180 Wealth Advisors LLC grew its stake in Yum! Brands, Inc. (NYSE:YUM) by 26.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,405 shares of the restaurant operator’s stock after acquiring an additional 931 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Yum! Brands were worth $504,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. 6 Meridian bought a new stake in shares of Yum! Brands in the 3rd quarter valued at about $530,000. CWM LLC increased its stake in shares of Yum! Brands by 36.8% in the 3rd quarter. CWM LLC now owns 134,569 shares of the restaurant operator’s stock valued at $15,264,000 after acquiring an additional 36,222 shares during the last quarter. Private Vista LLC increased its stake in shares of Yum! Brands by 80.9% in the 3rd quarter. Private Vista LLC now owns 4,830 shares of the restaurant operator’s stock valued at $547,000 after acquiring an additional 2,160 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Yum! Brands by 22.3% in the 3rd quarter. Moors & Cabot Inc. now owns 8,140 shares of the restaurant operator’s stock valued at $925,000 after acquiring an additional 1,485 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Yum! Brands by 142.2% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 78,700 shares of the restaurant operator’s stock valued at $8,927,000 after acquiring an additional 46,200 shares during the last quarter. 75.33% of the stock is owned by institutional investors.
In other Yum! Brands news, VP David Eric Russell sold 5,801 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $115.33, for a total transaction of $669,029.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Greg Creed sold 11,389 shares of the company’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 directly owns 25,004 shares of the company’s stock, valued at approximately $2,923,717.72. The disclosure for this sale can be found here. Insiders sold a total of 22,959 shares of company stock valued at $2,657,189 over the last quarter. 0.67% of the stock is owned by insiders.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data 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. 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 analyst estimates of $1.28 billion. During the same period in the previous year, the firm earned $0.82 EPS. Yum! Brands’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, research analysts anticipate that Yum! Brands, Inc. will post 3.87 EPS for the current fiscal year.
A number of analysts have recently commented on YUM shares. Citigroup set a $138.00 price target on Yum! Brands and gave the company a “hold” rating in a research note on Monday, August 12th. Evercore ISI reaffirmed a “buy” rating and issued a $130.00 price target on shares of Yum! Brands in a research note on Tuesday, August 13th. Edward Jones cut Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. Goldman Sachs Group started coverage on Yum! Brands in a research note on Monday, July 29th. They issued a “neutral” rating and a $115.00 price target for the company. Finally, Morgan Stanley upped their price target on Yum! Brands from $106.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $111.94.
Yum! Brands Company Profile
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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