Royal Fund Management LLC purchased a new position in Yum! Brands, Inc. (NYSE:YUM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,529 shares of the restaurant operator’s stock, valued at approximately $104,000.
Other large investors also recently bought and sold shares of the company. Capital International Investors raised its holdings in shares of Yum! Brands by 28.4% in the 4th quarter. Capital International Investors now owns 2,101,861 shares of the restaurant operator’s stock worth $211,720,000 after purchasing an additional 465,201 shares during the period. Pearl River Capital LLC bought a new stake in Yum! Brands during the 4th quarter valued at $397,000. Arrow Financial Corp raised its holdings in Yum! Brands by 29.1% during the 4th quarter. Arrow Financial Corp now owns 4,675 shares of the restaurant operator’s stock valued at $471,000 after acquiring an additional 1,055 shares during the period. Bank of Stockton raised its holdings in Yum! Brands by 3.0% during the 4th quarter. Bank of Stockton now owns 8,491 shares of the restaurant operator’s stock valued at $855,000 after acquiring an additional 251 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Yum! Brands by 7.6% during the 1st quarter. State of Alaska Department of Revenue now owns 115,999 shares of the restaurant operator’s stock valued at $7,948,000 after acquiring an additional 8,156 shares during the period. 74.59% of the stock is currently owned by institutional investors.
Shares of NYSE:YUM opened at $87.25 on Friday. Yum! Brands, Inc. has a 52-week low of $54.95 and a 52-week high of $119.72. The firm has a fifty day moving average of $81.45 and a 200 day moving average of $92.50. The firm has a market capitalization of $26.49 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.55 and a beta of 0.95.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Yum! Brands had a negative return on equity of 12.97% and a net margin of 19.89%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. Equities analysts predict that Yum! Brands, Inc. will post 2.8 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.88 annualized dividend and a yield of 2.15%. Yum! Brands’s dividend payout ratio (DPR) is presently 52.96%.
YUM has been the topic of a number of analyst reports. Evercore ISI reissued a “buy” rating and set a $121.00 target price on shares of Yum! Brands in a report on Sunday, February 9th. CSFB boosted their target price on shares of Yum! Brands from $79.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Oppenheimer lowered their target price on shares of Yum! Brands from $116.00 to $93.00 in a report on Thursday, March 26th. Credit Suisse Group boosted their target price on shares of Yum! Brands from $79.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Robert W. Baird restated a “buy” rating and set a $120.00 price target on shares of Yum! Brands in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.52.
In other Yum! Brands news, CEO David W. Gibbs sold 4,737 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $65.00, for a total value of $307,905.00. Following the completion of the sale, the chief executive officer now directly owns 80,335 shares of the company’s stock, valued at $5,221,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Lowings sold 4,260 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $83.91, for a total transaction of $357,456.60. Following the completion of the sale, the chief executive officer now directly owns 52,514 shares of the company’s stock, valued at $4,406,449.74. The disclosure for this sale can be found here. Insiders sold 14,421 shares of company stock valued at $1,123,093 over the last quarter. 0.72% of the stock is owned by company insiders.
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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