Securian Asset Management Inc. trimmed its position in Yum! Brands, Inc. (NYSE:YUM – Free Report) by 43.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,549 shares of the restaurant operator’s stock after selling 5,799 shares during the quarter. Securian Asset Management Inc.’s holdings in Yum! Brands were worth $1,142,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Yum! Brands by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 35,242,558 shares of the restaurant operator’s stock valued at $5,356,869,000 after buying an additional 684,946 shares during the last quarter. Capital International Investors boosted its position in Yum! Brands by 3.1% during the 3rd quarter. Capital International Investors now owns 16,179,636 shares of the restaurant operator’s stock worth $2,459,940,000 after acquiring an additional 487,069 shares during the last quarter. Northern Trust Corp boosted its position in Yum! Brands by 5.6% during the 3rd quarter. Northern Trust Corp now owns 3,348,846 shares of the restaurant operator’s stock worth $509,025,000 after acquiring an additional 176,221 shares during the last quarter. Invesco Ltd. grew its stake in shares of Yum! Brands by 5.5% during the 3rd quarter. Invesco Ltd. now owns 2,943,187 shares of the restaurant operator’s stock worth $447,364,000 after acquiring an additional 153,459 shares in the last quarter. Finally, Sustainable Growth Advisers LP grew its stake in shares of Yum! Brands by 4.0% during the 3rd quarter. Sustainable Growth Advisers LP now owns 2,735,106 shares of the restaurant operator’s stock worth $415,736,000 after acquiring an additional 104,336 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $168.00 price objective on shares of Yum! Brands in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $177.00 price target on shares of Yum! Brands in a research note on Thursday, April 30th. Weiss Ratings cut shares of Yum! Brands from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Barclays set a $185.00 price objective on shares of Yum! Brands and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, TD Cowen lifted their target price on Yum! Brands from $180.00 to $186.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Twelve research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Yum! Brands has a consensus rating of “Moderate Buy” and an average price target of $176.22.
Insider Buying and Selling
In other news, CEO Scott Mezvinsky sold 277 shares of Yum! Brands stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $160.48, for a total transaction of $44,452.96. Following the completion of the transaction, the chief executive officer directly owned 483 shares in the company, valued at approximately $77,511.84. The trade was a 36.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christopher Lee Turner sold 250 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $160.48, for a total value of $40,120.00. Following the transaction, the chief executive officer directly owned 64,552 shares in the company, valued at $10,359,304.96. The trade was a 0.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 2,665 shares of company stock valued at $437,283. Insiders own 0.14% of the company’s stock.
Yum! Brands Price Performance
Yum! Brands stock opened at $152.91 on Wednesday. The company’s 50-day moving average is $158.33 and its 200-day moving average is $154.95. The firm has a market capitalization of $42.15 billion, a PE ratio of 24.66, a P/E/G ratio of 1.92 and a beta of 0.61. Yum! Brands, Inc. has a fifty-two week low of $137.33 and a fifty-two week high of $169.39.
Yum! Brands (NYSE:YUM – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Yum! Brands had a negative return on equity of 23.51% and a net margin of 20.48%.Yum! Brands’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $1.30 earnings per share. As a group, analysts expect that Yum! Brands, Inc. will post 6.76 EPS for the current year.
About Yum! Brands
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.
Featured Articles
- Five stocks we like better than Yum! Brands
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM – Free Report).
Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.
