Pennsylvania Trust Co Buys 81 Shares of Yum Brands Inc. (YUM)
Pennsylvania Trust Co increased its stake in Yum Brands Inc. (NYSE:YUM) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,153 shares of the restaurant operator’s stock after buying an additional 81 shares during the period. Pennsylvania Trust Co’s holdings in Yum Brands were worth $1,376,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Klingenstein Fields & Co. LLC increased its position in Yum Brands by 3.3% in the second quarter. Klingenstein Fields & Co. LLC now owns 281,427 shares of the restaurant operator’s stock valued at $23,336,000 after buying an additional 9,080 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Yum Brands during the second quarter worth approximately $2,173,000. Smith Asset Management Group LP acquired a new stake in shares of Yum Brands during the second quarter worth approximately $16,815,000. Cullinan Associates Inc. increased its stake in shares of Yum Brands by 4.7% in the third quarter. Cullinan Associates Inc. now owns 67,150 shares of the restaurant operator’s stock worth $6,098,000 after buying an additional 3,000 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Yum Brands by 25.1% in the second quarter. CWM LLC now owns 217,409 shares of the restaurant operator’s stock worth $18,028,000 after buying an additional 43,650 shares in the last quarter. 73.26% of the stock is owned by institutional investors.
Yum Brands Inc. (NYSE:YUM) traded down 0.24% during trading on Wednesday, hitting $63.39. The stock had a trading volume of 4,875,838 shares. The company has a market cap of $23.26 billion, a PE ratio of 16.31 and a beta of 0.78. Yum Brands Inc. has a 52 week low of $46.43 and a 52 week high of $66.13. The stock has a 50-day moving average price of $61.99 and a 200-day moving average price of $62.27.
Yum Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The firm had revenue of $3.32 billion for the quarter. During the same period last year, the business earned $1.00 EPS. Yum Brands’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts predict that Yum Brands Inc. will post $2.40 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.22%. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, October 17th. Yum Brands’s dividend payout ratio is 51.91%.
YUM has been the subject of a number of recent analyst reports. Citigroup Inc. lifted their price objective on Yum Brands from $88.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Jefferies Group reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Yum Brands in a research report on Friday, October 7th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $97.00 price objective on shares of Yum Brands in a research report on Monday, October 17th. Credit Suisse Group AG raised Yum Brands from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $96.00 in a research report on Wednesday, October 19th. Finally, Zacks Investment Research downgraded Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $91.72.
In other Yum Brands news, CEO Roger G. Eaton sold 53,518 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $91.72, for a total transaction of $4,908,670.96. Following the completion of the sale, the chief executive officer now directly owns 245,736 shares in the company, valued at $22,538,905.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 14,487 shares of the company’s stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the sale, the chief financial officer now owns 48,261 shares of the company’s stock, valued at $4,339,629.12. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.
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.
Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum Brands Inc. (NYSE:YUM).
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.