The Tower Bridge Advisors Continues to Hold Position in Yum! Brands, Inc. (YUM)

The Tower Bridge Advisors Continues to Hold Position in Yum! Brands, Inc. (YUM)

Several other large investors also recently made changes to their positions in the stock. Hudock Capital Group LLC raised its position in shares of Yum! Brands by 0.3% in the third quarter. Hudock Capital Group LLC now owns 1,112 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 3 shares during the last quarter. Altfest L J & Co. Inc. raised its stake in shares of Yum! Brands by 0.3% in the third quarter. Altfest L J & Co. Inc. now owns 9,789 shares of the restaurant operator’s stock valued at $889,000 after buying an additional 27 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Yum! Brands by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 5,725 shares of the restaurant operator’s stock valued at $366,000 after buying an additional 28 shares in the last quarter. FTB Advisors Inc. raised its stake in shares of Yum! Brands by 1.0% in the first quarter. FTB Advisors Inc. now owns 3,260 shares of the restaurant operator’s stock valued at $208,000 after buying an additional 31 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of Yum! Brands by 0.5% in the first quarter. Kornitzer Capital Management Inc. KS now owns 10,800 shares of the restaurant operator’s stock valued at $690,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 73.31% of the company’s stock.

Tower Bridge Advisors held its stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,350 shares of the restaurant operator’s stock at the end of the first quarter. Tower Bridge Advisors’ holdings in Yum! Brands were worth $214,000 at the end of the most recent quarter.

Shares of Yum! Brands, Inc. (NYSE YUM) opened at 73.99 on Monday. Yum! Brands, Inc. has a 12 month low of $56.89 and a 12 month high of $74.28. The firm’s 50-day moving average price is $68.61 and its 200-day moving average price is $65.50. The company has a market capitalization of $25.77 billion, a price-to-earnings ratio of 18.63 and a beta of 0.76.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, May 3rd. The restaurant operator reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.05. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. Yum! Brands had a negative return on equity of 75.96% and a net margin of 14.76%. Yum! Brands’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS. Equities research analysts expect that Yum! Brands, Inc. will post $2.77 EPS for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.62%. Yum! Brands’s payout ratio is 29.93%.

YUM has been the subject of several recent research reports. Jefferies Group LLC boosted their price objective on Yum! Brands to $66.00 in a research report on Friday, February 10th. Barclays PLC increased their price objective on Yum! Brands to $70.00 in a report on Friday, February 10th. Sanford C. Bernstein set a $78.00 price objective on Yum! Brands and gave the stock a “buy” rating in a report on Saturday, February 11th. Stifel Nicolaus increased their price objective on Yum! Brands from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 10th. Finally, Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Wednesday, April 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $77.84. In related news, CFO David W. Gibbs sold 8,125 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $68.83, for a total transaction of $559,243.75. Following the completion of the sale, the chief financial officer now directly owns 39,181 shares of the company’s stock, valued at approximately $2,696,828.23. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 1,471 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total transaction of $106,853.44. Following the sale, the chief executive officer now directly owns 6,712 shares of the company’s stock, valued at $487,559.68. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.

About Yum! Brands YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “YUM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Yum! Brands Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Yum! Brands Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment