Signaturefd LLC grew its holdings in Yum! Brands, Inc. (NYSE:YUM) by 18.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,172 shares of the restaurant operator’s stock after purchasing an additional 491 shares during the period. Signaturefd LLC’s holdings in Yum! Brands were worth $360,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atwater Malick LLC purchased a new stake in shares of Yum! Brands during the third quarter worth $26,000. Liberty Wealth Management LLC raised its holdings in shares of Yum! Brands by 302.1% during the second quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 290 shares in the last quarter. Certified Advisory Corp purchased a new stake in shares of Yum! Brands during the second quarter worth $44,000. TRUE Private Wealth Advisors purchased a new stake in shares of Yum! Brands during the second quarter worth $54,000. Finally, Bay Harbor Wealth Management LLC purchased a new stake in shares of Yum! Brands during the second quarter worth $58,000. Institutional investors own 75.32% of the company’s stock.
Several brokerages recently issued reports on YUM. MKM Partners began coverage on Yum! Brands in a report on Tuesday, August 13th. They set a “neutral” rating and a $125.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of Yum! Brands in a research report on Monday, July 29th. They set a “neutral” rating and a $115.00 target price on the stock. ValuEngine downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group assumed coverage on shares of Yum! Brands in a research report on Tuesday, June 25th. They set a “neutral” rating and a $106.00 target price on the stock. Finally, BTIG Research increased their target price on shares of Yum! Brands to $130.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $110.65.
Yum! Brands stock traded up $1.21 during mid-day trading on Friday, hitting $112.17. 776,316 shares of the company’s stock were exchanged, compared to its average volume of 1,587,124. The stock has a market cap of $33.87 billion, a P/E ratio of 35.38, a P/E/G ratio of 2.35 and a beta of 0.50. Yum! Brands, Inc. has a 1-year low of $84.53 and a 1-year high of $119.72. The stock has a 50 day moving average of $114.24 and a two-hundred day moving average of $109.43.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. Analysts expect 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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