Morningstar Investment Services LLC Purchases 2,316 Shares of Yum! Brands, Inc. (NYSE:YUM)

Morningstar Investment Services LLC raised its holdings in Yum! Brands, Inc. (NYSE:YUMFree Report) by 126.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,154 shares of the restaurant operator’s stock after buying an additional 2,316 shares during the period. Morningstar Investment Services LLC’s holdings in Yum! Brands were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in YUM. Naples Money Management LLC bought a new position in Yum! Brands in the 4th quarter valued at about $26,000. Bfsg LLC bought a new position in shares of Yum! Brands in the fourth quarter valued at approximately $26,000. Fortitude Family Office LLC purchased a new position in shares of Yum! Brands during the fourth quarter valued at approximately $27,000. Bruce G. Allen Investments LLC bought a new stake in Yum! Brands during the fourth quarter worth $34,000. Finally, DB Wealth Management Group LLC purchased a new stake in Yum! Brands in the 3rd quarter valued at $43,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on YUM shares. Argus reaffirmed a “hold” rating on shares of Yum! Brands in a report on Wednesday, April 10th. Guggenheim lifted their target price on shares of Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. BMO Capital Markets increased their price target on Yum! Brands from $133.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. boosted their price objective on Yum! Brands from $132.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Finally, Citigroup lowered their target price on Yum! Brands from $166.00 to $162.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $143.80.

Get Our Latest Stock Analysis on Yum! Brands

Yum! Brands Stock Down 0.6 %

YUM stock opened at $140.01 on Friday. The stock has a 50-day simple moving average of $138.36 and a two-hundred day simple moving average of $134.13. The firm has a market capitalization of $39.43 billion, a PE ratio of 24.82, a PEG ratio of 2.28 and a beta of 1.08. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.20.

Yum! Brands (NYSE:YUMGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.05). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.64 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 28th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, May 24th. Yum! Brands’s dividend payout ratio is currently 47.52%.

Yum! Brands announced that its board has approved a share buyback plan on Wednesday, May 15th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the restaurant operator to repurchase up to 5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Yum! Brands

In other Yum! Brands news, insider Scott Catlett sold 5,994 shares of Yum! Brands stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $141.50, for a total transaction of $848,151.00. Following the completion of the sale, the insider now owns 34,889 shares of the company’s stock, valued at $4,936,793.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Scott Catlett sold 5,994 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $141.50, for a total value of $848,151.00. Following the completion of the sale, the insider now owns 34,889 shares of the company’s stock, valued at approximately $4,936,793.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,078 shares of Yum! Brands stock in a transaction on Monday, April 15th. The stock was sold at an average price of $138.37, for a total transaction of $979,382.86. Following the completion of the transaction, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The disclosure for this sale can be found here. Insiders have sold a total of 33,521 shares of company stock valued at $4,620,263 over the last 90 days. 0.31% of the stock is owned by insiders.

About Yum! Brands

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also 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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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