Tredje AP fonden trimmed its position in Yum! Brands, Inc. (NYSE:YUM) by 50.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,536 shares of the restaurant operator’s stock after selling 18,955 shares during the quarter. Tredje AP fonden’s holdings in Yum! Brands were worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of YUM. Braun Bostich & Associates Inc. bought a new position in Yum! Brands during the fourth quarter worth $25,000. Ballast Advisors LLC bought a new stake in Yum! Brands during the first quarter valued at $26,000. Atlas Private Wealth Management acquired a new stake in shares of Yum! Brands during the fourth quarter worth $30,000. Total Clarity Wealth Management Inc. bought a new position in shares of Yum! Brands in the 4th quarter worth about $30,000. Finally, TRUE Private Wealth Advisors boosted its holdings in shares of Yum! Brands by 131.5% in the 1st quarter. TRUE Private Wealth Advisors now owns 493 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 280 shares during the period. 74.59% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO David W. Gibbs sold 4,737 shares of Yum! Brands stock in a transaction that occurred 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 transaction, the chief executive officer now owns 80,335 shares of the company’s stock, valued at approximately $5,221,775. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 transaction of $457,731.36. Following the completion of the sale, the chief executive officer now owns 80,335 shares in the company, valued at $6,779,470.65. The disclosure for this sale can be found here. Insiders have sold 14,421 shares of company stock valued at $1,123,093 in the last ninety days. Company insiders own 0.72% of the company’s stock.
A number of equities analysts have issued reports on the stock. Wolfe Research began coverage on shares of Yum! Brands in a report on Friday, April 17th. They issued a “market perform” rating on the stock. Evercore ISI reissued a “buy” rating and issued a $121.00 price target on shares of Yum! Brands in a report on Sunday, February 9th. Royal Bank of Canada restated a “hold” rating and set a $85.00 price objective on shares of Yum! Brands in a research note on Wednesday, April 1st. BMO Capital Markets raised their target price on Yum! Brands from $93.00 to $95.00 and gave the company a “market perform” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank reissued a “hold” rating and set a $80.00 price target (up previously from $79.00) on shares of Yum! Brands in a report on Monday, May 4th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the stock. Yum! Brands presently has a consensus rating of “Hold” and an average target price of $99.52.
Shares of Yum! Brands stock traded down $0.76 on Friday, hitting $87.25. The company had a trading volume of 2,240,159 shares, compared to its average volume of 2,307,283. Yum! Brands, Inc. has a 52 week low of $54.95 and a 52 week high of $119.72. 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. The business has a 50-day simple moving average of $81.45 and a 200-day simple moving average of $92.50.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts expect that Yum! Brands, Inc. will post 2.8 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $0.47 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.88 annualized dividend and a dividend yield of 2.15%. Yum! Brands’s dividend payout ratio (DPR) is 52.96%.
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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