OP Asset Management Ltd Acquires Shares of 27,817 Yum! Brands, Inc. $YUM

OP Asset Management Ltd bought a new position in Yum! Brands, Inc. (NYSE:YUMFree Report) in the first quarter, HoldingsChannel reports. The firm bought 27,817 shares of the restaurant operator’s stock, valued at approximately $4,325,000.

Other large investors have also recently modified their holdings of the company. Magnolia Capital Advisors LLC raised its holdings in Yum! Brands by 2.0% during the 4th quarter. Magnolia Capital Advisors LLC now owns 3,292 shares of the restaurant operator’s stock valued at $498,000 after buying an additional 63 shares during the period. Augustine Asset Management Inc. boosted its stake in Yum! Brands by 2.0% during the fourth quarter. Augustine Asset Management Inc. now owns 3,287 shares of the restaurant operator’s stock worth $497,000 after buying an additional 64 shares during the period. Essex Financial Services Inc. boosted its stake in Yum! Brands by 1.0% during the fourth quarter. Essex Financial Services Inc. now owns 6,667 shares of the restaurant operator’s stock worth $1,009,000 after buying an additional 66 shares during the period. Hilltop Holdings Inc. increased its position in Yum! Brands by 2.8% during the fourth quarter. Hilltop Holdings Inc. now owns 2,525 shares of the restaurant operator’s stock valued at $382,000 after acquiring an additional 68 shares during the last quarter. Finally, Diversified Trust Co. raised its stake in shares of Yum! Brands by 2.1% in the fourth quarter. Diversified Trust Co. now owns 3,589 shares of the restaurant operator’s stock valued at $543,000 after acquiring an additional 73 shares during the period. Institutional investors own 82.37% of the company’s stock.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO Sean Tresvant sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $154.68, for a total transaction of $464,040.00. Following the transaction, the chief executive officer directly owned 3,140 shares in the company, valued at $485,695.20. This trade represents a 48.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher Lee Turner sold 270 shares of Yum! Brands stock in a transaction on Monday, June 1st. The shares were sold at an average price of $148.14, for a total value of $39,997.80. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,895 shares of company stock worth $906,499 in the last ninety days. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on YUM shares. Deutsche Bank Aktiengesellschaft set a $177.00 target price on shares of Yum! Brands in a report on Thursday, April 30th. BMO Capital Markets reiterated a “market perform” rating and set a $168.00 price target on shares of Yum! Brands in a report on Monday, May 4th. Evercore reissued an “outperform” rating on shares of Yum! Brands in a research report on Tuesday, June 16th. UBS Group restated a “buy” rating on shares of Yum! Brands in a research report on Thursday, June 18th. Finally, Wells Fargo & Company upped their target price on Yum! Brands from $160.00 to $165.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Yum! Brands presently has an average rating of “Moderate Buy” and an average price target of $176.12.

Get Our Latest Stock Report on Yum! Brands

Yum! Brands Price Performance

YUM stock opened at $156.36 on Friday. The company has a market capitalization of $43.10 billion, a PE ratio of 25.22, a P/E/G ratio of 1.93 and a beta of 0.57. Yum! Brands, Inc. has a 12 month low of $137.33 and a 12 month high of $169.39. The firm’s 50-day moving average is $153.77 and its 200 day moving average is $155.88.

Yum! Brands (NYSE:YUMGet Free Report) last released its quarterly earnings data 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. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Yum! Brands had a net margin of 20.48% and a negative return on equity of 23.51%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 EPS. Sell-side analysts forecast that Yum! Brands, Inc. will post 6.75 EPS for the current fiscal year.

Yum! Brands announced that its board has authorized a stock repurchase plan on Tuesday, June 16th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the restaurant operator to repurchase up to 9.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Wednesday, May 27th were issued a $0.75 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.9%. Yum! Brands’s payout ratio is presently 48.39%.

Yum! Brands Profile

(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.

See Also

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

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