MGO One Seven LLC grew its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 71.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,707 shares of the restaurant operator's stock after purchasing an additional 4,472 shares during the period. MGO One Seven LLC's holdings in Yum! Brands were worth $1,436,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in YUM. WealthTrak Capital Management LLC purchased a new stake in shares of Yum! Brands during the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in Yum! Brands in the fourth quarter valued at $25,000. Halbert Hargrove Global Advisors LLC purchased a new position in Yum! Brands in the fourth quarter valued at $33,000. Jackson Grant Investment Advisers Inc. increased its holdings in Yum! Brands by 52.1% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator's stock valued at $40,000 after buying an additional 101 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in Yum! Brands in the third quarter valued at $42,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CEO David W. Gibbs sold 5,139 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $146.70, for a total transaction of $753,891.30. Following the sale, the chief executive officer now directly owns 157,893 shares of the company's stock, valued at $23,162,903.10. This represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $793,300.00. Following the transaction, 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 sold 55,271 shares of company stock valued at $8,706,576 over the last quarter. Corporate insiders own 0.33% of the company's stock.
Yum! Brands Stock Performance
Shares of NYSE YUM traded down $2.18 during mid-day trading on Thursday, reaching $148.26. The company had a trading volume of 700,426 shares, compared to its average volume of 2,017,071. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The stock has a market capitalization of $41.29 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. The stock's 50 day moving average is $151.92 and its 200-day moving average is $140.78.
Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.01. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business 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, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.
Yum! Brands Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Yum! Brands's previous quarterly dividend of $0.67. Yum! Brands's dividend payout ratio is 54.41%.
Wall Street Analyst Weigh In
YUM has been the topic of several research reports. Barclays dropped their price objective on Yum! Brands from $165.00 to $163.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price objective on Yum! Brands from $138.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Sanford C. Bernstein lowered Yum! Brands from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $140.00 to $135.00 in a report on Wednesday, January 22nd. Citigroup upped their target price on Yum! Brands from $148.00 to $151.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Finally, TD Securities reissued a "hold" rating and issued a $158.00 target price on shares of Yum! Brands in a report on Wednesday. Seventeen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $154.95.
Check Out Our Latest Stock Analysis 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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