Element Capital Management LLC Invests $2.71 Million in Yum! Brands, Inc. (NYSE:YUM)

Key Points

• Element Capital Management LLC has invested approximately $2.71 million in shares of Yum! Brands, acquiring 17,190 shares of the restaurant operator's stock during the 1st quarter.
• Yum! Brands reported earnings per share of $1.44 for the last quarter, slightly below expectations, with a revenue of $1.93 billion, marking a 9.6% increase compared to the previous year.
• The stock has a current market cap of $40.77 billion and analysts have a consensus rating of "Hold" with an average target price of $161.23.

Element Capital Management LLC bought a new position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,190 shares of the restaurant operator's stock, valued at approximately $2,705,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Yum! Brands by 8.0% during the 4th quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator's stock worth $1,055,000 after acquiring an additional 583 shares during the period. Rockefeller Capital Management L.P. increased its stake in Yum! Brands by 9.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 23,661 shares of the restaurant operator's stock worth $3,176,000 after acquiring an additional 2,054 shares during the period. Mariner LLC increased its stake in Yum! Brands by 2.2% during the 4th quarter. Mariner LLC now owns 60,392 shares of the restaurant operator's stock worth $8,101,000 after acquiring an additional 1,316 shares during the period. CreativeOne Wealth LLC increased its stake in Yum! Brands by 3.7% during the 4th quarter. CreativeOne Wealth LLC now owns 9,101 shares of the restaurant operator's stock worth $1,221,000 after acquiring an additional 321 shares during the period. Finally, Jump Financial LLC increased its stake in shares of Yum! Brands by 68.5% in the 4th quarter. Jump Financial LLC now owns 5,508 shares of the restaurant operator's stock valued at $739,000 after purchasing an additional 2,239 shares during the last quarter. Institutional investors own 82.37% of the company's stock.

Yum! Brands Stock Performance

Yum! Brands stock opened at $146.90 on Friday. The stock has a market cap of $40.77 billion, a P/E ratio of 28.97, a PEG ratio of 2.26 and a beta of 0.73. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The firm's fifty day moving average price is $145.48 and its 200-day moving average price is $147.27.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%. The company's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. Sell-side analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Guggenheim reaffirmed a "buy" rating and set a $167.00 target price (up from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Redburn Atlantic raised Yum! Brands from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $145.00 to $177.00 in a report on Tuesday, June 10th. TD Cowen cut their target price on Yum! Brands from $158.00 to $156.00 and set a "hold" rating on the stock in a report on Tuesday, August 5th. Piper Sandler lifted their target price on Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group raised Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 target price on the stock in a report on Wednesday, June 4th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Yum! Brands presently has an average rating of "Hold" and a consensus price target of $161.23.

Insiders Place Their Bets

In other Yum! Brands news, CEO Scott Mezvinsky sold 272 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total transaction of $40,332.16. Following the completion of the sale, the chief executive officer directly owned 1,755 shares in the company, valued at $260,231.40. This represents a 13.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David W. Gibbs sold 7,117 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the sale, the chief executive officer owned 102,893 shares of the company's stock, valued at approximately $15,084,113.80. The trade was a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,920 shares of company stock worth $1,159,603. 0.33% of the stock is owned by insiders.

Yum! Brands Profile

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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