Perigon Wealth Management LLC purchased a new stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,241 shares of the restaurant operator's stock, valued at approximately $1,477,000.
Other hedge funds have also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI purchased a new position in Yum! Brands during the second quarter valued at approximately $861,000. Trust Co. of Vermont bought a new position in shares of Yum! Brands in the 2nd quarter worth $199,000. Principle Wealth Partners LLC purchased a new stake in shares of Yum! Brands during the 2nd quarter worth $325,000. Requisite Capital Management LLC bought a new stake in Yum! Brands during the second quarter valued at about $249,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Yum! Brands in the second quarter valued at about $106,786,000. Hedge funds and other institutional investors own 82.37% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on YUM shares. UBS Group reiterated a "buy" rating on shares of Yum! Brands in a report on Thursday, June 18th. Weiss Ratings downgraded shares of Yum! Brands from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. BMO Capital Markets reiterated a "market perform" rating and set a $168.00 price objective on shares of Yum! Brands in a report on Monday, May 4th. Argus dropped their target price on Yum! Brands from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Morgan Stanley upgraded Yum! Brands from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $180.00 to $185.00 in a research note on Wednesday, June 3rd. Twelve investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Yum! Brands has a consensus rating of "Moderate Buy" and a consensus target price of $174.65.
Read Our Latest Analysis on YUM
Insider Activity at Yum! Brands
In other Yum! Brands news, CEO Scott Mezvinsky sold 277 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $160.42, for a total value of $44,436.34. Following the sale, the chief executive officer directly owned 483 shares of the company's stock, valued at approximately $77,482.86. This trade represents a 36.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sean Tresvant sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $154.68, for a total value of $464,040.00. Following the completion of the sale, the chief executive officer owned 3,140 shares of the company's stock, valued at $485,695.20. This trade represents a 48.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,549 shares of company stock valued at $2,890,168 in the last ninety days. 0.14% of the stock is currently owned by company insiders.
Yum! Brands Price Performance
YUM stock opened at $145.36 on Tuesday. The company has a market capitalization of $39.67 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.40 and a beta of 0.55. Yum! Brands, Inc. has a 12 month low of $137.33 and a 12 month high of $170.14. The firm's fifty day simple moving average is $153.71 and its 200-day simple moving average is $156.15.
Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $1.62 EPS for the quarter, beating the consensus estimate of $1.58 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. Yum! Brands had a net margin of 25.42% and a negative return on equity of 24.57%. The firm's revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.44 earnings per share. As a group, sell-side analysts forecast that Yum! Brands, Inc. will post 6.42 earnings per share for the current year.
Yum! Brands declared that its Board of Directors has authorized a share buyback plan on Tuesday, June 16th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 9.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.
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.
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