Heritage Trust Co reduced its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,376 shares of the restaurant operator’s stock after selling 134 shares during the quarter. Heritage Trust Co’s holdings in Yum! Brands were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in YUM. Magellan Asset Management Ltd lifted its holdings in Yum! Brands by 28.1% during the 4th quarter. Magellan Asset Management Ltd now owns 20,434,152 shares of the restaurant operator’s stock worth $2,058,332,000 after purchasing an additional 4,480,897 shares during the last quarter. Norges Bank purchased a new stake in shares of Yum! Brands during the fourth quarter worth $296,913,000. Sustainable Growth Advisers LP lifted its position in shares of Yum! Brands by 22.8% during the fourth quarter. Sustainable Growth Advisers LP now owns 5,332,769 shares of the restaurant operator’s stock worth $537,170,000 after acquiring an additional 991,076 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Yum! Brands by 33.3% during the first quarter. Victory Capital Management Inc. now owns 2,455,207 shares of the restaurant operator’s stock worth $168,255,000 after acquiring an additional 612,656 shares in the last quarter. Finally, Ardevora Asset Management LLP purchased a new stake in shares of Yum! Brands during the first quarter worth $38,516,000. 74.59% of the stock is owned by institutional investors and hedge funds.
In other Yum! Brands news, CEO David W. Gibbs sold 4,737 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $65.00, for a total value of $307,905.00. Following the completion of the sale, the chief executive officer now owns 80,335 shares in the company, valued at approximately $5,221,775. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David W. Gibbs sold 5,424 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $84.39, for a total value of $457,731.36. Following the completion of the sale, the chief executive officer now owns 80,335 shares of the company’s stock, valued at approximately $6,779,470.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,421 shares of company stock worth $1,123,093. 0.72% of the stock is owned by insiders.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). Yum! Brands had a negative return on equity of 12.97% and a net margin of 19.89%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business posted $0.82 earnings per share. Yum! Brands’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts forecast that Yum! Brands, Inc. will post 2.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a $0.47 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.88 dividend on an annualized basis and a yield of 2.15%. Yum! Brands’s dividend payout ratio is currently 52.96%.
A number of equities research analysts recently issued reports on YUM shares. CSFB increased their price objective on Yum! Brands from $79.00 to $84.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Evercore ISI reissued a “buy” rating and issued a $121.00 target price on shares of Yum! Brands in a research note on Sunday, February 9th. Oppenheimer lowered their price objective on shares of Yum! Brands from $116.00 to $93.00 in a report on Thursday, March 26th. Credit Suisse Group raised their price objective on shares of Yum! Brands from $79.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Cfra lowered their target price on shares of Yum! Brands from $110.00 to $94.00 and set a “hold” rating for the company in a report on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $99.52.
Yum! Brands Company Profile
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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