NorthCrest Asset Manangement LLC decreased its position in Yum! Brands, Inc. (NYSE:YUM – Free Report) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,256 shares of the restaurant operator’s stock after selling 116 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Yum! Brands were worth $15,823,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in YUM. Safe Harbor Fiduciary LLC bought a new stake in Yum! Brands in the 3rd quarter worth about $29,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 201 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 82 shares during the last quarter. Kimelman & Baird LLC bought a new stake in Yum! Brands during the second quarter worth $37,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Yum! Brands in the second quarter worth $39,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. TD Cowen reiterated a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Citigroup reissued a “neutral” rating and issued a $141.00 target price (down from $153.00) on shares of Yum! Brands in a research report on Friday. Finally, Loop Capital dropped their price target on Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Yum! Brands currently has an average rating of “Hold” and an average price target of $145.61.
Yum! Brands Price Performance
Yum! Brands stock traded down $2.68 during mid-day trading on Friday, reaching $125.06. 807,947 shares of the company traded hands, compared to its average volume of 1,792,161. Yum! Brands, Inc. has a 52-week low of $124.68 and a 52-week high of $143.20. The firm has a market capitalization of $34.90 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 2.37 and a beta of 1.11. The firm’s 50 day moving average price is $135.03 and its 200 day moving average price is $133.90.
Yum! Brands (NYSE:YUM – Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 earnings per share. On average, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.47 EPS for the current year.
Yum! Brands Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.67 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.14%. Yum! Brands’s dividend payout ratio is currently 50.09%.
Insider Activity
In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the sale, the chief executive officer now directly owns 152,634 shares in the company, valued at approximately $20,518,588.62. This trade represents a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 17,879 shares of company stock worth $2,424,167 over the last three months. 0.31% of the stock is currently owned by corporate insiders.
About Yum! Brands
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.
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