Jones Financial Companies Lllp Has $113,000 Stake in Yum! Brands, Inc. (NYSE:YUM)

Jones Financial Companies Lllp boosted its holdings in Yum! Brands, Inc. (NYSE:YUMFree Report) by 168.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 867 shares of the restaurant operator’s stock after buying an additional 544 shares during the period. Jones Financial Companies Lllp’s holdings in Yum! Brands were worth $113,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Yum! Brands in the 4th quarter worth $331,831,000. Deutsche Bank AG grew its position in shares of Yum! Brands by 121.8% during the 3rd quarter. Deutsche Bank AG now owns 1,819,809 shares of the restaurant operator’s stock worth $227,367,000 after buying an additional 999,443 shares during the period. TD Asset Management Inc increased its stake in shares of Yum! Brands by 55.8% in the 4th quarter. TD Asset Management Inc now owns 1,592,259 shares of the restaurant operator’s stock valued at $208,045,000 after acquiring an additional 570,263 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Yum! Brands by 129.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 769,543 shares of the restaurant operator’s stock valued at $96,147,000 after acquiring an additional 434,284 shares during the period. Finally, Sustainable Growth Advisers LP boosted its stake in Yum! Brands by 3.8% during the 3rd quarter. Sustainable Growth Advisers LP now owns 5,766,650 shares of the restaurant operator’s stock worth $720,485,000 after acquiring an additional 210,238 shares during the last quarter. 82.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on YUM. Royal Bank of Canada cut their target price on shares of Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, February 9th. Guggenheim lifted their target price on Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Barclays increased their price target on Yum! Brands from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. TD Cowen reiterated a “buy” rating and set a $156.00 price objective on shares of Yum! Brands in a report on Tuesday, May 28th. Finally, BMO Capital Markets increased their target price on Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.80.

Check Out Our Latest Stock Analysis on YUM

Insider Activity

In other news, CEO David W. Gibbs sold 7,078 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the sale, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at approximately $23,817,351.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Scott Catlett sold 5,994 shares of Yum! Brands stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $141.50, for a total transaction of $848,151.00. Following the completion of the transaction, the insider now directly owns 34,889 shares in the company, valued at approximately $4,936,793.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 7,078 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the sale, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The disclosure for this sale can be found here. Insiders sold a total of 33,521 shares of company stock valued at $4,620,263 in the last quarter. Company insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

Shares of NYSE YUM opened at $140.54 on Thursday. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.20. The stock has a market capitalization of $39.58 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.29 and a beta of 1.08. The business has a 50-day moving average of $138.29 and a 200-day moving average of $134.00.

Yum! Brands (NYSE:YUMGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.05). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $1.06 EPS. On average, sell-side analysts expect that Yum! Brands, Inc. will post 5.64 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, May 24th. Yum! Brands’s dividend payout ratio is currently 47.52%.

Yum! Brands declared that its board has approved a stock buyback plan on Wednesday, May 15th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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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