Cadent Capital Advisors LLC Purchases 117 Shares of Yum! Brands, Inc. (NYSE:YUM)

Cadent Capital Advisors LLC lifted its position in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,373 shares of the restaurant operator’s stock after purchasing an additional 117 shares during the period. Yum! Brands accounts for 1.3% of Cadent Capital Advisors LLC’s portfolio, making the stock its 27th largest holding. Cadent Capital Advisors LLC’s holdings in Yum! Brands were worth $3,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of YUM. Wedmont Private Capital increased its position in Yum! Brands by 5.1% during the first quarter. Wedmont Private Capital now owns 3,576 shares of the restaurant operator’s stock worth $490,000 after buying an additional 172 shares during the last quarter. Czech National Bank increased its holdings in shares of Yum! Brands by 0.7% during the 1st quarter. Czech National Bank now owns 49,442 shares of the restaurant operator’s stock worth $6,855,000 after acquiring an additional 348 shares during the last quarter. Alaska Permanent Fund Corp raised its stake in Yum! Brands by 5.4% in the 1st quarter. Alaska Permanent Fund Corp now owns 3,216 shares of the restaurant operator’s stock valued at $446,000 after acquiring an additional 165 shares during the period. Rise Advisors LLC lifted its holdings in Yum! Brands by 67.3% during the 1st quarter. Rise Advisors LLC now owns 455 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 183 shares during the last quarter. Finally, Emprise Bank bought a new position in Yum! Brands during the first quarter worth $439,000. 82.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on YUM shares. The Goldman Sachs Group started coverage on shares of Yum! Brands in a research note on Thursday, June 13th. They set a “neutral” rating and a $150.00 target price for the company. Guggenheim boosted their price objective on Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. increased their target price on Yum! Brands from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Barclays boosted 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. Finally, Argus reiterated a “hold” rating on shares of Yum! Brands in a research report on Wednesday, April 10th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $144.33.

Read Our Latest Analysis on YUM

Yum! Brands Stock Up 0.1 %

Shares of YUM traded up $0.14 during trading hours on Friday, hitting $134.29. 3,920,859 shares of the company were exchanged, compared to its average volume of 1,627,509. The company has a market cap of $37.82 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 2.17 and a beta of 1.08. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.20. The firm’s fifty day moving average is $138.04 and its 200 day moving average is $134.76.

Yum! Brands (NYSE:YUMGet Free Report) last released its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.05). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share. Analysts anticipate that Yum! Brands, Inc. will post 5.64 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 28th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Friday, May 24th. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Yum! Brands declared that its Board of Directors has initiated a share buyback program on Wednesday, May 15th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the restaurant operator to purchase up to 5% of its stock through open market purchases. Stock buyback programs are usually 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 firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $138.37, for a total value of $979,382.86. Following the sale, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at $23,817,351.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO David W. Gibbs sold 7,073 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $137.14, for a total value of $969,991.22. Following the sale, the chief executive officer now directly owns 168,879 shares of the company’s stock, valued at $23,160,066.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 33,515 shares of company stock valued at $4,620,080 over the last ninety days. 0.31% of the stock is owned by corporate insiders.

Yum! Brands Profile

(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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