Texas Bank & Trust Co Buys New Holdings in Yum! Brands, Inc. (NYSE:YUM)

Texas Bank & Trust Co acquired a new stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,905 shares of the restaurant operator's stock, valued at approximately $256,000.

Other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank raised its stake in Yum! Brands by 2.6% in the fourth quarter. Toronto Dominion Bank now owns 130,808 shares of the restaurant operator's stock valued at $17,549,000 after purchasing an additional 3,362 shares in the last quarter. Scissortail Wealth Management LLC increased its holdings in Yum! Brands by 33,833.3% in the 4th quarter. Scissortail Wealth Management LLC now owns 2,036 shares of the restaurant operator's stock valued at $273,000 after buying an additional 2,030 shares during the period. Snowden Capital Advisors LLC increased its holdings in Yum! Brands by 4.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 37,775 shares of the restaurant operator's stock valued at $5,068,000 after buying an additional 1,507 shares during the period. Sherbrooke Park Advisers LLC raised its position in shares of Yum! Brands by 38.3% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 3,502 shares of the restaurant operator's stock valued at $470,000 after buying an additional 969 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Yum! Brands by 14.0% during the 4th quarter. Royal Bank of Canada now owns 680,937 shares of the restaurant operator's stock worth $91,354,000 after acquiring an additional 83,767 shares during the period. 82.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Yum! Brands from $130.00 to $148.00 and gave the company a "hold" rating in a research note on Friday, February 28th. Guggenheim raised their target price on Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Barclays boosted their price target on Yum! Brands from $163.00 to $167.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. TD Securities restated a "hold" rating and set a $158.00 price objective on shares of Yum! Brands in a research report on Wednesday, April 30th. Finally, TD Cowen reiterated a "hold" rating and issued a $140.00 target price on shares of Yum! Brands in a research report on Thursday, February 6th. Sixteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $156.70.

Yum! Brands Stock Down 0.6%

Shares of YUM stock traded down $0.88 during trading hours on Thursday, hitting $145.55. 1,926,731 shares of the company's stock traded hands, compared to its average volume of 2,005,482. The stock has a market cap of $40.46 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The stock's 50 day simple moving average is $149.40 and its 200 day simple moving average is $142.24. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.01. Yum! Brands had a negative return on equity of 20.33% and a net margin of 19.68%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company earned $1.15 EPS. Yum! Brands's revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities research analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 27th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, May 27th. Yum! Brands's dividend payout ratio is currently 56.57%.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,063 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $145.57, for a total value of $1,028,160.91. Following the transaction, the chief executive officer now owns 157,893 shares in the company, valued at $22,984,484.01. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Eric Russell sold 5,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $793,300.00. Following the sale, the vice president now directly owns 11,960 shares in the company, valued at $1,897,573.60. This trade represents a 29.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,334 shares of company stock valued at $9,734,737 over the last ninety days. 0.33% of the stock is owned by company insiders.

About Yum! Brands

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.