Bessemer Group Inc. trimmed its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 55.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,655 shares of the restaurant operator's stock after selling 33,848 shares during the period. Bessemer Group Inc.'s holdings in Yum! Brands were worth $4,353,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Yum! Brands by 2.2% in the 4th 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 position in shares of Yum! Brands by 20.4% in the 4th quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock valued at $475,714,000 after acquiring an additional 601,361 shares during the period. Norges Bank acquired a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $418,692,000. FMR LLC increased its stake in Yum! Brands by 1.0% during the 4th quarter. FMR LLC now owns 2,521,583 shares of the restaurant operator's stock worth $338,296,000 after purchasing an additional 24,681 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Yum! Brands by 12.0% during the 4th quarter. Invesco Ltd. now owns 2,284,171 shares of the restaurant operator's stock worth $306,444,000 after purchasing an additional 244,264 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Yum! Brands news, CEO Scott Mezvinsky sold 268 shares of Yum! Brands stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $145.97, for a total transaction of $39,119.96. Following the completion of the transaction, the chief executive officer now directly owns 1,755 shares of the company's stock, valued at $256,177.35. The trade was a 13.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David W. Gibbs sold 7,063 shares of Yum! Brands stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $145.57, for a total transaction of $1,028,160.91. Following the transaction, the chief executive officer now directly owns 157,893 shares of the company's stock, valued at approximately $22,984,484.01. This trade represents a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,470 shares of company stock valued at $1,821,172 over the last ninety days. 0.33% of the stock is currently owned by company insiders.
Yum! Brands Stock Up 1.0%
Shares of NYSE:YUM traded up $1.46 during midday trading on Friday, hitting $148.51. The stock had a trading volume of 3,074,963 shares, compared to its average volume of 2,019,252. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The business's 50-day simple moving average is $145.24 and its 200-day simple moving average is $143.56. The company has a market cap of $41.28 billion, a P/E ratio of 29.58, a PEG ratio of 2.21 and a beta of 0.74.
Yum! Brands (NYSE:YUM - Get Free Report) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.01. Yum! Brands had a net margin of 18.42% and a negative return on equity of 20.80%. The business had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.85 billion. During the same period last year, the business earned $1.15 earnings per share. The firm's revenue was up 11.8% on a year-over-year basis. As a group, equities analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.
Yum! Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 1.91%. Yum! Brands's dividend payout ratio (DPR) is 56.57%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Evercore ISI increased their target price on Yum! Brands from $160.00 to $170.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. The Goldman Sachs Group raised Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 target price for the company in a research note on Wednesday, June 4th. TD Securities reissued a "hold" rating and set a $158.00 target price on shares of Yum! Brands in a research note on Wednesday, April 30th. Morgan Stanley increased their target price on Yum! Brands from $147.00 to $151.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Finally, Redburn Atlantic raised Yum! Brands from a "neutral" rating to a "buy" rating and increased their target price for the stock from $145.00 to $177.00 in a research note on Tuesday, June 10th. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $157.86.
Check Out Our Latest Research Report on YUM
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.
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