Yum! Brands, Inc. (NYSE:YUM) Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 20.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,702 shares of the restaurant operator's stock after acquiring an additional 1,972 shares during the period. OMERS ADMINISTRATION Corp's holdings in Yum! Brands were worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. WealthTrak Capital Management LLC purchased a new position in Yum! Brands in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in Yum! Brands during the fourth quarter worth approximately $25,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Yum! Brands in the fourth quarter valued at about $33,000. Itau Unibanco Holding S.A. raised its position in shares of Yum! Brands by 436.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock valued at $37,000 after buying an additional 227 shares during the period. Finally, Jackson Grant Investment Advisers Inc. raised its position 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 purchasing an additional 101 shares during the period. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Stock Down 1.6%

Shares of YUM stock traded down $2.38 during mid-day trading on Wednesday, hitting $146.65. 419,950 shares of the company's stock were exchanged, compared to its average volume of 2,242,196. The stock has a 50-day simple moving average of $149.57 and a two-hundred day simple moving average of $142.21. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The stock has a market cap of $40.76 billion, a price-to-earnings ratio of 28.06, a PEG 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 net margin of 19.68% and a negative return on equity of 20.33%. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.85 billion. During the same period in the previous year, the company earned $1.15 EPS. The business's quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share 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. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Tuesday, May 27th. Yum! Brands's dividend payout ratio is presently 56.57%.

Insider Activity

In related news, COO Tracy L. Skeans sold 8,638 shares of Yum! Brands stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $158.36, for a total value of $1,367,913.68. Following the completion of the sale, the chief operating officer now owns 2,970 shares in the company, valued at approximately $470,329.20. The trade was a 74.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Gibbs sold 7,063 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 157,893 shares of the company's stock, valued at $22,984,484.01. The trade was a 4.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,334 shares of company stock worth $9,734,737. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Evercore ISI increased their target price on shares of Yum! Brands from $160.00 to $170.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. TD Cowen reiterated a "hold" rating and set a $140.00 target price on shares of Yum! Brands in a research report on Thursday, February 6th. Sanford C. Bernstein cut shares of Yum! Brands from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $140.00 to $135.00 in a research note on Wednesday, January 22nd. Citigroup increased their price objective on Yum! Brands from $148.00 to $151.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Finally, Robert W. Baird lowered their target price on shares of Yum! Brands from $176.00 to $174.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Sixteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $156.70.

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.