Shelton Capital Management lowered its holdings in shares of Yum! Brands, Inc. (NYSE:YUM – Free Report) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,094 shares of the restaurant operator’s stock after selling 100 shares during the quarter. Shelton Capital Management’s holdings in Yum! Brands were worth $290,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. HighMark Wealth Management LLC boosted its stake in shares of Yum! Brands by 108.0% during the second quarter. HighMark Wealth Management LLC now owns 233 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 121 shares during the period. Clear Street Markets LLC boosted its position in Yum! Brands by 28,400.0% in the 4th quarter. Clear Street Markets LLC now owns 285 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 284 shares during the period. Vestor Capital LLC grew its stake in Yum! Brands by 303.5% in the 2nd quarter. Vestor Capital LLC now owns 2,163 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 1,627 shares in the last quarter. Fred Alger Management LLC purchased a new position in shares of Yum! Brands during the fourth quarter worth approximately $44,000. Finally, True Wealth Design LLC bought a new stake in shares of Yum! Brands during the fourth quarter valued at approximately $50,000. Institutional investors own 80.17% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Bank of America upped their target price on Yum! Brands from $151.00 to $158.00 and gave the stock a “neutral” rating in a report on Thursday, August 3rd. TD Cowen restated an “outperform” rating and set a $160.00 price objective on shares of Yum! Brands in a research note on Wednesday, September 20th. StockNews.com initiated coverage on shares of Yum! Brands in a report on Thursday, October 5th. They issued a “hold” rating for the company. Citigroup lowered their price target on shares of Yum! Brands from $173.00 to $163.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Finally, Royal Bank of Canada boosted their price objective on shares of Yum! Brands from $136.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 2nd. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $145.21.
Yum! Brands Stock Up 0.4 %
YUM stock opened at $128.12 on Tuesday. Yum! Brands, Inc. has a 52 week low of $115.53 and a 52 week high of $143.24. The stock has a market capitalization of $35.91 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.96 and a beta of 1.04. The firm has a 50-day simple moving average of $123.45 and a 200-day simple moving average of $130.27.
Yum! Brands (NYSE:YUM – Get Free Report) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.18. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Yum! Brands had a negative return on equity of 17.45% and a net margin of 21.32%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. On average, analysts expect that Yum! Brands, Inc. will post 5.29 earnings per share for the current year.
Yum! Brands Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Monday, November 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 46.01%.
Insider Buying and Selling at Yum! Brands
In related news, CEO David W. Gibbs sold 3,507 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $117.55, for a total transaction of $412,247.85. Following the transaction, the chief executive officer now owns 57,325 shares of the company’s stock, valued at approximately $6,738,553.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Yum! Brands news, CEO David W. Gibbs sold 3,507 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $117.55, for a total transaction of $412,247.85. Following the sale, the chief executive officer now owns 57,325 shares in the company, valued at approximately $6,738,553.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark James King sold 9,600 shares of Yum! Brands stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $126.60, for a total value of $1,215,360.00. Following the completion of the transaction, the chief executive officer now owns 8,210 shares of the company’s stock, valued at approximately $1,039,386. The disclosure for this sale can be found here. Insiders sold a total of 20,638 shares of company stock worth $2,603,751 over the last three months. Insiders own 0.31% of the company’s stock.
About Yum! Brands
Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.
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