Westpac Banking Corp Has $6.26 Million Holdings in Yum! Brands, Inc. $YUM

Westpac Banking Corp lessened its holdings in Yum! Brands, Inc. (NYSE:YUMFree Report) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,385 shares of the restaurant operator’s stock after selling 3,486 shares during the period. Westpac Banking Corp’s holdings in Yum! Brands were worth $6,261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YUM. Wiser Advisor Group LLC purchased a new stake in Yum! Brands in the 3rd quarter valued at about $28,000. Community Bank N.A. purchased a new stake in Yum! Brands in the 3rd quarter valued at about $29,000. Westside Investment Management Inc. increased its stake in Yum! Brands by 81.7% in the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 89 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Yum! Brands in the 4th quarter valued at about $36,000. Finally, Torren Management LLC purchased a new stake in Yum! Brands in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In other news, CEO Sean Tresvant sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 in the company, valued at $485,695.20. This trade represents a 48.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott Mezvinsky sold 261 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $148.14, for a total transaction of $38,664.54. Following the completion of the transaction, the chief executive officer directly owned 483 shares of the company’s stock, valued at approximately $71,551.62. This trade represents a 35.08% 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. In the last 90 days, insiders have sold 5,895 shares of company stock worth $906,499. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley upgraded shares of Yum! Brands from an “overweight” rating to an “overweight” rating and set a $185.00 price objective for the company in a research note on Wednesday. Barclays set a $185.00 price objective on shares of Yum! Brands and gave the company an “overweight” rating in a research note on Thursday, February 5th. Citigroup increased their price objective on shares of Yum! Brands from $174.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $165.00 price objective on shares of Yum! Brands in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft set a $177.00 target price on shares of Yum! Brands in a research report on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $176.17.

View Our Latest Analysis on YUM

Yum! Brands Stock Down 0.6%

Shares of YUM stock opened at $146.57 on Wednesday. The company has a 50 day moving average of $156.11 and a 200-day moving average of $155.66. Yum! Brands, Inc. has a 12-month low of $137.33 and a 12-month high of $169.39. The firm has a market cap of $40.40 billion, a P/E ratio of 23.64, a PEG ratio of 1.88 and a beta of 0.57.

Yum! Brands (NYSE:YUMGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.11. Yum! Brands had a net margin of 20.48% and a negative return on equity of 23.51%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $1.30 EPS. Yum! Brands’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts expect that Yum! Brands, Inc. will post 6.77 EPS for the current year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 27th. This represents a $3.00 annualized dividend and a dividend yield of 2.0%. Yum! Brands’s dividend payout ratio (DPR) is presently 48.39%.

Yum! Brands News Summary

Here are the key news stories impacting Yum! Brands this week:

About Yum! Brands

(Free Report)

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

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