Simplicity Wealth LLC purchased a new position in Yum! Brands, Inc. (NYSE:YUM – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,932 shares of the restaurant operator’s stock, valued at approximately $1,108,000.
Several other hedge funds and other institutional investors have also made changes to their positions in YUM. Harrell Investment Partners LLC raised its holdings in shares of Yum! Brands by 1.5% during the 2nd quarter. Harrell Investment Partners LLC now owns 4,235 shares of the restaurant operator’s stock worth $677,000 after acquiring an additional 62 shares in the last quarter. Econ Financial Services Corp grew its stake in shares of Yum! Brands by 0.4% in the 1st quarter. Econ Financial Services Corp now owns 15,536 shares of the restaurant operator’s stock worth $2,416,000 after buying an additional 63 shares in the last quarter. Magnolia Capital Advisors LLC increased its holdings in shares of Yum! Brands by 2.0% in the 4th quarter. Magnolia Capital Advisors LLC now owns 3,292 shares of the restaurant operator’s stock worth $498,000 after buying an additional 63 shares during the last quarter. Essex Financial Services Inc. increased its holdings in shares of Yum! Brands by 1.0% in the 4th 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 last quarter. Finally, Hilltop Holdings Inc. raised its position in shares of Yum! Brands by 2.8% during the 4th quarter. Hilltop Holdings Inc. now owns 2,525 shares of the restaurant operator’s stock valued at $382,000 after buying an additional 68 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.
Analyst Ratings Changes
YUM has been the subject of several analyst reports. UBS Group reiterated a “buy” rating on shares of Yum! Brands in a report on Thursday, June 18th. Morgan Stanley upgraded shares of Yum! Brands from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $180.00 to $185.00 in a report on Wednesday, June 3rd. Citigroup raised their price objective on shares of Yum! Brands from $175.00 to $178.00 and gave the stock a “neutral” rating in a research note on Sunday, July 12th. Evercore restated an “outperform” rating on shares of Yum! Brands in a research report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $174.00 target price on shares of Yum! Brands in a research note on Friday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $174.31.
Yum! Brands Stock Performance
Shares of YUM opened at $148.21 on Monday. The stock has a market capitalization of $40.45 billion, a PE ratio of 18.64, a PEG ratio of 2.40 and a beta of 0.55. The company has a 50 day moving average price of $153.75 and a 200-day moving average price of $156.22. Yum! Brands, Inc. has a fifty-two week low of $137.33 and a fifty-two week high of $170.14.
Yum! Brands (NYSE:YUM – Get Free Report) last posted its earnings results on Thursday, July 30th. The restaurant operator reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. Yum! Brands had a negative return on equity of 24.57% and a net margin of 25.42%.Yum! Brands’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. Equities research analysts forecast that Yum! Brands, Inc. will post 6.42 EPS for the current year.
Yum! Brands declared that its board has initiated a stock buyback plan on Tuesday, June 16th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 9.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Insider Buying and Selling
In other Yum! Brands news, CEO Scott Mezvinsky sold 277 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $160.42, for a total value of $44,436.34. Following the completion of the transaction, the chief executive officer directly owned 483 shares in the company, valued at approximately $77,482.86. The trade was a 36.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christopher Lee Turner sold 270 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $148.14, for a total transaction of $39,997.80. Following the completion of the sale, the chief executive officer 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 have sold 18,549 shares of company stock valued at $2,890,168 over the last three months. Corporate 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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