Independent Advisor Alliance Cuts Position in Yum! Brands, Inc. (NYSE:YUM)

Independent Advisor Alliance lowered its position in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,521 shares of the restaurant operator’s stock after selling 128 shares during the quarter. Independent Advisor Alliance’s holdings in Yum! Brands were worth $1,113,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. M&T Bank Corp increased its holdings in Yum! Brands by 0.6% in the 3rd quarter. M&T Bank Corp now owns 85,106 shares of the restaurant operator’s stock valued at $10,632,000 after purchasing an additional 497 shares in the last quarter. Olympiad Research LP acquired a new stake in shares of Yum! Brands in the third quarter valued at about $208,000. Duality Advisers LP purchased a new stake in shares of Yum! Brands during the 3rd quarter valued at about $1,598,000. Venturi Wealth Management LLC acquired a new position in Yum! Brands during the 3rd quarter worth approximately $203,000. Finally, Principal Financial Group Inc. boosted its holdings in Yum! Brands by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 367,893 shares of the restaurant operator’s stock worth $45,965,000 after acquiring an additional 984 shares during the period. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Paget Leonard Alves sold 6,309 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $136.19, for a total value of $859,222.71. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Yum! Brands news, CEO David W. Gibbs sold 7,067 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $136.34, for a total value of $963,514.78. Following the completion of the sale, the chief executive officer now directly owns 175,377 shares of the company’s stock, valued at $23,910,900.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paget Leonard Alves sold 6,309 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $136.19, for a total transaction of $859,222.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,527 shares of company stock valued at $3,772,112. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

Shares of NYSE YUM opened at $141.66 on Monday. The firm’s 50-day simple moving average is $138.05 and its 200 day simple moving average is $132.96. The stock has a market cap of $39.90 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.27 and a beta of 1.07. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUMGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.15 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $1.06 EPS. Yum! Brands’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.64 earnings per share for the current fiscal year.

Yum! Brands announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 15th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the restaurant operator to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.89%. Yum! Brands’s dividend payout ratio is 47.52%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on YUM. Citigroup reduced their target price on shares of Yum! Brands from $166.00 to $162.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Argus reissued a “hold” rating on shares of Yum! Brands in a research report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their target price on Yum! Brands from $134.00 to $132.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Barclays increased their price target on Yum! Brands from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Royal Bank of Canada cut their target price on Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, February 9th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Yum! Brands currently has a consensus rating of “Hold” and an average target price of $143.53.

View Our Latest Research Report on YUM

Yum! Brands 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.

See Also

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

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