Kestra Private Wealth Services LLC Acquires 533 Shares of Yum! Brands, Inc. (NYSE:YUM)

Kestra Private Wealth Services LLC boosted its holdings in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 12,866 shares of the restaurant operator’s stock after buying an additional 533 shares during the period. Kestra Private Wealth Services LLC’s holdings in Yum! Brands were worth $1,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YUM. Deutsche Bank AG lifted its stake in Yum! Brands by 121.8% during the third quarter. Deutsche Bank AG now owns 1,819,809 shares of the restaurant operator’s stock worth $227,367,000 after purchasing an additional 999,443 shares during the last quarter. Barclays PLC increased its holdings in shares of Yum! Brands by 79.0% during the third quarter. Barclays PLC now owns 1,208,137 shares of the restaurant operator’s stock worth $150,945,000 after buying an additional 533,321 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Yum! Brands by 129.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 769,543 shares of the restaurant operator’s stock worth $96,147,000 after buying an additional 434,284 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Yum! Brands during the third quarter worth $36,663,000. Finally, Sustainable Growth Advisers LP increased its holdings in shares of Yum! Brands by 3.8% during the third quarter. Sustainable Growth Advisers LP now owns 5,766,650 shares of the restaurant operator’s stock worth $720,485,000 after buying an additional 210,238 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $135.02 on Friday. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.20. The stock has a market cap of $38.01 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.13 and a beta of 1.07. The firm’s 50-day simple moving average is $138.25 and its 200 day simple moving average is $131.42.

Yum! Brands (NYSE:YUMGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.05). Yum! Brands had a net margin of 22.92% and a negative return on equity of 18.64%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business posted $1.06 EPS. Yum! Brands’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Yum! Brands, Inc. will post 5.73 EPS for the current year.

Insider Activity at Yum! Brands

In other Yum! Brands news, VP David Eric Russell sold 9,919 shares of Yum! Brands stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the transaction, the vice president now owns 18,661 shares of the company’s stock, valued at approximately $2,419,025.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Yum! Brands news, VP David Eric Russell sold 9,919 shares of Yum! Brands stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the transaction, the vice president now owns 18,661 shares of the company’s stock, valued at approximately $2,419,025.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David W. Gibbs sold 7,078 shares of Yum! Brands stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $138.37, for a total transaction of $979,382.86. Following the transaction, the chief executive officer now directly owns 172,128 shares in the company, valued at approximately $23,817,351.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,064 shares of company stock valued at $3,228,698. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on YUM. TD Cowen restated a “buy” rating and issued a $160.00 price objective on shares of Yum! Brands in a report on Wednesday. BMO Capital Markets increased their price target on Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a report on Thursday. Citigroup decreased their price target on Yum! Brands from $166.00 to $162.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. JPMorgan Chase & Co. increased their price target on Yum! Brands from $133.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Finally, Argus reiterated a “hold” rating on shares of Yum! Brands in a report on Wednesday, April 10th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Yum! Brands currently has an average rating of “Hold” and an average price target of $144.44.

Check Out Our Latest Analysis on Yum! Brands

Yum! Brands Company Profile

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.

Further Reading

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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