UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,045,475 shares of the restaurant operator's stock after buying an additional 258,369 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of Yum! Brands worth $274,421,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in YUM. Ritholtz Wealth Management grew its position in shares of Yum! Brands by 7.0% in the fourth quarter. Ritholtz Wealth Management now owns 2,236 shares of the restaurant operator's stock valued at $300,000 after purchasing an additional 146 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Yum! Brands by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 805 shares of the restaurant operator's stock valued at $108,000 after buying an additional 125 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in Yum! Brands during the 4th quarter valued at $407,000. Fort Washington Investment Advisors Inc. OH grew its holdings in Yum! Brands by 10.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 438,050 shares of the restaurant operator's stock valued at $58,769,000 after buying an additional 39,810 shares during the last quarter. Finally, Albion Financial Group UT increased its position in Yum! Brands by 24.7% during the fourth quarter. Albion Financial Group UT now owns 566 shares of the restaurant operator's stock worth $76,000 after buying an additional 112 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on YUM. Wells Fargo & Company upped their price objective on Yum! Brands from $145.00 to $160.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 5th. Piper Sandler upped their target price on shares of Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Citigroup lifted their price target on shares of Yum! Brands from $148.00 to $151.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. TD Securities reissued a "hold" rating and issued a $158.00 price objective on shares of Yum! Brands in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group raised their target price on shares of Yum! Brands from $140.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $156.70.
View Our Latest Stock Report on YUM
Insider Buying and Selling
In related news, VP David Eric Russell sold 5,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $793,300.00. Following the completion of the sale, the vice president now owns 11,960 shares of the company's stock, valued at $1,897,573.60. This represents a 29.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 30,604 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the sale, the chief executive officer now owns 160,296 shares in the company, valued at approximately $25,560,800.16. This trade represents a 16.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,334 shares of company stock worth $9,734,737 over the last ninety days. 0.33% of the stock is owned by insiders.
Yum! Brands Stock Performance
Shares of Yum! Brands stock opened at $146.35 on Thursday. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The firm's 50-day simple moving average is $149.40 and its 200-day simple moving average is $142.24. The firm has a market cap of $40.68 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77.
Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. Yum! Brands's revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.
Yum! Brands Dividend Announcement
The company 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 dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.94%. The ex-dividend date is Tuesday, May 27th. Yum! Brands's dividend payout ratio (DPR) is presently 56.57%.
About Yum! Brands
(
Free Report)
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.
See Also
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).
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