Yum! Brands, Inc. (NYSE:YUM) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC increased its stake in Yum! Brands, Inc. (NYSE:YUMFree Report) by 22.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,584 shares of the restaurant operator’s stock after purchasing an additional 1,732 shares during the quarter. HB Wealth Management LLC’s holdings in Yum! Brands were worth $1,252,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Yum! Brands by 0.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 22,079 shares of the restaurant operator’s stock worth $2,828,000 after purchasing an additional 77 shares during the period. Buckingham Strategic Wealth LLC lifted its holdings in Yum! Brands by 0.8% in the 2nd quarter. Buckingham Strategic Wealth LLC now owns 9,927 shares of the restaurant operator’s stock valued at $1,375,000 after acquiring an additional 78 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in Yum! Brands by 3.5% in the 1st quarter. Belpointe Asset Management LLC now owns 2,607 shares of the restaurant operator’s stock valued at $344,000 after acquiring an additional 88 shares during the last quarter. Cozad Asset Management Inc. lifted its holdings in Yum! Brands by 3.8% in the 3rd quarter. Cozad Asset Management Inc. now owns 2,439 shares of the restaurant operator’s stock valued at $305,000 after acquiring an additional 90 shares during the last quarter. Finally, Horrell Capital Management Inc. lifted its holdings in Yum! Brands by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 29,974 shares of the restaurant operator’s stock valued at $3,916,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

YUM has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price target on shares of Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, February 9th. JPMorgan Chase & Co. upped their price target on shares of Yum! Brands from $133.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Barclays reduced their price objective on shares of Yum! Brands from $146.00 to $144.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. TD Cowen upped their price objective on shares of Yum! Brands from $144.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, Wells Fargo & Company lowered shares of Yum! Brands from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $150.00 to $135.00 in a research note on Thursday, January 11th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $145.00.

Check Out Our Latest Analysis on YUM

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 3,756 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $129.21, for a total transaction of $485,312.76. Following the completion of the sale, the chief executive officer now owns 57,325 shares of the company’s stock, valued at $7,406,963.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David W. Gibbs sold 7,067 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $136.34, for a total value of $963,514.78. Following the completion of the sale, the chief executive officer now directly owns 175,377 shares of the company’s stock, valued at $23,910,900.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 3,756 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $129.21, for a total value of $485,312.76. Following the completion of the sale, the chief executive officer now directly owns 57,325 shares of the company’s stock, valued at $7,406,963.25. The disclosure for this sale can be found here. Insiders sold 20,742 shares of company stock valued at $2,734,628 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Yum! Brands Price Performance

Shares of YUM opened at $134.62 on Tuesday. The company has a market capitalization of $37.87 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 2.15 and a beta of 1.10. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.24. The business’s 50-day moving average is $134.09 and its 200-day moving average is $128.63.

Yum! Brands (NYSE:YUMGet Free Report) last issued its earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.13). Yum! Brands had a net margin of 22.57% and a negative return on equity of 17.76%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the company earned $1.31 EPS. Yum! Brands’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts expect that Yum! Brands, Inc. will post 5.72 earnings per share for the current fiscal year.

Yum! Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.68 dividend on an annualized basis and a yield of 1.99%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.61. Yum! Brands’s dividend payout ratio is currently 47.94%.

About Yum! Brands

(Free Report)

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.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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