Pictet Asset Management Holding SA decreased its position in Yum! Brands, Inc. (NYSE:YUM – Free Report) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,492 shares of the restaurant operator’s stock after selling 5,070 shares during the quarter. Pictet Asset Management Holding SA owned 0.05% of Yum! Brands worth $19,973,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in YUM. International Assets Investment Management LLC lifted its position in shares of Yum! Brands by 2,946.3% during the third quarter. International Assets Investment Management LLC now owns 75,000 shares of the restaurant operator’s stock worth $10,226,000 after purchasing an additional 72,538 shares in the last quarter. Rakuten Investment Management Inc. grew its holdings in Yum! Brands by 8.9% during the 3rd quarter. Rakuten Investment Management Inc. now owns 49,160 shares of the restaurant operator’s stock valued at $6,771,000 after purchasing an additional 4,033 shares in the last quarter. Provenance Wealth Advisors LLC grew its holdings in Yum! Brands by 43,060.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,158 shares of the restaurant operator’s stock valued at $294,000 after purchasing an additional 2,153 shares in the last quarter. Integrity Alliance LLC. grew its holdings in Yum! Brands by 3.7% during the 3rd quarter. Integrity Alliance LLC. now owns 2,207 shares of the restaurant operator’s stock valued at $301,000 after purchasing an additional 79 shares in the last quarter. Finally, Next Level Wealth Planning LLC purchased a new stake in Yum! Brands during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.
Yum! Brands Stock Down 0.1%
Shares of NYSE YUM opened at $160.00 on Thursday. The stock’s 50 day moving average price is $147.36 and its two-hundred day moving average price is $153.68. Yum! Brands, Inc. has a 52-week low of $134.26 and a 52-week high of $170.14. The stock has a market capitalization of $42.92 billion, a P/E ratio of 12.84, a PEG ratio of 2.63 and a beta of 0.53.
Yum! Brands (NYSE:YUM – Get Free Report) last released its earnings results on Tuesday, November 3rd. The restaurant operator reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.05. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.05 billion. Yum! Brands had a negative return on equity of 25.54% and a net margin of 39.14%. Yum! Brands’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 EPS. On average, analysts anticipate that Yum! Brands, Inc. will post 6.41 EPS for the current year.
Yum! Brands Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Wednesday, September 9th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, September 9th. Yum! Brands’s dividend payout ratio is currently 24.08%.
Insider Activity at Yum! Brands
In related news, CEO Scott Mezvinsky sold 241 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $136.89, for a total transaction of $32,990.49. Following the transaction, the chief executive officer directly owned 482 shares in the company, valued at $65,980.98. This trade represents a 33.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christopher Turner sold 285 shares of Yum! Brands stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $140.11, for a total transaction of $39,931.35. Following the completion of the transaction, the chief executive officer directly owned 63,225 shares of the company’s stock, valued at approximately $8,858,454.75. This represents a 0.45% decrease in their position. 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 ninety days, insiders have sold 4,288 shares of company stock valued at $666,149. Corporate insiders own 0.14% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on YUM. Rothschild & Co Redburn cut their price objective on shares of Yum! Brands from $184.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. JPMorgan Chase & Co. lowered their target price on Yum! Brands from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Royal Bank Of Canada raised their target price on Yum! Brands from $170.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 4th. Gordon Haskett dropped their target price on Yum! Brands from $182.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, BMO Capital Markets boosted their price target on Yum! Brands from $168.00 to $175.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $175.67.
Read Our Latest Report on Yum! Brands
About Yum! Brands
Yum! Brands, Inc. is a global restaurant company that operates and franchises quick-service restaurants under the KFC, Taco Bell, Pizza Hut and Habit Burger & Grill brands. Its restaurants serve customers through dine-in, takeout, delivery and digital ordering channels. The company’s brands offer a range of products, including KFC’s chicken meals, Taco Bell’s Mexican-inspired food, Pizza Hut’s pizzas and related items, and Habit Burger & Grill’s chargrilled burgers and sandwiches. Yum! Brands’ business relies heavily on franchised restaurants, alongside locations it operates directly.
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