Crossmark Global Holdings Inc. lessened its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,560 shares of the restaurant operator’s stock after selling 4,742 shares during the period. Crossmark Global Holdings Inc.’s holdings in Yum! Brands were worth $5,545,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Lincoln National Corp acquired a new stake in shares of Yum! Brands in the fourth quarter worth $204,000. Barings LLC acquired a new stake in shares of Yum! Brands in the fourth quarter worth $212,000. Janus Henderson Group PLC grew its stake in shares of Yum! Brands by 233.9% in the first quarter. Janus Henderson Group PLC now owns 845,079 shares of the restaurant operator’s stock worth $84,348,000 after acquiring an additional 591,961 shares during the last quarter. Virtu Financial LLC grew its stake in shares of Yum! Brands by 141.0% in the first quarter. Virtu Financial LLC now owns 13,799 shares of the restaurant operator’s stock worth $1,377,000 after acquiring an additional 8,073 shares during the last quarter. Finally, Cullinan Associates Inc. grew its stake in shares of Yum! Brands by 1.7% in the fourth quarter. Cullinan Associates Inc. now owns 97,790 shares of the restaurant operator’s stock worth $8,989,000 after acquiring an additional 1,610 shares during the last quarter. Institutional investors own 75.02% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. BTIG Research raised their price objective on shares of Yum! Brands to $114.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Robert W. Baird restated an “outperform” rating and issued a $112.00 price objective on shares of Yum! Brands in a research note on Monday, April 29th. Zacks Investment Research downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Citigroup lowered their price objective on shares of Yum! Brands from $104.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, April 4th. Finally, Mizuho cut Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 target price for the company. in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $98.17.
In related news, Director Tanya L. Domier acquired 2,652 shares of the business’s stock in a transaction on Friday, February 8th. The stock was bought at an average cost of $94.23 per share, with a total value of $249,897.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 19,436 shares of Yum! Brands stock in a transaction on Friday, February 8th. The shares were sold at an average price of $94.06, for a total value of $1,828,150.16. Following the transaction, the chief financial officer now directly owns 61,554 shares of the company’s stock, valued at $5,789,769.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,922 shares of company stock valued at $9,384,824. 0.67% of the stock is owned by company insiders.
Shares of YUM stock opened at $100.49 on Thursday. The firm has a market capitalization of $31.42 billion, a P/E ratio of 31.70, a PEG ratio of 2.20 and a beta of 0.56. Yum! Brands, Inc. has a one year low of $77.09 and a one year high of $104.47.
Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. Yum! Brands’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.90 earnings per share. On average, analysts predict that Yum! Brands, Inc. will post 3.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.68 annualized dividend and a yield of 1.67%. Yum! Brands’s dividend payout ratio (DPR) is currently 53.00%.
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Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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