Raymond James Trust N.A. increased its position in Yum! Brands, Inc. (NYSE:YUM) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,611 shares of the restaurant operator’s stock after acquiring an additional 1,268 shares during the period. Raymond James Trust N.A.’s holdings in Yum! Brands were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Athena Capital Advisors LLC acquired a new stake in Yum! Brands during the 4th quarter worth about $25,000. Bogart Wealth LLC grew its position in Yum! Brands by 70.0% during the 1st quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 140 shares during the period. Sontag Advisory LLC acquired a new stake in Yum! Brands during the 4th quarter worth about $41,000. JNBA Financial Advisors grew its position in Yum! Brands by 54.0% during the 4th quarter. JNBA Financial Advisors now owns 462 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 162 shares during the period. Finally, Reilly Financial Advisors LLC grew its position in Yum! Brands by 71.4% during the 4th quarter. Reilly Financial Advisors LLC now owns 480 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 200 shares during the period. Institutional investors own 75.01% of the company’s stock.
NYSE:YUM opened at $101.63 on Wednesday. Yum! Brands, Inc. has a 52 week low of $77.09 and a 52 week high of $102.16. The stock has a market cap of $31.09 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.09 and a beta of 0.55.
Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, February 7th. The restaurant operator reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.57). The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.57 billion. Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. Yum! Brands’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. Analysts predict that Yum! Brands, Inc. will post 3.81 earnings per share for the current fiscal year.
In related news, VP David Eric Russell sold 5,872 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.00, for a total value of $587,200.00. Following the transaction, the vice president now directly owns 23,653 shares of the company’s stock, valued at approximately $2,365,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tanya L. Domier purchased 2,652 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The stock was bought at an average cost of $94.23 per share, for a total transaction of $249,897.96. The disclosure for this purchase can be found here. Insiders sold a total of 98,922 shares of company stock worth $9,384,824 over the last ninety days. 0.63% of the stock is currently owned by corporate insiders.
Several equities research analysts have weighed in on YUM shares. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research report on Tuesday, March 26th. BMO Capital Markets increased their price target on Yum! Brands to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 8th. Goldman Sachs Group downgraded Yum! Brands from a “neutral” rating to a “sell” rating and cut their price target for the stock from $83.00 to $76.00 in a research report on Friday, January 11th. Citigroup cut their price target on Yum! Brands from $104.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, April 4th. Finally, Mizuho downgraded Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $95.21.
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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.
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