Bristol John W & Co. Inc. NY decreased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 784,236 shares of the restaurant operator’s stock after selling 8,794 shares during the quarter. Yum! Brands makes up 1.9% of Bristol John W & Co. Inc. NY’s investment portfolio, making the stock its 29th biggest holding. Bristol John W & Co. Inc. NY owned approximately 0.25% of Yum! Brands worth $71,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Stock Yards Bank & Trust Co. increased its holdings in shares of Yum! Brands by 3.1% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 20,082 shares of the restaurant operator’s stock valued at $1,826,000 after acquiring an additional 603 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Yum! Brands by 88.1% in the 2nd quarter. WINTON GROUP Ltd now owns 196,475 shares of the restaurant operator’s stock valued at $15,368,000 after acquiring an additional 92,002 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Yum! Brands by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,227,054 shares of the restaurant operator’s stock valued at $95,981,000 after acquiring an additional 13,855 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Yum! Brands in the 2nd quarter valued at about $477,000. Finally, NorthCoast Asset Management LLC increased its holdings in shares of Yum! Brands by 189.2% in the 2nd quarter. NorthCoast Asset Management LLC now owns 22,873 shares of the restaurant operator’s stock valued at $1,789,000 after acquiring an additional 14,963 shares during the last quarter. Institutional investors own 71.08% of the company’s stock.
In other Yum! Brands news, VP David Eric Russell sold 7,340 shares of the stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $90.00, for a total transaction of $660,600.00. Following the completion of the sale, the vice president now directly owns 25,960 shares of the company’s stock, valued at approximately $2,336,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 6,366 shares of the stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $87.87, for a total value of $559,380.42. Following the sale, the chief financial officer now directly owns 47,764 shares of the company’s stock, valued at $4,197,022.68. The disclosure for this sale can be found here. Insiders have sold a total of 20,075 shares of company stock valued at $1,779,370 over the last ninety days. 0.63% of the stock is owned by insiders.
Shares of NYSE YUM opened at $87.90 on Wednesday. The stock has a market capitalization of $27.58 billion, a P/E ratio of 29.70, a PEG ratio of 1.85 and a beta of 0.85. Yum! Brands, Inc. has a 52-week low of $75.88 and a 52-week high of $92.21.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Yum! Brands had a negative return on equity of 17.89% and a net margin of 28.81%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm earned $0.68 EPS. The business’s revenue was down 3.1% on a year-over-year basis. Research analysts anticipate that Yum! Brands, Inc. will post 3.68 earnings per share for the current year.
Yum! Brands announced that its board has authorized a share repurchase program on Friday, August 10th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the restaurant operator to purchase up to 7.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
A number of research analysts have recently commented on YUM shares. UBS Group set a $99.00 price objective on Yum! Brands and gave the company a “buy” rating in a report on Monday, September 10th. BMO Capital Markets reiterated a “hold” rating and issued a $88.00 price objective on shares of Yum! Brands in a report on Friday, August 3rd. Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. KeyCorp started coverage on Yum! Brands in a report on Wednesday, October 3rd. They issued a “sector weight” rating on the stock. Finally, Robert W. Baird increased their price objective on Yum! Brands from $94.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Yum! Brands currently has a consensus rating of “Hold” and a consensus target price of $91.00.
About Yum! Brands
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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