Private Advisor Group LLC lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,288 shares of the restaurant operator’s stock after buying an additional 959 shares during the quarter. Private Advisor Group LLC’s holdings in Yum! Brands were worth $1,763,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in YUM. Tarbox Family Office Inc. grew its position in Yum! Brands by 95.9% in the 2nd quarter. Tarbox Family Office Inc. now owns 290 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 142 shares during the period. Perennial Advisors LLC acquired a new stake in Yum! Brands in the 1st quarter valued at $25,000. Capital Advisory Group Advisory Services LLC acquired a new stake in Yum! Brands in the 1st quarter valued at $27,000. Keebeck Wealth Management LLC acquired a new stake in Yum! Brands in the 2nd quarter valued at $36,000. Finally, Hoover Financial Advisors Inc. acquired a new stake in Yum! Brands in the 2nd quarter valued at $38,000. 75.22% of the stock is owned by institutional investors.
Several equities analysts have weighed in on YUM shares. Stifel Nicolaus raised their price objective on Yum! Brands from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, September 8th. Deutsche Bank upgraded Yum! Brands from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $107.00 in a research note on Monday, August 3rd. Oppenheimer raised their price objective on Yum! Brands from $103.00 to $108.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. Zacks Investment Research upgraded Yum! Brands from a “sell” rating to a “hold” rating and set a $92.00 target price on the stock in a research note on Saturday, May 30th. Finally, Bank of America lifted their price objective on Yum! Brands from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $100.16.
In related news, insider Tracy L. Skeans sold 3,370 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $95.00, for a total value of $320,150.00. Following the completion of the sale, the insider now owns 13,186 shares in the company, valued at approximately $1,252,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Gibbs sold 2,339 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $92.85, for a total value of $217,176.15. Following the completion of the sale, the chief executive officer now owns 76,048 shares of the company’s stock, valued at approximately $7,061,056.80. The disclosure for this sale can be found here. Insiders sold a total of 12,055 shares of company stock valued at $1,128,305 in the last 90 days. 0.72% of the stock is currently owned by corporate insiders.
Shares of NYSE YUM opened at $93.52 on Wednesday. Yum! Brands, Inc. has a 12 month low of $54.95 and a 12 month high of $115.17. The firm has a market capitalization of $28.19 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 2.36 and a beta of 0.92. The business has a 50-day moving average of $93.89 and a 200-day moving average of $86.76.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.30. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Yum! Brands’s revenue was down 8.5% on a year-over-year basis. As a group, analysts anticipate that Yum! Brands, Inc. will post 3.17 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Wednesday, August 26th were given a $0.47 dividend. The ex-dividend date was Tuesday, August 25th. This represents a $1.88 dividend on an annualized basis and a yield of 2.01%. Yum! Brands’s payout ratio is 52.96%.
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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