Beaumont Financial Partners LLC decreased its holdings in Yum! Brands, Inc. (NYSE:YUM) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,244 shares of the restaurant operator’s stock after selling 91 shares during the quarter. Beaumont Financial Partners LLC’s holdings in Yum! Brands were worth $243,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of YUM. Vectors Research Management LLC acquired a new position in Yum! Brands during the 4th quarter valued at about $26,000. Reby Advisors LLC acquired a new position in shares of Yum! Brands during the fourth quarter valued at approximately $26,000. Perennial Advisors LLC bought a new stake in Yum! Brands during the fourth quarter worth approximately $28,000. GPS Wealth Strategies Group LLC acquired a new stake in Yum! Brands in the first quarter worth approximately $28,000. Finally, Ellevest Inc. boosted its stake in Yum! Brands by 175.8% during the 4th quarter. Ellevest Inc. now owns 273 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 174 shares in the last quarter. 75.22% of the stock is currently owned by institutional investors.
YUM has been the subject of several research analyst reports. Credit Suisse Group upped their price objective on Yum! Brands from $108.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, May 5th. The Goldman Sachs Group began coverage on shares of Yum! Brands in a research report on Tuesday, January 19th. They set a “sell” rating and a $103.00 price objective for the company. Oppenheimer boosted their target price on shares of Yum! Brands from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, May 5th. Argus upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Tuesday, April 20th. Finally, BMO Capital Markets upped their price target on Yum! Brands from $105.00 to $120.00 in a report on Thursday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $116.94.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, April 27th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.20. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. Yum! Brands’s quarterly revenue was up 17.7% on a year-over-year basis. On average, equities analysts expect that Yum! Brands, Inc. will post 3.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 11th. Stockholders of record on Friday, May 28th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, May 27th. Yum! Brands’s dividend payout ratio (DPR) is 56.34%.
Yum! Brands declared that its board has approved a share repurchase program on Monday, May 10th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to buy up to 5.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other Yum! Brands news, CEO David W. Gibbs sold 1,282 shares of the business’s stock in a transaction dated Monday, March 29th. The stock was sold at an average price of $108.00, for a total value of $138,456.00. Following the transaction, the chief executive officer now owns 22,256 shares in the company, valued at $2,403,648. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 1,362 shares of the company’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $118.47, for a total value of $161,356.14. Following the completion of the transaction, the chief executive officer now directly owns 22,256 shares in the company, valued at $2,636,668.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,117 shares of company stock valued at $5,801,286. 0.72% of the stock is currently owned by corporate insiders.
Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Pizza Hut Division, the Taco Bell Division, and the Habit Burger Grill Division. The company 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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