JB Capital LLC Makes New Investment in Yum! Brands, Inc. (NYSE:YUM)

JB Capital LLC purchased a new position in Yum! Brands, Inc. (NYSE:YUM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,489 shares of the restaurant operator’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of YUM. Deseret Mutual Benefit Administrators boosted its holdings in shares of Yum! Brands by 3.9% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock valued at $271,000 after buying an additional 76 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in Yum! Brands by 2.2% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock worth $458,000 after buying an additional 76 shares during the last quarter. Wesbanco Bank Inc. raised its position in Yum! Brands by 1.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock worth $552,000 after buying an additional 78 shares during the last quarter. Diversified Trust Co raised its position in Yum! Brands by 2.4% in the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock worth $464,000 after buying an additional 79 shares during the last quarter. Finally, Marcum Wealth LLC raised its position in Yum! Brands by 3.4% in the 2nd quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock worth $328,000 after buying an additional 82 shares during the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Yum! Brands Trading Up 2.0 %

Shares of NYSE:YUM opened at $137.06 on Friday. Yum! Brands, Inc. has a 12-month low of $123.60 and a 12-month high of $143.20. The company has a market capitalization of $38.54 billion, a PE ratio of 25.62, a PEG ratio of 2.13 and a beta of 1.10. The business has a 50 day moving average of $134.23 and a two-hundred day moving average of $134.81.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share. Equities research analysts predict that Yum! Brands, Inc. will post 5.54 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 50.09%.

Insider Activity

In other news, insider Scott Catlett sold 8,234 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the sale, the insider now directly owns 29,159 shares in the company, valued at $4,017,818.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the sale, the chief executive officer now directly owns 152,634 shares in the company, valued at approximately $20,518,588.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Catlett sold 8,234 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the sale, the insider now owns 29,159 shares of the company’s stock, valued at $4,017,818.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,622 shares of company stock worth $4,172,740 over the last three months. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on YUM. Morgan Stanley cut their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Bank of America cut their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Robert W. Baird boosted their price objective on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus dropped their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $145.94.

Yum! Brands Company Profile

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.