Parallel Advisors LLC grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 21.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,267 shares of the restaurant operator’s stock after buying an additional 583 shares during the quarter. Parallel Advisors LLC’s holdings in Yum! Brands were worth $371,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of YUM. Atwater Malick LLC purchased a new position in Yum! Brands in the 3rd quarter worth $26,000. Tradewinds Capital Management LLC purchased a new position in Yum! Brands in the 3rd quarter worth $30,000. Liberty Wealth Management LLC raised its position in Yum! Brands by 302.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 290 shares during the period. Certified Advisory Corp purchased a new position in Yum! Brands in the 2nd quarter worth $44,000. Finally, TRUE Private Wealth Advisors purchased a new position in Yum! Brands in the 2nd quarter worth $54,000. Hedge funds and other institutional investors own 75.59% of the company’s stock.
A number of equities analysts recently commented on YUM shares. UBS Group decreased their target price on shares of Yum! Brands from $131.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Evercore ISI reiterated a “buy” rating and issued a $130.00 target price on shares of Yum! Brands in a research report on Tuesday, August 13th. Citigroup set a $138.00 target price on shares of Yum! Brands and gave the stock a “hold” rating in a research report on Monday, August 12th. Tigress Financial reiterated a “buy” rating on shares of Yum! Brands in a research report on Friday, July 12th. Finally, BMO Capital Markets lifted their target price on shares of Yum! Brands to $112.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $112.88.
Yum! Brands stock traded down $0.76 during trading hours on Friday, reaching $98.90. The stock had a trading volume of 2,283,497 shares, compared to its average volume of 1,693,073. The stock has a market cap of $29.80 billion, a PE ratio of 31.20, a PEG ratio of 2.14 and a beta of 0.48. Yum! Brands, Inc. has a 52 week low of $86.10 and a 52 week high of $119.72. The company has a fifty day simple moving average of $109.84 and a 200-day simple moving average of $109.95.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.14). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. Yum! Brands had a negative return on equity of 11.69% and a net margin of 20.88%. Yum! Brands’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS. Research analysts predict that Yum! Brands, Inc. will post 3.73 EPS for the current year.
In other news, CEO Greg Creed sold 11,389 shares of Yum! Brands stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $116.93, for a total transaction of $1,331,715.77. Following the sale, the chief executive officer now owns 25,004 shares of the company’s stock, valued at approximately $2,923,717.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Scott Catlett sold 1,015 shares of Yum! Brands stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $116.63, for a total transaction of $118,379.45. Following the sale, the general counsel now directly owns 5,376 shares in the company, valued at approximately $627,002.88. 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 in the last ninety 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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