Fifth Third Bancorp trimmed its holdings in Yum! Brands, Inc. (NYSE:YUM) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 341,890 shares of the restaurant operator’s stock after selling 11,524 shares during the quarter. Fifth Third Bancorp owned 0.11% of Yum! Brands worth $31,081,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Asset Advisors Investment Management LLC purchased a new stake in Yum! Brands in the third quarter valued at $136,000. Willingdon Wealth Management boosted its holdings in Yum! Brands by 2,110.0% in the third quarter. Willingdon Wealth Management now owns 1,768 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 1,688 shares during the last quarter. Legacy Financial Advisors Inc. boosted its holdings in Yum! Brands by 54.3% in the third quarter. Legacy Financial Advisors Inc. now owns 2,057 shares of the restaurant operator’s stock valued at $187,000 after purchasing an additional 724 shares during the last quarter. Douglass Winthrop Advisors LLC purchased a new stake in Yum! Brands in the third quarter valued at $201,000. Finally, Cpwm LLC purchased a new stake in Yum! Brands in the third quarter valued at $202,000. 70.89% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on YUM shares. ValuEngine raised shares of Yum! Brands from a “hold” rating to a “buy” rating in a report on Friday, September 7th. UBS Group set a $99.00 target price on shares of Yum! Brands and gave the stock a “buy” rating in a research note on Monday, September 10th. KeyCorp started coverage on shares of Yum! Brands in a research note on Wednesday, October 3rd. They set a “sector weight” rating on the stock. BTIG Research increased their target price on shares of Yum! Brands from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Finally, Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Wednesday, October 17th. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Yum! Brands has a consensus rating of “Hold” and an average target price of $91.31.
In related news, CFO David W. Gibbs sold 6,369 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $87.83, for a total value of $559,389.27. Following the transaction, the chief financial officer now directly owns 47,701 shares of the company’s stock, valued at approximately $4,189,578.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David Eric Russell sold 7,340 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $90.00, for a total transaction of $660,600.00. Following the completion of the transaction, the vice president now directly owns 25,960 shares in the company, valued at $2,336,400. The disclosure for this sale can be found here. Insiders sold a total of 72,034 shares of company stock worth $6,468,508 over the last ninety days. 0.63% of the stock is currently owned by corporate insiders.
Shares of Yum! Brands stock opened at $90.43 on Friday. The stock has a market capitalization of $28.58 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.93 and a beta of 0.80. Yum! Brands, Inc. has a twelve month low of $75.88 and a twelve month high of $93.24.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. Yum! Brands’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. As a group, equities analysts anticipate that Yum! Brands, Inc. will post 3.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Monday, November 26th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Friday, November 23rd. Yum! Brands’s dividend payout ratio is presently 48.65%.
Yum! Brands declared that its Board of Directors has authorized a share buyback plan on Friday, August 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 7.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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Yum! Brands 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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