Glenview Trust Co acquired a new position in Yum! Brands, Inc. (NYSE:YUM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,861 shares of the restaurant operator's stock, valued at approximately $2,695,000.
Other institutional investors also recently bought and sold shares of the company. North Star Asset Management Inc. bought a new stake in shares of Yum! Brands during the second quarter valued at approximately $1,247,000. Empowered Funds LLC bought a new stake in shares of Yum! Brands in the 2nd quarter worth $8,351,000. United Capital Financial Advisors LLC purchased a new stake in shares of Yum! Brands during the 2nd quarter valued at about $1,992,000. Caitlin John LLC bought a new stake in Yum! Brands in the 2nd quarter worth approximately $47,000. Finally, Equitable Holdings Inc. bought a new position in Yum! Brands in the second quarter valued at about $557,000. 82.37% of the stock is owned by institutional investors.
Yum! Brands Trading Up 2.2%
Shares of NYSE:YUM opened at $154.08 on Friday. Yum! Brands, Inc. has a 12-month low of $137.33 and a 12-month high of $170.14. The company has a market capitalization of $42.05 billion, a PE ratio of 19.38, a PEG ratio of 2.45 and a beta of 0.55. The business has a 50 day moving average of $153.48 and a two-hundred day moving average of $155.81.
Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.04. Yum! Brands had a net margin of 25.42% and a negative return on equity of 24.57%. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts predict that Yum! Brands, Inc. will post 6.42 earnings per share for the current fiscal year.
Yum! Brands Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 9th. Yum! Brands's dividend payout ratio (DPR) is 37.74%.
Yum! Brands declared that its Board of Directors has initiated a share repurchase program on Tuesday, June 16th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the restaurant operator to repurchase up to 9.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.
Analyst Ratings Changes
Several equities research analysts have recently commented on YUM shares. TD Cowen restated a "buy" rating and issued a $180.00 price objective on shares of Yum! Brands in a research note on Tuesday, June 16th. Morgan Stanley upgraded Yum! Brands from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $180.00 to $185.00 in a research report on Wednesday, June 3rd. Zacks Research downgraded Yum! Brands from a "hold" rating to a "strong sell" rating in a research report on Monday, August 24th. Citigroup boosted their price objective on Yum! Brands from $175.00 to $178.00 and gave the company a "neutral" rating in a report on Sunday, July 12th. Finally, Weiss Ratings downgraded Yum! Brands from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $174.65.
Get Our Latest Analysis on Yum! Brands
Insider Buying and Selling at Yum! Brands
In other news, COO Tracy L. Skeans sold 3,494 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $158.00, for a total value of $552,052.00. Following the completion of the transaction, the chief operating officer owned 3 shares of the company's stock, valued at approximately $474. This trade represents a 99.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Mezvinsky sold 268 shares of Yum! Brands stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $153.15, for a total value of $41,044.20. Following the completion of the transaction, the chief executive officer owned 483 shares of the company's stock, valued at $73,971.45. The trade was a 35.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 19,043 shares of company stock valued at $2,978,180. Corporate insiders own 0.14% of the company's stock.
Yum! Brands Company Profile
(
Free Report)
Yum! Brands, Inc NYSE: YUM is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company's principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.
The company's operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.
Featured Stories
Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Yum! Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Yum! Brands wasn't on the list.
While Yum! Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
