Fort L.P. trimmed its position in Yum! Brands, Inc. (NYSE:YUM) by 23.0% during the first quarter, Holdings Channel reports. The institutional investor owned 41,472 shares of the restaurant operator’s stock after selling 12,392 shares during the quarter. Yum! Brands makes up about 0.8% of Fort L.P.’s investment portfolio, making the stock its 8th biggest holding. Fort L.P.’s holdings in Yum! Brands were worth $4,139,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Athena Capital Advisors LLC bought a new position in Yum! Brands during the fourth quarter worth about $25,000. Howe & Rusling Inc. bought a new position in Yum! Brands during the first quarter worth about $25,000. Bogart Wealth LLC lifted its holdings in Yum! Brands by 70.0% during the first quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 140 shares in the last quarter. Sontag Advisory LLC bought a new position in Yum! Brands during the fourth quarter worth about $41,000. Finally, JNBA Financial Advisors lifted its holdings in Yum! Brands by 54.0% during the fourth quarter. JNBA Financial Advisors now owns 462 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.
YUM opened at $108.98 on Friday. Yum! Brands, Inc. has a 1 year low of $77.09 and a 1 year high of $109.63. The stock has a market capitalization of $33.42 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 2.30 and a beta of 0.55.
Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities research analysts forecast that Yum! Brands, Inc. will post 3.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 16th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, May 15th. Yum! Brands’s dividend payout ratio is 53.00%.
Several research analysts have weighed in on the company. UBS Group lifted their target price on Yum! Brands from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Citigroup lifted their target price on Yum! Brands from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. BTIG Research lifted their target price on Yum! Brands to $114.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Robert W. Baird reiterated an “outperform” rating and set a $112.00 target price on shares of Yum! Brands in a report on Monday, April 29th. Finally, Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $101.00.
In related news, CFO David W. Gibbs sold 1,537 shares of Yum! Brands stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $101.49, for a total value of $155,990.13. Following the sale, the chief financial officer now owns 43,516 shares of the company’s stock, valued at $4,416,438.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert D. Walter sold 2,780 shares of Yum! Brands stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $100.61, for a total value of $279,695.80. Following the completion of the sale, the director now directly owns 3,629 shares in the company, valued at approximately $365,113.69. The disclosure for this sale can be found here. Insiders sold a total of 52,328 shares of company stock worth $5,498,068 in the last three months. Company insiders own 0.67% of the company’s stock.
About Yum! Brands
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: Earnings Per Share
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