Moors & Cabot Inc. grew its stake in Yum! Brands, Inc. (NYSE:YUM) by 97.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,190 shares of the restaurant operator’s stock after acquiring an additional 6,495 shares during the quarter. Moors & Cabot Inc.’s holdings in Yum! Brands were worth $1,320,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of YUM. Rossmore Private Capital boosted its holdings in Yum! Brands by 2.5% during the 1st quarter. Rossmore Private Capital now owns 4,711 shares of the restaurant operator’s stock valued at $470,000 after acquiring an additional 115 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in Yum! Brands by 5.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 2,174 shares of the restaurant operator’s stock valued at $200,000 after acquiring an additional 117 shares during the period. Stock Yards Bank & Trust Co. boosted its holdings in Yum! Brands by 0.6% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 20,202 shares of the restaurant operator’s stock valued at $1,857,000 after acquiring an additional 120 shares during the period. Kaizen Advisory LLC boosted its stake in shares of Yum! Brands by 16.0% in the 4th quarter. Kaizen Advisory LLC now owns 898 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 124 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in shares of Yum! Brands by 2.6% in the 1st quarter. Wedbush Securities Inc. now owns 5,166 shares of the restaurant operator’s stock valued at $516,000 after buying an additional 133 shares during the period. 74.94% of the stock is owned by institutional investors and hedge funds.
YUM traded down $0.15 during trading on Wednesday, hitting $99.65. 969,047 shares of the stock were exchanged, compared to its average volume of 1,710,654. The firm has a market cap of $30.90 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 2.16 and a beta of 0.56. Yum! Brands, Inc. has a 1-year low of $77.09 and a 1-year high of $104.47.
Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The firm’s revenue was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. On average, sell-side analysts predict that Yum! Brands, Inc. will post 3.81 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 16th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, May 15th. Yum! Brands’s payout ratio is currently 53.00%.
Several brokerages have recently issued reports on YUM. Citigroup lifted their price objective on Yum! Brands from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. BTIG Research lifted their price objective on Yum! Brands to $114.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. UBS Group lifted their price objective on Yum! Brands from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird reiterated an “outperform” rating and issued a $112.00 price objective on shares of Yum! Brands in a research note on Monday, April 29th. Finally, Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Yum! Brands currently has an average rating of “Hold” and an average price target of $99.42.
In related news, CFO David W. Gibbs sold 1,537 shares of Yum! Brands stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $101.49, for a total value of $155,990.13. Following the sale, the chief financial officer now directly owns 43,516 shares in the company, valued at $4,416,438.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert D. Walter sold 2,780 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $100.61, for a total value of $279,695.80. Following the sale, the director now owns 3,629 shares in the company, valued at $365,113.69. The disclosure for this sale can be found here. In the last three months, insiders sold 13,251 shares of company stock worth $1,328,764. Corporate insiders own 0.67% of the company’s stock.
Yum! Brands 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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