E. Ohman J or Asset Management AB Purchases New Shares in Yum! Brands, Inc. (NYSE:YUM)

E. Ohman J or Asset Management AB acquired a new position in shares of Yum! Brands, Inc. (NYSE:YUM) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,957 shares of the restaurant operator’s stock, valued at approximately $2,039,000.

Other large investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Yum! Brands in the 4th quarter valued at about $25,000. WealthTrak Capital Management LLC acquired a new stake in shares of Yum! Brands during the 4th quarter worth about $25,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Yum! Brands in the fourth quarter worth approximately $33,000. Itau Unibanco Holding S.A. boosted its position in shares of Yum! Brands by 436.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock worth $37,000 after acquiring an additional 227 shares during the last quarter. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Yum! Brands in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 5,139 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $146.70, for a total transaction of $753,891.30. Following the completion of the sale, the chief executive officer now owns 157,893 shares of the company’s stock, valued at $23,162,903.10. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Mezvinsky sold 268 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $145.97, for a total value of $39,119.96. Following the sale, the chief executive officer now directly owns 1,755 shares of the company’s stock, valued at $256,177.35. The trade was a 13.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,763 shares of company stock valued at $2,637,564. 0.33% of the stock is owned by corporate insiders.

Yum! Brands Trading Up 1.4%

NYSE YUM opened at $144.92 on Friday. The company has a market cap of $40.28 billion, a PE ratio of 27.76, a PEG ratio of 2.31 and a beta of 0.74. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The stock’s 50-day moving average price is $146.31 and its two-hundred day moving average price is $143.02.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, beating the consensus estimate of $1.29 by $0.01. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Yum! Brands had a negative return on equity of 20.33% and a net margin of 19.68%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 EPS. Research analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were paid a $0.71 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 annualized dividend and a dividend yield of 1.96%. Yum! Brands’s payout ratio is 56.57%.

Wall Street Analyst Weigh In

Several research analysts recently commented on YUM shares. JPMorgan Chase & Co. raised their price target on shares of Yum! Brands from $160.00 to $170.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Oppenheimer reissued an “outperform” rating and set a $185.00 price target on shares of Yum! Brands in a research report on Monday, April 28th. The Goldman Sachs Group raised shares of Yum! Brands from a “neutral” rating to a “buy” rating and set a $167.00 price target for the company in a research report on Wednesday. TD Securities reaffirmed a “hold” rating and issued a $158.00 price objective on shares of Yum! Brands in a report on Wednesday, April 30th. Finally, Barclays lifted their price objective on shares of Yum! Brands from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.30.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.