Yum Brands Inc. (YUM) Shares Bought by Benedict Financial Advisors Inc.
Benedict Financial Advisors Inc. boosted its stake in Yum Brands Inc. (NYSE:YUM) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,555 shares of the restaurant operator’s stock after buying an additional 7 shares during the period. Benedict Financial Advisors Inc.’s holdings in Yum Brands were worth $297,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Zions Bancorporation boosted its stake in shares of Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 220 shares during the last quarter. Vigilant Capital Management LLC boosted its stake in shares of Yum Brands by 5.9% in the second quarter. Vigilant Capital Management LLC now owns 1,694 shares of the restaurant operator’s stock valued at $140,000 after buying an additional 94 shares during the last quarter. Washington Trust Bank boosted its stake in shares of Yum Brands by 1.4% in the second quarter. Washington Trust Bank now owns 2,002 shares of the restaurant operator’s stock valued at $166,000 after buying an additional 28 shares during the last quarter. Hartford Financial Management Inc. bought a new stake in shares of Yum Brands during the second quarter valued at about $177,000. Finally, Kistler Tiffany Companies LLC boosted its stake in shares of Yum Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,246 shares of the restaurant operator’s stock valued at $186,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.
Yum Brands Inc. (NYSE:YUM) traded up 0.12% on Monday, reaching $90.92. The company had a trading volume of 3,188,992 shares. The firm has a market capitalization of $35.45 billion, a PE ratio of 27.40 and a beta of 0.76. The stock has a 50 day moving average of $89.66 and a 200 day moving average of $85.08. Yum Brands Inc. has a 12 month low of $64.58 and a 12 month high of $91.99.
Yum Brands (NYSE:YUM) last issued its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. The company earned $3.01 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year. On average, analysts anticipate that Yum Brands Inc. will post $3.69 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be given a $0.51 dividend. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, October 17th. This represents a $2.04 annualized dividend and a dividend yield of 2.24%. Yum Brands’s dividend payout ratio is presently 55.42%.
Several analysts have issued reports on the company. Credit Suisse Group AG restated a “neutral” rating and issued a $84.00 target price on shares of Yum Brands in a report on Thursday, July 14th. Sanford C. Bernstein restated an “outperform” rating and issued a $97.00 target price on shares of Yum Brands in a report on Thursday, July 14th. Barclays PLC restated an “equal weight” rating and issued a $83.00 target price on shares of Yum Brands in a report on Friday, July 15th. Vetr upgraded Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 target price for the company in a report on Monday, September 26th. Finally, Morgan Stanley upped their target price on Yum Brands from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, September 28th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $91.26.
In other news, CEO Roger G. Eaton sold 44,952 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $88.53, for a total value of $3,979,600.56. Following the completion of the sale, the chief executive officer now owns 244,274 shares of the company’s stock, valued at $21,625,577.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tracy L. Skeans sold 1,793 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $90.02, for a total value of $161,405.86. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.
About Yum Brands
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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