commented on the stock. Cfra lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. UBS Group decreased their price objective on shares of Yum! Brands from $125.00 to $120.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Cowen lowered shares of Yum! Brands from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $117.00 to $109.00 in a report on Wednesday, January 8th. BMO Capital Markets restated an “average” rating and issued a $108.00 price objective on shares of Yum! Brands in a report on Friday, February 7th. Finally, Evercore ISI restated a “buy” rating and issued a $121.00 price objective on shares of Yum! Brands in a report on Sunday, February 9th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $111.42.
In related news, President David W. Gibbs sold 1,530 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $100.43, for a total value of $153,657.90. Following the completion of the transaction, the president now directly owns 43,266 shares in the company, valued at approximately $4,345,204.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Greg Creed sold 45,113 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $102.35, for a total transaction of $4,617,315.55. Following the completion of the transaction, the director now owns 194,619 shares of the company’s stock, valued at $19,919,254.65. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.
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.
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