Yum! Brands, Inc. (NYSE:YUM) Stock Position Raised by Morningstar Investment Services LLC

Morningstar Investment Services LLC increased its holdings in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 126.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,154 shares of the restaurant operator’s stock after acquiring an additional 2,316 shares during the quarter. Morningstar Investment Services LLC’s holdings in Yum! Brands were worth $542,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of YUM. Global Retirement Partners LLC lifted its position in shares of Yum! Brands by 14.1% in the 4th quarter. Global Retirement Partners LLC now owns 631 shares of the restaurant operator’s stock valued at $82,000 after acquiring an additional 78 shares in the last quarter. Calamos Wealth Management LLC lifted its holdings in shares of Yum! Brands by 5.0% in the fourth quarter. Calamos Wealth Management LLC now owns 1,692 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 80 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Yum! Brands by 1.0% in the fourth quarter. Perigon Wealth Management LLC now owns 8,003 shares of the restaurant operator’s stock worth $1,046,000 after buying an additional 81 shares during the period. Claro Advisors LLC grew its holdings in shares of Yum! Brands by 0.9% during the fourth quarter. Claro Advisors LLC now owns 8,847 shares of the restaurant operator’s stock valued at $1,156,000 after buying an additional 83 shares in the last quarter. Finally, Addison Advisors LLC raised its position in Yum! Brands by 5.2% during the fourth quarter. Addison Advisors LLC now owns 1,701 shares of the restaurant operator’s stock valued at $222,000 after buying an additional 84 shares during the period. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Trading Down 0.6 %

Shares of YUM stock opened at $140.01 on Friday. Yum! Brands, Inc. has a 12 month low of $115.53 and a 12 month high of $143.20. The company has a market capitalization of $39.43 billion, a P/E ratio of 24.82, a P/E/G ratio of 2.28 and a beta of 1.08. The stock has a 50 day moving average of $138.36 and a two-hundred day moving average of $134.13.

Yum! Brands (NYSE:YUMGet Free Report) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.05). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $1.06 earnings per share. Sell-side analysts predict 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 authorized a share repurchase plan on Wednesday, May 15th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the restaurant operator to buy up to 5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were issued a $0.67 dividend. The ex-dividend date was Friday, May 24th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.91%. Yum! Brands’s payout ratio is presently 47.52%.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 7,078 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $138.37, for a total transaction of $979,382.86. Following the completion of the sale, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Yum! Brands news, insider Scott Catlett sold 5,994 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $141.50, for a total transaction of $848,151.00. Following the sale, the insider now owns 34,889 shares of the company’s stock, valued at approximately $4,936,793.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $138.37, for a total transaction of $979,382.86. Following the completion of the sale, the chief executive officer now owns 172,128 shares of the company’s stock, valued at approximately $23,817,351.36. The disclosure for this sale can be found here. Insiders have sold 33,521 shares of company stock worth $4,620,263 over the last three months. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on YUM shares. JPMorgan Chase & Co. lifted their target price on Yum! Brands from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. BMO Capital Markets upped their price objective on shares of Yum! Brands from $133.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Argus reissued a “hold” rating on shares of Yum! Brands in a research note on Wednesday, April 10th. Royal Bank of Canada lowered their price target on Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday, February 9th. Finally, Citigroup dropped their price target on shares of Yum! Brands from $166.00 to $162.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $143.80.

Read Our Latest Stock Analysis on YUM

About Yum! Brands

(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.

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

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