Nicholas Hoffman & Company LLC. raised its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 50.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,555 shares of the restaurant operator’s stock after purchasing an additional 1,189 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Yum! Brands were worth $244,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Firestone Capital Management purchased a new stake in Yum! Brands during the fourth quarter valued at about $101,000. Braun Bostich & Associates Inc. purchased a new position in shares of Yum! Brands in the fourth quarter worth about $25,000. Atlas Private Wealth Management purchased a new position in shares of Yum! Brands in the fourth quarter worth about $30,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Yum! Brands in the fourth quarter worth about $30,000. Finally, Savior LLC purchased a new position in shares of Yum! Brands in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 74.59% of the company’s stock.
Yum! Brands stock traded down $0.76 during trading hours on Friday, hitting $87.25. 2,240,159 shares of the stock traded hands, compared to its average volume of 2,307,283. The firm’s 50-day moving average price is $81.45 and its two-hundred day moving average price is $92.50. The company has a market cap of $26.49 billion, a PE ratio of 26.12, a PEG ratio of 2.55 and a beta of 0.95. Yum! Brands, Inc. has a one year low of $54.95 and a one year high of $119.72.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Yum! Brands had a net margin of 19.89% and a negative return on equity of 12.97%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities research analysts predict that Yum! Brands, Inc. will post 2.8 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a $0.47 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.15%. Yum! Brands’s dividend payout ratio is currently 52.96%.
In other news, CEO Anthony Lowings sold 4,260 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $83.91, for a total value of $357,456.60. Following the sale, the chief executive officer now directly owns 52,514 shares of the company’s stock, valued at approximately $4,406,449.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 5,424 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $84.39, for a total value of $457,731.36. Following the completion of the sale, the chief executive officer now directly owns 80,335 shares in the company, valued at $6,779,470.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,421 shares of company stock worth $1,123,093. Insiders own 0.72% of the company’s stock.
Several research firms have recently commented on YUM. Deutsche Bank reiterated a “hold” rating and issued a $80.00 price objective (up previously from $79.00) on shares of Yum! Brands in a report on Monday, May 4th. Oppenheimer decreased their price objective on Yum! Brands from $116.00 to $93.00 in a report on Thursday, March 26th. JPMorgan Chase & Co. decreased their price objective on Yum! Brands from $106.00 to $66.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Morgan Stanley lifted their price objective on Yum! Brands from $80.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Wolfe Research assumed coverage on Yum! Brands in a research note on Friday, April 17th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $99.52.
Yum! Brands Company 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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