Personal CFO Solutions LLC Takes Position in Yum! Brands, Inc. (NYSE:YUM)

Personal CFO Solutions LLC purchased a new stake in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,085 shares of the restaurant operator’s stock, valued at approximately $273,000.

A number of other large investors also recently modified their holdings of YUM. Norges Bank acquired a new position in shares of Yum! Brands during the fourth quarter valued at $331,831,000. Deutsche Bank AG increased its holdings in shares of Yum! Brands by 121.8% during the third quarter. Deutsche Bank AG now owns 1,819,809 shares of the restaurant operator’s stock valued at $227,367,000 after purchasing an additional 999,443 shares during the period. Capital World Investors increased its holdings in shares of Yum! Brands by 4.9% during the fourth quarter. Capital World Investors now owns 14,650,728 shares of the restaurant operator’s stock valued at $1,914,257,000 after purchasing an additional 678,659 shares during the period. Epoch Investment Partners Inc. increased its holdings in shares of Yum! Brands by 107.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,254,446 shares of the restaurant operator’s stock valued at $163,906,000 after purchasing an additional 649,922 shares during the period. Finally, TD Asset Management Inc increased its holdings in shares of Yum! Brands by 55.8% during the fourth quarter. TD Asset Management Inc now owns 1,592,259 shares of the restaurant operator’s stock valued at $208,045,000 after purchasing an additional 570,263 shares during the period. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Trading Down 1.5 %

Shares of NYSE YUM opened at $137.81 on Tuesday. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.20. The firm has a market capitalization of $38.81 billion, a PE ratio of 24.43, a PEG ratio of 2.26 and a beta of 1.08. The business has a 50-day moving average price of $138.31 and a two-hundred day moving average price of $134.27.

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

Yum! Brands declared that its Board of Directors has authorized a share 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, May 24th. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Insider Transactions at Yum! Brands

In other news, insider Scott Catlett sold 5,994 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 34,889 shares of the company’s stock, valued at approximately $4,936,793.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Scott Catlett sold 5,994 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 34,889 shares of the company’s stock, valued at approximately $4,936,793.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was 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 $23,817,351.36. The disclosure for this sale can be found here. Insiders sold 33,521 shares of company stock valued at $4,620,263 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

YUM has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Yum! Brands from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Barclays raised their target price on Yum! Brands from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. BMO Capital Markets raised their target price on Yum! Brands from $133.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. TD Cowen reaffirmed a “buy” rating and set a $156.00 target price on shares of Yum! Brands in a research note on Tuesday, May 28th. Finally, Argus reaffirmed a “hold” rating on shares of Yum! Brands in a research note on Wednesday, April 10th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $143.80.

View Our Latest Stock Report on Yum! Brands

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.

Further Reading

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

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