British Airways Pensions Investment Management Ltd bought a new stake in Yum! Brands, Inc. (NYSE:YUM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 80,124 shares of the restaurant operator’s stock, valued at approximately $9,088,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Atwater Malick LLC acquired a new stake in shares of Yum! Brands in the 3rd quarter valued at approximately $26,000. Tradewinds Capital Management LLC acquired a new stake in shares of Yum! Brands in the 3rd quarter valued at approximately $30,000. Liberty Wealth Management LLC raised its position in shares of Yum! Brands by 302.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 290 shares during the period. Certified Advisory Corp acquired a new stake in shares of Yum! Brands in the 2nd quarter valued at approximately $44,000. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of Yum! Brands in the 2nd quarter valued at approximately $54,000. 75.59% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on the stock. Cfra downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their price target on shares of Yum! Brands to $112.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Goldman Sachs Group assumed coverage on shares of Yum! Brands in a research report on Monday, July 29th. They issued a “neutral” rating and a $115.00 price target on the stock. Citigroup set a $138.00 price target on shares of Yum! Brands and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, UBS Group dropped their target price on shares of Yum! Brands from $131.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $112.88.
In other news, General Counsel Scott Catlett sold 1,015 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $116.63, for a total transaction of $118,379.45. Following the completion of the transaction, the general counsel now directly owns 5,376 shares of the company’s stock, valued at approximately $627,002.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President David W. Gibbs sold 1,578 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $110.48, for a total transaction of $174,337.44. Following the transaction, the president now directly owns 42,928 shares of the company’s stock, valued at $4,742,685.44. The disclosure for this sale can be found here. Insiders have sold a total of 22,959 shares of company stock worth $2,657,189 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.
Shares of YUM stock opened at $100.09 on Thursday. The company has a market capitalization of $30.32 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.17 and a beta of 0.48. The company’s 50 day moving average price is $110.43 and its two-hundred day moving average price is $109.99. Yum! Brands, Inc. has a 52 week low of $86.10 and a 52 week high of $119.72.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.80 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.14). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. Yum! Brands had a negative return on equity of 11.69% and a net margin of 20.88%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. On average, sell-side analysts forecast that Yum! Brands, Inc. will post 3.73 earnings per share for the current year.
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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