Davis R M Inc. boosted its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 87.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,270 shares of the restaurant operator's stock after acquiring an additional 1,988 shares during the period. Davis R M Inc.'s holdings in Yum! Brands were worth $672,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Yum! Brands by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 7,604,632 shares of the restaurant operator's stock valued at $1,021,194,000 after acquiring an additional 163,462 shares in the last quarter. Northern Trust Corp grew its stake in Yum! Brands by 20.4% in the 4th quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock worth $475,714,000 after buying an additional 601,361 shares in the last quarter. FMR LLC grew its stake in Yum! Brands by 1.0% in the 4th quarter. FMR LLC now owns 2,521,583 shares of the restaurant operator's stock worth $338,296,000 after buying an additional 24,681 shares in the last quarter. Invesco Ltd. grew its stake in Yum! Brands by 12.0% in the 4th quarter. Invesco Ltd. now owns 2,284,171 shares of the restaurant operator's stock worth $306,444,000 after buying an additional 244,264 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its stake in Yum! Brands by 6.2% in the 4th quarter. Magellan Asset Management Ltd now owns 2,064,738 shares of the restaurant operator's stock worth $277,005,000 after buying an additional 120,434 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company's stock.
Yum! Brands Stock Down 1.9%
NYSE:YUM opened at $144.18 on Friday. The company has a fifty day moving average of $145.65 and a 200 day moving average of $146.12. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30. The firm has a market capitalization of $40.08 billion, a P/E ratio of 28.72, a P/E/G ratio of 2.14 and a beta of 0.74.
Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.01. Yum! Brands had a net margin of 18.42% and a negative return on equity of 20.80%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business posted $1.15 EPS. The firm's revenue was up 11.8% compared to the same quarter last year. As a group, analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.
Yum! Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were issued a $0.71 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 annualized dividend and a yield of 2.0%. Yum! Brands's dividend payout ratio is 56.57%.
Insider Buying and Selling at Yum! Brands
In other Yum! Brands news, CEO Scott Mezvinsky sold 272 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total value of $40,332.16. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $260,231.40. This represents a 13.42% decrease in their position. The sale 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 7,117 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the completion of the transaction, the chief executive officer owned 102,893 shares of the company's stock, valued at $15,084,113.80. This trade represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,720 shares of company stock valued at $2,150,965 over the last 90 days. Company insiders own 0.33% of the company's stock.
Analysts Set New Price Targets
YUM has been the subject of a number of research reports. Citigroup boosted their price target on shares of Yum! Brands from $148.00 to $151.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Barclays boosted their price target on shares of Yum! Brands from $163.00 to $167.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley boosted their price target on shares of Yum! Brands from $151.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Robert W. Baird cut their price target on shares of Yum! Brands from $176.00 to $174.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Finally, 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 note on Wednesday, June 4th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $159.86.
View Our Latest Research 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.
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