OmniStar Financial Group Inc. cut its holdings in Yum! Brands, Inc. (NYSE:YUM) by 42.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,034 shares of the restaurant operator’s stock after selling 4,415 shares during the period. OmniStar Financial Group Inc.’s holdings in Yum! Brands were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of YUM. Liberty Wealth Management LLC increased its position in Yum! Brands by 302.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 290 shares in the last quarter. Certified Advisory Corp bought a new stake in Yum! Brands in the 2nd quarter valued at about $44,000. Advisory Alpha LLC bought a new stake in Yum! Brands in the 1st quarter valued at about $50,000. TRUE Private Wealth Advisors bought a new stake in Yum! Brands in the 2nd quarter valued at about $54,000. Finally, Bay Harbor Wealth Management LLC bought a new stake in Yum! Brands in the 2nd quarter valued at about $58,000. 75.26% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Greg Creed sold 11,389 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $116.93, for a total value of $1,331,715.77. Following the transaction, the chief executive officer now owns 25,004 shares in the company, valued at approximately $2,923,717.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President David W. Gibbs sold 1,578 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $110.48, for a total value of $174,337.44. Following the completion of the transaction, the president now owns 42,928 shares in the company, valued at approximately $4,742,685.44. The disclosure for this sale can be found here. Insiders sold a total of 22,953 shares of company stock worth $2,653,229 in the last 90 days. Company insiders own 0.67% of the company’s stock.
YUM stock traded up $0.12 during mid-day trading on Friday, reaching $114.45. 1,760,478 shares of the company traded hands, compared to its average volume of 1,612,081. The stock has a market cap of $34.26 billion, a price-to-earnings ratio of 36.10, a P/E/G ratio of 2.37 and a beta of 0.50. Yum! Brands, Inc. has a fifty-two week low of $84.53 and a fifty-two week high of $119.72. The firm’s 50 day moving average price is $114.73 and its 200 day moving average price is $108.95.
Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts predict that Yum! Brands, Inc. will post 3.87 EPS for the current fiscal year.
About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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