Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Forbes J M & Co. LLP

Forbes J M & Co. LLP reduced its position in Yum! Brands, Inc. (NYSE:YUMFree Report) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,235 shares of the restaurant operator’s stock after selling 147 shares during the period. Forbes J M & Co. LLP’s holdings in Yum! Brands were worth $449,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Yum! Brands by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 23,405,452 shares of the restaurant operator’s stock valued at $3,058,156,000 after acquiring an additional 373,232 shares during the last quarter. Capital World Investors grew its stake in Yum! Brands by 4.9% in the 4th quarter. Capital World Investors now owns 14,650,728 shares of the restaurant operator’s stock worth $1,914,257,000 after acquiring an additional 678,659 shares during the period. Northern Trust Corp lifted its position in Yum! Brands by 3.9% during the third quarter. Northern Trust Corp now owns 3,278,341 shares of the restaurant operator’s stock worth $409,596,000 after buying an additional 124,080 shares during the period. Norges Bank purchased a new position in shares of Yum! Brands during the 4th quarter worth about $331,831,000. Finally, TD Asset Management Inc increased its holdings in shares of Yum! Brands by 55.8% during the 4th quarter. TD Asset Management Inc now owns 1,592,259 shares of the restaurant operator’s stock worth $208,045,000 after buying an additional 570,263 shares during the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on YUM shares. Guggenheim lifted their price objective on Yum! Brands from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. TD Cowen reissued a “buy” rating and issued a $156.00 target price on shares of Yum! Brands in a research note on Thursday, June 13th. JPMorgan Chase & Co. upped their price target on shares of Yum! Brands from $132.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. BMO Capital Markets raised their price objective on Yum! Brands from $133.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Finally, The Goldman Sachs Group initiated coverage on Yum! Brands in a research report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Yum! Brands has an average rating of “Hold” and a consensus price target of $144.33.

Check Out Our Latest Analysis on Yum! Brands

Yum! Brands Price Performance

NYSE:YUM traded up $0.14 during trading hours on Friday, reaching $134.29. 3,920,859 shares of the stock were exchanged, compared to its average volume of 1,627,509. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.20. The firm has a 50 day moving average of $138.04 and a 200 day moving average of $134.83. The stock has a market cap of $37.82 billion, a PE ratio of 23.81, a PEG ratio of 2.17 and a beta of 1.08.

Yum! Brands (NYSE:YUMGet Free Report) last announced 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 company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 EPS. Equities research analysts anticipate that Yum! Brands, Inc. will post 5.64 earnings per share for the current year.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 28th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.68 annualized dividend and a yield of 2.00%. Yum! Brands’s payout ratio is currently 47.52%.

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

Insider Activity at Yum! Brands

In other news, insider Scott Catlett sold 5,994 shares of Yum! Brands stock in a transaction on Friday, May 17th. The stock was sold at an average price of $141.50, for a total transaction of $848,151.00. Following the completion of the sale, the insider now owns 34,889 shares of the company’s stock, valued at $4,936,793.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Scott Catlett sold 5,994 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $141.50, for a total value of $848,151.00. Following the completion of the sale, the insider now directly owns 34,889 shares in the company, valued at $4,936,793.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $138.37, for a total value of $979,382.86. Following the transaction, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The disclosure for this sale can be found here. Insiders sold 33,515 shares of company stock worth $4,620,080 in the last ninety days. 0.31% of the stock is owned by company insiders.

About Yum! Brands

(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.

See Also

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

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