Legacy Wealth Asset Management LLC acquired a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,096 shares of the restaurant operator’s stock, valued at approximately $770,000.
Other large investors have also added to or reduced their stakes in the company. Vectors Research Management LLC bought a new stake in Yum! Brands in the 4th quarter valued at approximately $26,000. Reby Advisors LLC bought a new stake in Yum! Brands in the 4th quarter valued at approximately $26,000. Perennial Advisors LLC bought a new stake in shares of Yum! Brands during the 4th quarter worth approximately $28,000. Ellevest Inc. raised its stake in shares of Yum! Brands by 175.8% during the 4th quarter. Ellevest Inc. now owns 273 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 174 shares in the last quarter. Finally, Childress Capital Advisors LLC bought a new stake in shares of Yum! Brands during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 75.22% of the company’s stock.
In other Yum! Brands news, CEO David W. Gibbs sold 1,282 shares of the firm’s stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $108.00, for a total value of $138,456.00. Following the completion of the sale, the chief executive officer now owns 22,256 shares of the company’s stock, valued at $2,403,648. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 2,540 shares of the firm’s stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $107.52, for a total value of $273,100.80. Following the completion of the sale, the chief executive officer now directly owns 14,145 shares of the company’s stock, valued at approximately $1,520,870.40. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, February 3rd. The restaurant operator reported $1.15 EPS for the quarter, topping the consensus estimate of $1.01 by $0.14. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Yum! Brands, Inc. will post 3.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 12th. Investors of record on Friday, February 12th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, February 11th. This represents a $2.00 annualized dividend and a yield of 1.75%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.47. Yum! Brands’s dividend payout ratio (DPR) is currently 56.34%.
A number of equities research analysts have recently issued reports on YUM shares. The Goldman Sachs Group started coverage on Yum! Brands in a research note on Tuesday, January 19th. They set a “sell” rating and a $103.00 price objective on the stock. Morgan Stanley upped their price objective on Yum! Brands from $119.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 19th. Wells Fargo & Company upgraded Yum! Brands from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $109.00 to $125.00 in a research note on Thursday, December 17th. Atlantic Securities assumed coverage on Yum! Brands in a report on Tuesday. They issued a “neutral” rating and a $118.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Yum! Brands from $107.00 to $113.00 and gave the company a “buy” rating in a report on Friday, February 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $104.11.
Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Pizza Hut Division, the Taco Bell Division, and the Habit Burger Grill Division. The company 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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