Peloton Wealth Strategists Invests $608,000 in Yum! Brands, Inc. (YUM) Stock
Peloton Wealth Strategists purchased a new position in Yum! Brands, Inc. (NYSE:YUM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,200 shares of the restaurant operator’s stock, valued at approximately $608,000.
A number of other institutional investors have also bought and sold shares of the business. Kistler Tiffany Companies LLC grew its position in Yum! Brands by 0.5% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 7 shares in the last quarter. Bessemer Group Inc. grew its position in Yum! Brands by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock worth $438,000 after purchasing an additional 16 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Yum! Brands by 0.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock worth $496,000 after purchasing an additional 31 shares in the last quarter. Heritage Trust Co grew its position in Yum! Brands by 1.3% during the 2nd quarter. Heritage Trust Co now owns 3,010 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 40 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its position in Yum! Brands by 1.1% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 6,891 shares of the restaurant operator’s stock worth $508,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.
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In related news, CFO David W. Gibbs sold 4,318 shares of Yum! Brands stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total value of $347,858.08. Following the transaction, the chief financial officer now owns 39,396 shares in the company, valued at approximately $3,173,741.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 3,588 shares of Yum! Brands stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.90, for a total transaction of $286,681.20. Following the completion of the transaction, the chief executive officer now owns 15,075 shares in the company, valued at approximately $1,204,492.50. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by insiders.
Yum! Brands, Inc. (NYSE YUM) traded down $0.05 during mid-day trading on Friday, hitting $79.18. 582,996 shares of the company traded hands, compared to its average volume of 2,225,958. The company has a debt-to-equity ratio of -1.55, a quick ratio of 1.41 and a current ratio of 1.42. Yum! Brands, Inc. has a 1-year low of $62.32 and a 1-year high of $81.65. The firm has a market cap of $26,700.01, a price-to-earnings ratio of 28.30, a PEG ratio of 2.40 and a beta of 0.86.
Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Yum! Brands’s quarterly revenue was down 5.4% compared to the same quarter last year. sell-side analysts anticipate that Yum! Brands, Inc. will post 2.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s payout ratio is presently 37.04%.
Yum! Brands declared that its Board of Directors has approved a stock repurchase program on Friday, November 17th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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