Monetary Management Group Inc. reduced its position in Yum! Brands, Inc. (NYSE:YUM) by 23.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the restaurant operator’s stock after selling 300 shares during the quarter. Monetary Management Group Inc.’s holdings in Yum! Brands were worth $69,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors grew its position in Yum! Brands by 28.4% in the 4th quarter. Capital International Investors now owns 2,101,861 shares of the restaurant operator’s stock valued at $211,720,000 after acquiring an additional 465,201 shares in the last quarter. Pearl River Capital LLC acquired a new position in Yum! Brands in the 4th quarter valued at about $397,000. Arrow Financial Corp grew its position in Yum! Brands by 29.1% in the 4th quarter. Arrow Financial Corp now owns 4,675 shares of the restaurant operator’s stock valued at $471,000 after acquiring an additional 1,055 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Yum! Brands by 7.6% in the 1st quarter. State of Alaska Department of Revenue now owns 115,999 shares of the restaurant operator’s stock valued at $7,948,000 after buying an additional 8,156 shares during the period. Finally, J. W. Coons Advisors LLC purchased a new position in shares of Yum! Brands in the 1st quarter valued at about $299,000. 75.00% of the stock is owned by institutional investors.
NYSE YUM traded down $3.22 on Thursday, reaching $90.87. The stock had a trading volume of 67,762 shares, compared to its average volume of 2,798,617. Yum! Brands, Inc. has a 12-month low of $54.95 and a 12-month high of $119.72. The business’s 50-day moving average price is $87.69 and its 200 day moving average price is $91.82. The stock has a market cap of $29.05 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 2.80 and a beta of 0.95.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). Yum! Brands had a net margin of 19.89% and a negative return on equity of 12.97%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. Yum! Brands’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 2.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, May 28th. Yum! Brands’s dividend payout ratio is presently 52.96%.
Several brokerages have recently issued reports on YUM. Oppenheimer reiterated a “buy” rating and issued a $103.00 price objective on shares of Yum! Brands in a research note on Wednesday. Stifel Nicolaus upgraded Yum! Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $87.00 to $95.00 in a research note on Thursday, May 14th. Goldman Sachs Group upgraded Yum! Brands to a “buy” rating in a research note on Friday, May 15th. Royal Bank of Canada reiterated a “hold” rating and issued a $85.00 price objective on shares of Yum! Brands in a research note on Wednesday, April 1st. Finally, Cfra decreased their price objective on Yum! Brands from $110.00 to $94.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $102.05.
In related news, CEO David W. Gibbs sold 5,424 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $84.39, for a total transaction of $457,731.36. Following the transaction, the chief executive officer now owns 80,335 shares of the company’s stock, valued at $6,779,470.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 4,737 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $65.00, for a total value of $307,905.00. Following the transaction, the chief executive officer now directly owns 80,335 shares in the company, valued at approximately $5,221,775. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.
Yum! Brands 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.
See Also: FinTech
Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.