Trust Co. of Toledo NA OH Acquires 4,376 Shares of Yum! Brands, Inc. $YUM
by Tristan Rich · The Markets DailyTrust Co. of Toledo NA OH grew its holdings in shares of Yum! Brands, Inc. (NYSE:YUM – Free Report) by 119.3% in the 4th quarter, Holdings Channel reports. The fund owned 8,045 shares of the restaurant operator’s stock after buying an additional 4,376 shares during the period. Trust Co. of Toledo NA OH’s holdings in Yum! Brands were worth $1,217,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in YUM. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Yum! Brands by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 695,059 shares of the restaurant operator’s stock valued at $105,649,000 after acquiring an additional 8,888 shares in the last quarter. Amundi increased its holdings in Yum! Brands by 115.8% in the 2nd quarter. Amundi now owns 1,311,849 shares of the restaurant operator’s stock worth $197,013,000 after purchasing an additional 703,891 shares in the last quarter. Retirement Systems of Alabama raised its position in Yum! Brands by 19.7% in the third quarter. Retirement Systems of Alabama now owns 347,395 shares of the restaurant operator’s stock valued at $52,804,000 after purchasing an additional 57,112 shares during the last quarter. Invesco Ltd. raised its position in Yum! Brands by 34.3% in the second quarter. Invesco Ltd. now owns 2,789,728 shares of the restaurant operator’s stock valued at $413,382,000 after purchasing an additional 713,167 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Yum! Brands by 4.5% during the third quarter. Envestnet Asset Management Inc. now owns 267,162 shares of the restaurant operator’s stock valued at $40,609,000 after purchasing an additional 11,532 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.
Yum! Brands Stock Up 0.0%
YUM opened at $156.10 on Friday. Yum! Brands, Inc. has a twelve month low of $137.33 and a twelve month high of $169.39. The company has a fifty day moving average of $159.38 and a 200-day moving average of $152.98. The stock has a market cap of $43.15 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 2.19 and a beta of 0.66.
Yum! Brands (NYSE:YUM – Get Free Report) last released its earnings results on Wednesday, February 4th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.03). The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.45 billion. Yum! Brands had a net margin of 18.98% and a negative return on equity of 22.42%. Yum! Brands’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 EPS. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.
Yum! Brands Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 20th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.71. Yum! Brands’s dividend payout ratio (DPR) is presently 54.05%.
Insider Activity at Yum! Brands
In related news, CEO Christopher Lee Turner sold 242 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $166.02, for a total transaction of $40,176.84. Following the sale, the chief executive officer owned 65,297 shares in the company, valued at $10,840,607.94. This represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Mezvinsky sold 284 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $166.02, for a total value of $47,149.68. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,138 shares of company stock worth $2,289,990 in the last 90 days. Corporate insiders own 0.33% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Yum! Brands from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. UBS Group reiterated a “buy” rating and set a $180.00 target price on shares of Yum! Brands in a research report on Monday, February 2nd. Guggenheim restated a “buy” rating and issued a $180.00 price target on shares of Yum! Brands in a research report on Thursday, February 12th. Morgan Stanley raised their price target on shares of Yum! Brands from $165.00 to $176.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 20th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $165.00 price target on shares of Yum! Brands in a report on Thursday, February 5th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.50.
View Our Latest Analysis on YUM
Yum! Brands Company Profile
Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.
The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.
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