Marathon Trading Investment Management LLC bought a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 4,200 shares of the restaurant operator’s stock, valued at approximately $268,000.
Other hedge funds have also bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its stake in Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 512 shares in the last quarter. Coconut Grove Bank boosted its stake in Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock valued at $119,000 after buying an additional 850 shares in the last quarter. Independent Advisor Alliance purchased a new position in shares of Yum! Brands during the fourth quarter valued at about $121,000. Bartlett & Co. LLC boosted its position in shares of Yum! Brands by 3.6% in the first quarter. Bartlett & Co. LLC now owns 1,992 shares of the restaurant operator’s stock valued at $127,000 after buying an additional 70 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Yum! Brands by 5.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock valued at $130,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 73.55% of the company’s stock.
Yum! Brands, Inc. (YUM) traded down 0.81% during trading on Friday, reaching $75.00. The company’s stock had a trading volume of 2,050,445 shares. Yum! Brands, Inc. has a 52 week low of $59.57 and a 52 week high of $91.99. The company’s 50 day moving average price is $73.84 and its 200 day moving average price is $68.40. The company has a market cap of $26.12 billion, a P/E ratio of 18.89 and a beta of 0.82.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, May 3rd. The restaurant operator reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.05. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. Yum! Brands had a net margin of 15.44% and a negative return on equity of 37.63%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS. On average, equities analysts anticipate that Yum! Brands, Inc. will post $2.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Investors of record on Friday, July 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Wednesday, July 12th. Yum! Brands’s payout ratio is presently 31.17%.
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YUM has been the topic of several research analyst reports. Citigroup Inc. lifted their price target on Yum! Brands from $67.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, April 11th. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Wednesday, April 12th. BMO Capital Markets initiated coverage on Yum! Brands in a research report on Friday, April 21st. They set a “market perform” rating and a $66.00 price target on the stock. Cowen and Company reiterated an “outperform” rating and set a $75.00 price target on shares of Yum! Brands in a research report on Tuesday, April 25th. Finally, Royal Bank Of Canada lifted their price target on Yum! Brands from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Fifteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $77.41.
In other news, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the transaction, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David W. Gibbs sold 8,125 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $68.83, for a total transaction of $559,243.75. Following the transaction, the chief financial officer now owns 39,181 shares of the company’s stock, valued at $2,696,828.23. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,083 shares of company stock valued at $775,868. Company insiders own 7.38% of the company’s stock.
Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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