Yum! Brands, Inc. (NYSE:YUM) Shares Bought by Global Wealth Strategies & Associates

Global Wealth Strategies & Associates increased its position in Yum! Brands, Inc. (NYSE:YUM) by 649.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 367 shares of the restaurant operator’s stock after acquiring an additional 318 shares during the period. Global Wealth Strategies & Associates’ holdings in Yum! Brands were worth $49,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Safe Harbor Fiduciary LLC bought a new stake in Yum! Brands in the third quarter worth about $29,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Yum! Brands by 957.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 82 shares during the last quarter. Kimelman & Baird LLC bought a new stake in Yum! Brands during the second quarter worth approximately $37,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Yum! Brands in the second quarter worth approximately $39,000. Institutional investors own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. TD Cowen reaffirmed a “hold” rating and set a $145.00 target price on shares of Yum! Brands in a research report on Wednesday, November 6th. Loop Capital reduced their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Argus raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $146.44.

Insider Activity at Yum! Brands

In other news, CEO David W. Gibbs sold 7,059 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $135.94, for a total value of $959,600.46. Following the completion of the sale, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,307,396.90. This trade represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 17,879 shares of company stock valued at $2,424,167 in the last 90 days. 0.31% of the stock is owned by corporate insiders.

Yum! Brands Price Performance

Shares of NYSE YUM traded down $0.39 during trading hours on Thursday, reaching $133.77. The stock had a trading volume of 671,452 shares, compared to its average volume of 1,903,063. The business’s fifty day moving average is $135.40 and its two-hundred day moving average is $134.11. The company has a market cap of $37.33 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.37 and a beta of 1.10. Yum! Brands, Inc. has a twelve month low of $124.76 and a twelve month high of $143.20.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 EPS. Sell-side analysts forecast that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, December 2nd. Yum! Brands’s dividend payout ratio is 50.09%.

Yum! Brands 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.