Central Pacific Bank Trust Division Makes New $861,000 Investment in Yum! Brands, Inc. (NYSE:YUM)

Central Pacific Bank Trust Division acquired a new stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,128 shares of the restaurant operator's stock, valued at approximately $861,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YUM. Vanguard Group Inc. increased its position in Yum! Brands by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 23,405,452 shares of the restaurant operator's stock valued at $3,058,156,000 after buying an additional 373,232 shares in the last quarter. Capital World Investors lifted its stake in Yum! Brands by 4.9% in the fourth quarter. Capital World Investors now owns 14,650,728 shares of the restaurant operator's stock valued at $1,914,257,000 after purchasing an additional 678,659 shares during the last quarter. Norges Bank purchased a new position in Yum! Brands in the fourth quarter valued at approximately $331,831,000. TD Asset Management Inc lifted its position in shares of Yum! Brands by 55.8% during the fourth quarter. TD Asset Management Inc now owns 1,592,259 shares of the restaurant operator's stock worth $208,045,000 after acquiring an additional 570,263 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Yum! Brands by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,555,012 shares of the restaurant operator's stock worth $203,178,000 after acquiring an additional 33,501 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Price Performance

Shares of Yum! Brands stock traded down $1.26 during trading hours on Tuesday, hitting $126.68. The company had a trading volume of 1,709,411 shares, compared to its average volume of 1,987,101. The company's 50-day moving average is $136.08 and its two-hundred day moving average is $135.08. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.20. The company has a market cap of $35.68 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.09 and a beta of 1.07.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.15 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.05). The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. Sell-side analysts expect that Yum! Brands, Inc. will post 5.64 EPS for the current year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 28th were given a $0.67 dividend. The ex-dividend date was Friday, May 24th. This represents a $2.68 annualized dividend and a dividend yield of 2.12%. Yum! Brands's dividend payout ratio is presently 47.52%.

Yum! Brands announced that its board has initiated a stock buyback program on Wednesday, May 15th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on YUM. Argus reissued a "hold" rating on shares of Yum! Brands in a research note on Wednesday, April 10th. Barclays raised their price objective on shares of Yum! Brands from $144.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, May 2nd. TD Cowen reaffirmed a "buy" rating and set a $156.00 target price on shares of Yum! Brands in a research note on Thursday, June 13th. Citigroup reduced their price target on shares of Yum! Brands from $166.00 to $162.00 and set a "buy" rating for the company in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Yum! Brands from $132.00 to $140.00 and gave the stock a "neutral" rating in a research report on Monday, June 3rd. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Yum! Brands presently has an average rating of "Hold" and a consensus target price of $144.33.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,078 shares of Yum! Brands stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $138.37, for a total transaction of $979,382.86. Following the sale, the chief executive officer now owns 172,128 shares in the company, valued at $23,817,351.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 7,078 shares of Yum! Brands stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the transaction, the chief executive officer now owns 172,128 shares of the company's stock, valued at $23,817,351.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott Catlett sold 5,994 shares of Yum! Brands stock in a transaction on Friday, May 17th. The stock was sold at an average price of $141.50, for a total transaction of $848,151.00. Following the completion of the transaction, the insider now directly owns 34,889 shares of the company's stock, valued at approximately $4,936,793.50. The disclosure for this sale can be found here. Insiders have sold a total of 33,515 shares of company stock valued at $4,620,080 over the last ninety days. Corporate insiders own 0.31% of the company's stock.

About Yum! Brands

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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