Brinker Capital Inc. increased its holdings in Yum! Brands, Inc. (NYSE:YUM) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,517 shares of the restaurant operator’s stock after acquiring an additional 3,943 shares during the quarter. Brinker Capital Inc.’s holdings in Yum! Brands were worth $8,872,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in YUM. Athena Capital Advisors LLC purchased a new stake in Yum! Brands in the fourth quarter worth $25,000. JNBA Financial Advisors lifted its position in Yum! Brands by 54.0% during the fourth quarter. JNBA Financial Advisors now owns 462 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 162 shares during the period. Reilly Financial Advisors LLC lifted its position in Yum! Brands by 71.4% during the fourth quarter. Reilly Financial Advisors LLC now owns 480 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 200 shares during the period. Ipswich Investment Management Co. Inc. purchased a new position in Yum! Brands during the fourth quarter valued at $46,000. Finally, Bremer Trust National Association purchased a new position in Yum! Brands during the fourth quarter valued at $46,000. 72.49% of the stock is owned by institutional investors.
Shares of Yum! Brands stock opened at $100.90 on Friday. The firm has a market cap of $30.92 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.02 and a beta of 0.55. Yum! Brands, Inc. has a 12 month low of $77.09 and a 12 month high of $100.93.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.57). The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. Yum! Brands’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. As a group, equities research analysts forecast that Yum! Brands, Inc. will post 3.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 14th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Wednesday, February 13th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.36. Yum! Brands’s payout ratio is currently 53.00%.
Several equities analysts have commented on the company. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Monday, February 11th. BMO Capital Markets raised their price objective on Yum! Brands to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 8th. Cowen reissued a “buy” rating and set a $100.00 price objective on shares of Yum! Brands in a research report on Sunday, December 2nd. Finally, Goldman Sachs Group lowered Yum! Brands from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $83.00 to $76.00 in a research report on Friday, January 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $93.46.
In other news, CEO Greg Creed sold 32,502 shares of Yum! Brands stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $94.31, for a total value of $3,065,263.62. Following the completion of the transaction, the chief executive officer now owns 38,119 shares of the company’s stock, valued at approximately $3,595,002.89. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Anthony Lowings sold 2,889 shares of Yum! Brands stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $89.93, for a total value of $259,807.77. Following the completion of the transaction, the chief executive officer now directly owns 36,497 shares of the company’s stock, valued at approximately $3,282,175.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,727 shares of company stock valued at $9,913,501. 0.63% of the stock is owned by insiders.
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.
Further Reading: Sell-Side Analysts
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