MANA Advisors LLC bought a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) in the 1st quarter, Holdings Channel reports. The institutional investor bought 2,557 shares of the restaurant operator’s stock, valued at approximately $218,000.
Other institutional investors have also modified their holdings of the company. Calton & Associates Inc. bought a new stake in shares of Yum! Brands during the 4th quarter valued at $102,000. Trustcore Financial Services LLC bought a new stake in shares of Yum! Brands in the 4th quarter valued at $118,000. Signaturefd LLC bought a new stake in shares of Yum! Brands in the 1st quarter valued at $145,000. Aevitas Wealth Management Inc. bought a new stake in shares of Yum! Brands in the 4th quarter valued at $139,000. Finally, Advisory Services Network LLC increased its position in shares of Yum! Brands by 54.2% in the 4th quarter. Advisory Services Network LLC now owns 1,921 shares of the restaurant operator’s stock valued at $157,000 after buying an additional 675 shares in the last quarter. Institutional investors own 74.21% of the company’s stock.
In other news, CEO Roger G. Eaton sold 61,683 shares of the stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $83.26, for a total transaction of $5,135,726.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.63% of the company’s stock.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, May 2nd. The restaurant operator reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.22. Yum! Brands had a net margin of 25.60% and a negative return on equity of 17.70%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. sell-side analysts expect that Yum! Brands, Inc. will post 3.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Wednesday, May 16th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, May 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.74%. Yum! Brands’s dividend payout ratio is 48.65%.
A number of analysts recently commented on the stock. OTR Global upgraded shares of Yum! Brands to a “positive” rating in a research report on Thursday, April 26th. Stifel Nicolaus upped their price objective on shares of Yum! Brands from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, April 18th. Mizuho set a $82.00 price objective on shares of Yum! Brands and gave the company a “hold” rating in a research report on Wednesday, April 4th. ValuEngine upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Morgan Stanley upped their price objective on shares of Yum! Brands from $91.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday, March 26th. Eleven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Yum! Brands has an average rating of “Buy” and a consensus target price of $86.05.
About Yum! Brands
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.
Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM).
Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.