4,924 Shares in Yum! Brands, Inc. (NYSE:YUM) Purchased by Tabor Asset Management LP

Tabor Asset Management LP acquired a new stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,924 shares of the restaurant operator's stock, valued at approximately $775,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of YUM. Geode Capital Management LLC raised its holdings in shares of 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 during the period. Northern Trust Corp raised its stake in Yum! Brands by 20.4% during the 4th quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock valued at $475,714,000 after purchasing an additional 601,361 shares during the period. Norges Bank purchased a new stake in shares of Yum! Brands in the fourth quarter valued at $418,692,000. FMR LLC boosted its position in shares of Yum! Brands by 1.0% in the fourth 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 during the period. Finally, Invesco Ltd. grew its holdings in shares of Yum! Brands by 12.0% during the fourth quarter. Invesco Ltd. now owns 2,284,171 shares of the restaurant operator's stock valued at $306,444,000 after buying an additional 244,264 shares in the last quarter. Institutional investors own 82.37% of the company's stock.

Yum! Brands Trading Down 2.2%

Shares of NYSE:YUM traded down $3.28 during trading on Monday, hitting $145.68. 2,496,521 shares of the company were exchanged, compared to its average volume of 1,991,247. The stock has a market cap of $40.49 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.23 and a beta of 0.74. The firm has a fifty day moving average price of $145.80 and a two-hundred day moving average price of $145.22. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.01. The business had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.85 billion. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $1.15 EPS. As a group, research analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Tuesday, May 27th. Yum! Brands's payout ratio is 56.57%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. TD Securities reaffirmed a "hold" rating and issued a $158.00 price objective on shares of Yum! Brands in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised Yum! Brands from a "neutral" rating to an "overweight" rating and cut their price target for the company from $170.00 to $162.00 in a report on Wednesday, June 25th. Melius assumed coverage on Yum! Brands in a report on Monday, July 14th. They issued a "buy" rating and a $200.00 target price on the stock. Barclays raised their price target on Yum! Brands from $163.00 to $167.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Morgan Stanley increased their target price on Yum! Brands from $151.00 to $153.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $159.86.

Insider Buying and Selling

In other Yum! Brands news, CEO Scott Mezvinsky sold 272 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total value of $40,332.16. Following the transaction, the chief executive officer owned 1,755 shares of the company's stock, valued at approximately $260,231.40. The trade was a 13.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Gibbs sold 7,117 shares of Yum! Brands stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $146.60, for a total value of $1,043,352.20. Following the sale, the chief executive officer owned 102,893 shares in the company, valued at $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. Over the last ninety days, insiders have sold 14,720 shares of company stock worth $2,150,965. 0.33% of the stock is owned by company 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.