Fifth Third Bancorp boosted its stake in Yum! Brands, Inc. (NYSE:YUM – Free Report) by 27.6% during the 1st quarter, HoldingsChannel reports. The fund owned 259,232 shares of the restaurant operator’s stock after acquiring an additional 56,133 shares during the quarter. Fifth Third Bancorp’s holdings in Yum! Brands were worth $40,305,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Econ Financial Services Corp increased its holdings in Yum! Brands by 0.4% during the 1st quarter. Econ Financial Services Corp now owns 15,536 shares of the restaurant operator’s stock worth $2,416,000 after purchasing an additional 63 shares in the last quarter. Magnolia Capital Advisors LLC lifted its holdings in shares of Yum! Brands by 2.0% in the fourth quarter. Magnolia Capital Advisors LLC now owns 3,292 shares of the restaurant operator’s stock valued at $498,000 after purchasing an additional 63 shares in the last quarter. Augustine Asset Management Inc. boosted its position in shares of 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 position in shares of 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. Finally, Hilltop Holdings Inc. grew its holdings in shares of Yum! Brands by 2.8% during the fourth quarter. Hilltop Holdings Inc. now owns 2,525 shares of the restaurant operator’s stock worth $382,000 after buying an additional 68 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.
Yum! Brands Trading Up 0.0%
NYSE YUM opened at $163.57 on Monday. Yum! Brands, Inc. has a 12 month low of $137.33 and a 12 month high of $170.14. The stock has a 50 day moving average of $154.51 and a 200-day moving average of $156.85. The company has a market cap of $45.08 billion, a PE ratio of 26.38, a PEG ratio of 2.10 and a beta of 0.56.
Yum! Brands Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, May 27th. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. Yum! Brands’s payout ratio is currently 48.39%.
Yum! Brands declared that its board has authorized a share repurchase program on Tuesday, June 16th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 9.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. BMO Capital Markets reissued a “market perform” rating and issued a $168.00 target price on shares of Yum! Brands in a research report on Monday, May 4th. UBS Group reaffirmed a “buy” rating on shares of Yum! Brands in a research note on Thursday, June 18th. Evercore reiterated an “outperform” rating on shares of Yum! Brands in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft set a $177.00 price objective on shares of Yum! Brands in a research report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Yum! Brands from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $176.12.
View Our Latest Analysis on YUM
Insider Activity at Yum! Brands
In other Yum! Brands news, CEO Christopher Lee Turner sold 270 shares of the business’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 $39,997.80. Following the transaction, the chief executive officer owned 64,282 shares of the company’s stock, valued at $9,522,735.48. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Tracy L. Skeans sold 1,837 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $152.00, for a total value of $279,224.00. Following the transaction, the chief operating officer directly owned 3,497 shares in the company, valued at approximately $531,544. This trade represents a 34.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,423 shares of company stock worth $1,953,721 over the last ninety days. Company insiders own 0.14% of the company’s stock.
Yum! Brands 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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