19,202 Shares in Yum! Brands, Inc. (YUM) Acquired by Kavar Capital Partners LLC
Kavar Capital Partners LLC bought a new stake in Yum! Brands, Inc. (NYSE:YUM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,202 shares of the restaurant operator’s stock, valued at approximately $1,746,000.
Other large investors have also recently modified their holdings of the company. Asset Advisors Investment Management LLC acquired a new stake in Yum! Brands in the 3rd quarter valued at about $136,000. Willingdon Wealth Management lifted its stake in Yum! Brands by 2,110.0% in the 3rd quarter. Willingdon Wealth Management now owns 1,768 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 1,688 shares during the last quarter. Legacy Financial Advisors Inc. lifted its stake in Yum! Brands by 54.3% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 2,057 shares of the restaurant operator’s stock valued at $187,000 after purchasing an additional 724 shares during the last quarter. Douglass Winthrop Advisors LLC acquired a new stake in Yum! Brands in the 3rd quarter valued at about $201,000. Finally, ACG Wealth acquired a new stake in Yum! Brands in the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 73.08% of the company’s stock.
Shares of YUM stock opened at $88.13 on Tuesday. The company has a market cap of $27.76 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 1.88 and a beta of 0.85. Yum! Brands, Inc. has a 12-month low of $75.88 and a 12-month high of $92.21.
Yum! Brands announced that its board has authorized a share repurchase plan on Friday, August 10th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the restaurant operator to purchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $1.44 annualized dividend and a yield of 1.63%. Yum! Brands’s dividend payout ratio (DPR) is presently 48.65%.
In other news, CFO David W. Gibbs sold 6,369 shares of Yum! Brands stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $87.83, for a total value of $559,389.27. Following the completion of the sale, the chief financial officer now directly owns 47,701 shares in the company, valued at $4,189,578.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David W. Gibbs sold 6,366 shares of Yum! Brands stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $87.87, for a total transaction of $559,380.42. Following the completion of the sale, the chief financial officer now owns 47,764 shares of the company’s stock, valued at $4,197,022.68. The disclosure for this sale can be found here. Insiders have sold 71,289 shares of company stock valued at $6,401,458 over the last 90 days. Company insiders own 0.63% of the company’s stock.
Several brokerages recently issued reports on YUM. Zacks Investment Research reiterated a “buy” rating and issued a $97.00 target price on shares of Yum! Brands in a research note on Saturday. Gordon Haskett began coverage on shares of Yum! Brands in a research note on Thursday, October 18th. They issued a “hold” rating and a $90.00 target price for the company. BTIG Research raised their target price on shares of Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, October 10th. Robert W. Baird raised their target price on shares of Yum! Brands from $94.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $88.00 target price on shares of Yum! Brands in a research note on Friday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $90.75.
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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