Verition Fund Management LLC Purchases 68,413 Shares of Yum! Brands, Inc. (NYSE:YUM)

Verition Fund Management LLC boosted its position in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 1,426.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,210 shares of the restaurant operator’s stock after acquiring an additional 68,413 shares during the quarter. Verition Fund Management LLC’s holdings in Yum! Brands were worth $9,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Naples Money Management LLC bought a new stake in Yum! Brands during the fourth quarter worth $26,000. Bfsg LLC bought a new stake in Yum! Brands during the fourth quarter worth $26,000. Fortitude Family Office LLC bought a new stake in Yum! Brands during the fourth quarter worth $27,000. Bruce G. Allen Investments LLC bought a new stake in Yum! Brands during the fourth quarter worth $34,000. Finally, CVA Family Office LLC bought a new position in shares of Yum! Brands in the fourth quarter valued at about $52,000. 82.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

YUM has been the topic of several research analyst reports. Citigroup dropped their price objective on shares of Yum! Brands from $166.00 to $162.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Guggenheim increased their price objective on shares of Yum! Brands from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. BMO Capital Markets increased their price objective on shares of Yum! Brands from $133.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Argus reissued a “hold” rating on shares of Yum! Brands in a research report on Wednesday, April 10th. Finally, TD Cowen reissued a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a research report on Tuesday, May 28th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Yum! Brands currently has a consensus rating of “Hold” and an average target price of $143.80.

Check Out Our Latest Stock Analysis on Yum! Brands

Yum! Brands Stock Performance

NYSE:YUM opened at $137.81 on Tuesday. The firm has a market cap of $38.81 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 2.26 and a beta of 1.08. Yum! Brands, Inc. has a 52 week low of $115.53 and a 52 week high of $143.20. The firm’s 50-day simple moving average is $138.31 and its 200 day simple moving average is $134.27.

Yum! Brands (NYSE:YUMGet Free Report) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.05). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.71 billion. Yum! Brands had a net margin of 22.92% and a negative return on equity of 18.64%. Yum! Brands’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.64 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, May 24th. Yum! Brands’s payout ratio is presently 47.52%.

Yum! Brands announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 15th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to repurchase up to 5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Director Paget Leonard Alves sold 6,309 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $136.19, for a total value of $859,222.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Paget Leonard Alves sold 6,309 shares of Yum! Brands stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $136.19, for a total transaction of $859,222.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,067 shares of Yum! Brands stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $136.34, for a total transaction of $963,514.78. Following the sale, the chief executive officer now directly owns 175,377 shares in the company, valued at $23,910,900.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,521 shares of company stock worth $4,620,263. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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