Cambridge Investment Research Advisors Inc. Acquires 682 Shares of Yum! Brands, Inc. (YUM)
Cambridge Investment Research Advisors Inc. lifted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 5.4% in the third quarter, Holdings Channel reports. The fund owned 13,223 shares of the restaurant operator’s stock after buying an additional 682 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Yum! Brands were worth $1,202,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Yum! Brands during the 3rd quarter valued at $1,557,000. Stratos Wealth Partners LTD. raised its holdings in Yum! Brands by 10.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,486 shares of the restaurant operator’s stock valued at $681,000 after buying an additional 685 shares during the last quarter. TD Asset Management Inc. raised its holdings in Yum! Brands by 15.3% during the 3rd quarter. TD Asset Management Inc. now owns 989,287 shares of the restaurant operator’s stock valued at $89,936,000 after buying an additional 131,458 shares during the last quarter. WealthTrust Axiom LLC bought a new stake in Yum! Brands during the 3rd quarter valued at $207,000. Finally, Willingdon Wealth Management raised its holdings in Yum! Brands by 2,110.0% during the 3rd quarter. Willingdon Wealth Management now owns 1,768 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 1,688 shares during the last quarter. Hedge funds and other institutional investors own 73.08% of the company’s stock.
A number of research firms recently commented on YUM. UBS Group set a $99.00 price target on shares of Yum! Brands and gave the company a “buy” rating in a report on Monday, September 10th. Zacks Investment Research lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. ValuEngine raised shares of Yum! Brands from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. BMO Capital Markets reissued a “hold” rating and set a $88.00 price objective on shares of Yum! Brands in a research report on Friday, August 3rd. Finally, BTIG Research boosted their price objective on shares of Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $90.75.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. As a group, equities research analysts predict that Yum! Brands, Inc. will post 3.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, November 23rd. Yum! Brands’s dividend payout ratio is presently 48.65%.
Yum! Brands announced that its board has authorized a share buyback program on Friday, August 10th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 7.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, CEO Roger G. Eaton sold 44,823 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $90.54, for a total value of $4,058,274.42. Following the sale, the chief executive officer now directly owns 160,726 shares of the company’s stock, valued at approximately $14,552,132.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David W. Gibbs sold 6,391 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $88.22, for a total transaction of $563,814.02. Following the completion of the sale, the chief financial officer now directly owns 39,380 shares in the company, valued at $3,474,103.60. The disclosure for this sale can be found here. Insiders sold a total of 71,289 shares of company stock worth $6,401,458 over the last ninety days. Insiders own 0.63% of the company’s stock.
Yum! Brands Company 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.
Featured Story: What strategies should day traders use to execute a trade?
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.