Handelsbanken Fonder AB raised its stake in shares of Yum! Brands, Inc. (NYSE:YUM – Get Rating) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,514 shares of the restaurant operator’s stock after purchasing an additional 2,157 shares during the period. Handelsbanken Fonder AB’s holdings in Yum! Brands were worth $6,541,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of YUM. Vigilant Capital Management LLC bought a new position in shares of Yum! Brands in the 2nd quarter worth about $25,000. Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Yum! Brands in the 2nd quarter worth about $30,000. Sugarloaf Wealth Management LLC raised its position in shares of Yum! Brands by 396.6% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 288 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 230 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Yum! Brands by 668.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 292 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. Finally, CVA Family Office LLC raised its position in shares of Yum! Brands by 55.4% in the 2nd quarter. CVA Family Office LLC now owns 435 shares of the restaurant operator’s stock worth $49,000 after acquiring an additional 155 shares in the last quarter. 77.54% of the stock is owned by institutional investors.
Yum! Brands Stock Performance
YUM stock opened at $130.29 on Monday. The company has a market capitalization of $36.70 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99. Yum! Brands, Inc. has a 52-week low of $103.96 and a 52-week high of $137.12. The business has a 50-day simple moving average of $126.47 and a two-hundred day simple moving average of $118.80.
Yum! Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Friday, November 25th were paid a $0.57 dividend. The ex-dividend date was Wednesday, November 23rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.75%. Yum! Brands’s payout ratio is presently 52.05%.
Yum! Brands announced that its board has approved a share repurchase program on Monday, September 12th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to buy up to 6.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
Wall Street Analyst Weigh In
YUM has been the subject of several research analyst reports. Cowen lifted their price objective on Yum! Brands from $130.00 to $155.00 in a research report on Monday, December 5th. Robert W. Baird boosted their target price on Yum! Brands from $146.00 to $155.00 in a research report on Wednesday, December 14th. Guggenheim boosted their target price on Yum! Brands to $145.00 in a research report on Monday, December 12th. Morgan Stanley decreased their target price on Yum! Brands from $142.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 11th. Finally, Cowen boosted their target price on Yum! Brands from $130.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, December 5th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.60.
Insider Transactions at Yum! Brands
In other news, CEO David W. Gibbs sold 4,259 shares of the business’s stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $128.52, for a total value of $547,366.68. Following the transaction, the chief executive officer now owns 31,715 shares in the company, valued at approximately $4,076,011.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.37% of the company’s stock.
About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company 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.
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