Camrose Capital Investment Partners LLP grew its position in Yum! Brands, Inc. (NYSE:YUM – Free Report) by 33.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 308,468 shares of the restaurant operator’s stock after acquiring an additional 77,780 shares during the period. Yum! Brands accounts for approximately 11.4% of Camrose Capital Investment Partners LLP’s investment portfolio, making the stock its 5th biggest position. Camrose Capital Investment Partners LLP owned 0.11% of Yum! Brands worth $45,709,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of YUM. HFM Investment Advisors LLC acquired a new position in Yum! Brands in the 1st quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Yum! Brands in the second quarter valued at approximately $29,000. Financial Gravity Companies Inc. acquired a new position in shares of Yum! Brands in the second quarter valued at approximately $36,000. Twin Peaks Wealth Advisors LLC bought a new position in Yum! Brands in the 2nd quarter valued at approximately $42,000. Finally, Private Wealth Asset Management LLC boosted its position in Yum! Brands by 219.4% during the 2nd quarter. Private Wealth Asset Management LLC now owns 297 shares of the restaurant operator’s stock worth $44,000 after buying an additional 204 shares during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.
Insider Buying and Selling
In other Yum! Brands news, CEO Aaron Powell sold 2,790 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $150.48, for a total value of $419,839.20. Following the completion of the sale, the chief executive officer owned 26,650 shares of the company’s stock, valued at approximately $4,010,292. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Tracy L. Skeans sold 24,332 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $149.10, for a total value of $3,627,901.20. The SEC filing for this sale provides additional information. Insiders sold a total of 38,146 shares of company stock worth $5,699,770 over the last 90 days. 0.33% of the stock is owned by company insiders.
Yum! Brands Price Performance
Yum! Brands (NYSE:YUM – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.96 billion. Yum! Brands had a net margin of 17.95% and a negative return on equity of 21.79%. Yum! Brands’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. Equities analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.
Yum! Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. Yum! Brands’s dividend payout ratio is 55.36%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. TD Cowen raised shares of Yum! Brands from a “hold” rating to a “buy” rating and raised their price target for the company from $162.00 to $173.00 in a research note on Monday, November 17th. Guggenheim decreased their price objective on Yum! Brands from $167.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 28th. Citigroup lifted their target price on Yum! Brands from $156.00 to $158.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Stifel Nicolaus set a $160.00 price target on Yum! Brands in a research note on Monday, November 17th. Finally, Royal Bank Of Canada started coverage on Yum! Brands in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $165.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.38.
View Our Latest Analysis on Yum! Brands
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.
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