DJE Kapital AG boosted its position in shares of Yum! Brands, Inc. (NYSE:YUM – Free Report) by 20.2% in the fourth quarter, Holdings Channel reports. The fund owned 29,700 shares of the restaurant operator’s stock after purchasing an additional 5,000 shares during the quarter. DJE Kapital AG’s holdings in Yum! Brands were worth $4,534,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of YUM. Wiser Advisor Group LLC purchased a new stake in Yum! Brands during the third quarter valued at $28,000. Community Bank N.A. purchased a new stake in Yum! Brands during the third quarter valued at $29,000. Jessup Wealth Management Inc purchased a new stake in Yum! Brands during the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Yum! Brands during the fourth quarter valued at $36,000. Finally, Torren Management LLC purchased a new stake in Yum! Brands during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.
Wall Street Analysts Forecast Growth
YUM has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft set a $177.00 price objective on Yum! Brands in a research report on Thursday, April 30th. Weiss Ratings cut Yum! Brands from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Guggenheim reiterated a “buy” rating and set a $180.00 price objective on shares of Yum! Brands in a research report on Thursday, February 12th. JPMorgan Chase & Co. upped their price objective on Yum! Brands from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Finally, Citigroup upped their price objective on Yum! Brands from $174.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Yum! Brands presently has a consensus rating of “Moderate Buy” and an average target price of $176.12.
Yum! Brands Stock Performance
NYSE:YUM opened at $153.20 on Friday. The stock has a 50-day simple moving average of $154.98 and a two-hundred day simple moving average of $155.68. Yum! Brands, Inc. has a 52-week low of $137.33 and a 52-week high of $169.39. The firm has a market capitalization of $42.22 billion, a PE ratio of 24.71, a P/E/G ratio of 1.92 and a beta of 0.57.
Yum! Brands (NYSE:YUM – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.11. Yum! Brands had a negative return on equity of 23.51% and a net margin of 20.48%.The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. Yum! Brands’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts forecast that Yum! Brands, Inc. will post 6.78 earnings per share for the current fiscal year.
Yum! Brands Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, May 27th. Yum! Brands’s payout ratio is currently 48.39%.
Insider Buying and Selling
In other Yum! Brands news, CEO Sean Tresvant sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $154.68, for a total transaction of $464,040.00. Following the completion of the sale, the chief executive officer owned 3,140 shares of the company’s stock, valued at approximately $485,695.20. The trade was a 48.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher Lee Turner sold 270 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $148.14, for a total value of $39,997.80. Following the completion of the transaction, the chief executive officer directly owned 64,282 shares of the company’s stock, valued at approximately $9,522,735.48. This trade represents a 0.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 5,895 shares of company stock worth $906,499. Company insiders own 0.14% of the company’s stock.
Yum! Brands Company Profile
Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.
The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.
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