Heritage Trust Co lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,376 shares of the restaurant operator’s stock after selling 134 shares during the quarter. Heritage Trust Co’s holdings in Yum! Brands were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in YUM. Braun Bostich & Associates Inc. purchased a new position in Yum! Brands during the 4th quarter valued at about $25,000. Ballast Advisors LLC purchased a new position in Yum! Brands during the 1st quarter valued at about $26,000. Atlas Private Wealth Management purchased a new position in Yum! Brands during the 4th quarter valued at about $30,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Yum! Brands during the 4th quarter valued at about $30,000. Finally, TRUE Private Wealth Advisors lifted its holdings in shares of Yum! Brands by 131.5% during the 1st quarter. TRUE Private Wealth Advisors now owns 493 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 280 shares during the last quarter. 74.59% of the stock is currently owned by institutional investors.
In other news, CEO David W. Gibbs sold 4,737 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $65.00, for a total transaction of $307,905.00. Following the sale, the chief executive officer now directly owns 80,335 shares in the company, valued at $5,221,775. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 5,424 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $84.39, for a total value of $457,731.36. Following the sale, the chief executive officer now owns 80,335 shares in the company, valued at $6,779,470.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,421 shares of company stock worth $1,123,093. 0.72% of the stock is currently owned by company insiders.
YUM has been the subject of several research reports. UBS Group reduced their price target on Yum! Brands from $109.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Wolfe Research initiated coverage on Yum! Brands in a report on Friday, April 17th. They set a “market perform” rating for the company. Cfra reduced their price target on Yum! Brands from $110.00 to $94.00 and set a “hold” rating for the company in a report on Thursday, April 30th. BTIG Research lowered Yum! Brands from a “buy” rating to a “neutral” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. reduced their target price on Yum! Brands from $106.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, April 6th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $99.52.
Shares of YUM traded down $0.76 on Friday, reaching $87.25. 2,240,159 shares of the stock traded hands, compared to its average volume of 2,307,283. The firm has a market cap of $26.49 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 2.55 and a beta of 0.95. Yum! Brands, Inc. has a 12 month low of $54.95 and a 12 month high of $119.72. The stock’s 50-day moving average price is $81.45 and its 200-day moving average price is $92.50.
Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Yum! Brands had a net margin of 19.89% and a negative return on equity of 12.97%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 2.8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, May 28th. Yum! Brands’s dividend payout ratio is presently 52.96%.
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.
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