Olympiad Research LP Has $350,000 Holdings in Yum! Brands, Inc. (NYSE:YUM)

Olympiad Research LP grew its stake in Yum! Brands, Inc. (NYSE:YUMFree Report) by 61.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,679 shares of the restaurant operator’s stock after buying an additional 1,017 shares during the period. Olympiad Research LP’s holdings in Yum! Brands were worth $350,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in YUM. Naples Money Management LLC bought a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $26,000. Bfsg LLC bought a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $26,000. Fortitude Family Office LLC bought a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $27,000. Bruce G. Allen Investments LLC bought a new stake in Yum! Brands during the 4th quarter worth approximately $34,000. Finally, DB Wealth Management Group LLC bought a new stake in Yum! Brands during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on YUM. BMO Capital Markets upped their price objective on Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Argus reissued a “hold” rating on shares of Yum! Brands in a research note on Wednesday, April 10th. Barclays increased their price target on Yum! Brands from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Royal Bank of Canada dropped their price objective on Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating on the stock in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Yum! Brands from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.27.

Read Our Latest Research Report on YUM

Yum! Brands Stock Down 0.4 %

Shares of NYSE YUM traded down $0.48 during midday trading on Wednesday, reaching $135.38. 748,851 shares of the company were exchanged, compared to its average volume of 1,955,736. The stock’s 50-day moving average price is $138.04 and its 200-day moving average price is $133.58. The stock has a market cap of $38.13 billion, a P/E ratio of 23.83, a PEG ratio of 2.22 and a beta of 1.07. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.20.

Yum! Brands (NYSE:YUMGet Free Report) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 EPS. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.64 EPS for the current year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Tuesday, May 28th will be issued a $0.67 dividend. The ex-dividend date is Friday, May 24th. This represents a $2.68 dividend on an annualized basis and a yield of 1.98%. Yum! Brands’s payout ratio is 47.52%.

Yum! Brands declared that its board has initiated a share buyback program on Wednesday, May 15th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 7,078 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the sale, the chief executive officer now directly owns 172,128 shares in the company, valued at $23,817,351.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 7,078 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $138.37, for a total transaction of $979,382.86. Following the completion of the sale, the chief executive officer now directly owns 172,128 shares in the company, valued at approximately $23,817,351.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott Catlett sold 5,994 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $141.50, for a total value of $848,151.00. Following the sale, the insider now owns 34,889 shares of the company’s stock, valued at $4,936,793.50. The disclosure for this sale can be found here. Insiders sold 33,521 shares of company stock worth $4,620,263 over the last three months. Company insiders own 0.31% of the company’s stock.

About Yum! Brands

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also 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.

See Also

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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