4,475 Shares in Yum! Brands, Inc. (NYSE:YUM) Bought by Retirement Guys Formula LLC

Retirement Guys Formula LLC bought a new position in shares of Yum! Brands, Inc. (NYSE:YUM) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 4,475 shares of the restaurant operator’s stock, valued at approximately $620,000.

Several other large investors have also bought and sold shares of YUM. Quadrature Capital Ltd bought a new position in Yum! Brands during the 3rd quarter worth $1,211,000. Axxcess Wealth Management LLC raised its position in Yum! Brands by 14.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 2,948 shares of the restaurant operator’s stock worth $368,000 after purchasing an additional 375 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Yum! Brands by 318.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 204,952 shares of the restaurant operator’s stock worth $25,607,000 after acquiring an additional 156,000 shares in the last quarter. KPP Advisory Services LLC bought a new position in shares of Yum! Brands in the 3rd quarter worth about $267,000. Finally, Scotia Capital Inc. raised its position in shares of Yum! Brands by 3.6% in the 3rd quarter. Scotia Capital Inc. now owns 34,368 shares of the restaurant operator’s stock worth $4,294,000 after acquiring an additional 1,184 shares in the last quarter. 82.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on YUM. Barclays lifted their price objective on Yum! Brands from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. TD Cowen reissued a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a research report on Thursday, June 13th. Argus reissued a “hold” rating on shares of Yum! Brands in a research report on Wednesday, April 10th. Citigroup lowered their price objective on Yum! Brands from $166.00 to $162.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Yum! Brands from $132.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Yum! Brands has a consensus rating of “Hold” and a consensus price target of $144.33.

Insider Buying and Selling

In other Yum! Brands news, insider Scott Catlett sold 5,994 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $141.50, for a total transaction of $848,151.00. Following the sale, the insider now owns 34,889 shares of the company’s stock, valued at approximately $4,936,793.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Yum! Brands news, insider Scott Catlett sold 5,994 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $141.50, for a total transaction of $848,151.00. Following the sale, the insider now owns 34,889 shares of the company’s stock, valued at approximately $4,936,793.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 7,061 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $136.43, for a total transaction of $963,332.23. Following the sale, the chief executive officer now directly owns 165,630 shares in the company, valued at approximately $22,596,900.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,515 shares of company stock valued at $4,620,080. 0.31% of the stock is owned by company insiders.

Yum! Brands Price Performance

Shares of NYSE YUM traded down $0.45 during midday trading on Thursday, reaching $129.58. The company’s stock had a trading volume of 935,934 shares, compared to its average volume of 2,127,605. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20. The firm has a 50 day moving average price of $136.88 and a 200-day moving average price of $135.06. The stock has a market capitalization of $36.49 billion, a P/E ratio of 22.98, a PEG ratio of 2.10 and a beta of 1.07.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.06 EPS. On average, equities analysts predict that Yum! Brands, Inc. will post 5.64 EPS for the current year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 28th were issued a $0.67 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Yum! Brands declared that its board has authorized a stock repurchase program on Wednesday, May 15th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to buy up to 5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Yum! Brands Company 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.