HL Financial Services LLC decreased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,813 shares of the restaurant operator’s stock after selling 5,283 shares during the period. HL Financial Services LLC’s holdings in Yum! Brands were worth $2,924,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in YUM. JNBA Financial Advisors grew its stake in shares of Yum! Brands by 54.0% in the 4th quarter. JNBA Financial Advisors now owns 462 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 162 shares in the last quarter. Reilly Financial Advisors LLC grew its stake in shares of Yum! Brands by 71.4% in the 4th quarter. Reilly Financial Advisors LLC now owns 480 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 200 shares in the last quarter. Ipswich Investment Management Co. Inc. bought a new stake in shares of Yum! Brands in the 4th quarter worth $46,000. Essex Savings Bank bought a new stake in shares of Yum! Brands in the 4th quarter worth $50,000. Finally, First Command Bank grew its stake in shares of Yum! Brands by 63.0% in the 4th quarter. First Command Bank now owns 621 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 72.49% of the company’s stock.
In other Yum! Brands news, Director Tanya L. Domier bought 2,652 shares of the business’s stock in a transaction on Friday, February 8th. The stock was purchased at an average price of $94.23 per share, for a total transaction of $249,897.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David W. Gibbs sold 6,410 shares of the stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $89.93, for a total transaction of $576,451.30. Following the transaction, the chief financial officer now owns 47,689 shares of the company’s stock, valued at approximately $4,288,671.77. The disclosure for this sale can be found here. Insiders have sold 105,727 shares of company stock valued at $9,913,501 in the last quarter. Company insiders own 0.63% of the company’s stock.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Monday, February 11th. BMO Capital Markets increased their price target on shares of Yum! Brands to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 8th. Cowen restated a “buy” rating and set a $100.00 price target on shares of Yum! Brands in a research report on Sunday, December 2nd. Finally, Goldman Sachs Group lowered shares of Yum! Brands from a “neutral” rating to a “sell” rating and reduced their price target for the company from $83.00 to $76.00 in a research report on Friday, January 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $93.46.
YUM opened at $98.98 on Friday. The stock has a market cap of $30.14 billion, a P/E ratio of 31.22, a P/E/G ratio of 2.02 and a beta of 0.55. Yum! Brands, Inc. has a fifty-two week low of $77.09 and a fifty-two week high of $98.99.
Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.57). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.57 billion. Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. Yum! Brands’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. On average, equities analysts forecast that Yum! Brands, Inc. will post 3.8 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 14th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Wednesday, February 13th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.36. Yum! Brands’s dividend payout ratio (DPR) is currently 53.00%.
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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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