Bard Financial Services Inc. purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,105 shares of the restaurant operator's stock, valued at approximately $713,000.
Other hedge funds have also bought and sold shares of the company. Safe Harbor Fiduciary LLC bought a new position in Yum! Brands during the third quarter worth about $29,000. DiNuzzo Private Wealth Inc. increased its position in Yum! Brands by 957.1% during the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator's stock worth $31,000 after acquiring an additional 201 shares during the period. Meeder Asset Management Inc. increased its holdings in Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator's stock valued at $36,000 after buying an additional 82 shares during the period. Kimelman & Baird LLC bought a new position in Yum! Brands in the 2nd quarter valued at about $37,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Yum! Brands by 3,088.9% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator's stock valued at $38,000 after buying an additional 278 shares during the period. 82.37% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
YUM has been the topic of several recent analyst reports. Redburn Atlantic lowered shares of Yum! Brands from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Yum! Brands from $147.00 to $145.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. TD Cowen reissued a "hold" rating and issued a $145.00 target price on shares of Yum! Brands in a report on Wednesday, November 6th. Loop Capital decreased their target price on shares of Yum! Brands from $143.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Yum! Brands has an average rating of "Hold" and a consensus price target of $145.94.
View Our Latest Stock Analysis on Yum! Brands
Insider Buying and Selling
In other news, CEO David W. Gibbs sold 7,059 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the transaction, the chief executive officer now owns 149,385 shares in the company, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 21,069 shares of company stock worth $2,842,965 in the last ninety days. Company insiders own 0.31% of the company's stock.
Yum! Brands Trading Down 0.5 %
NYSE:YUM traded down $0.75 during mid-day trading on Thursday, hitting $137.79. 484,266 shares of the company's stock were exchanged, compared to its average volume of 1,912,967. The company has a 50 day simple moving average of $135.41 and a 200-day simple moving average of $134.48. Yum! Brands, Inc. has a fifty-two week low of $124.76 and a fifty-two week high of $143.20. The firm has a market capitalization of $38.45 billion, a P/E ratio of 25.90, a PEG ratio of 2.39 and a beta of 1.10.
Yum! Brands (NYSE:YUM - Get Free Report) last posted its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The firm's quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts expect that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.
Yum! Brands Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.68 annualized dividend and a yield of 1.94%. Yum! Brands's dividend payout ratio is presently 50.09%.
Yum! Brands Company 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.
Recommended Stories
Before you consider Yum! Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Yum! Brands wasn't on the list.
While Yum! Brands currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.