Yum! Brands, Inc. (YUM) Shares Sold by Frontier Capital Management Co. LLC
Frontier Capital Management Co. LLC decreased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 26.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,087,532 shares of the restaurant operator’s stock after selling 387,137 shares during the period. Frontier Capital Management Co. LLC’s holdings in Yum! Brands were worth $108,547,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Athena Capital Advisors LLC bought a new position in Yum! Brands in the fourth quarter worth approximately $25,000. Howe & Rusling Inc. purchased a new stake in shares of Yum! Brands in the first quarter worth $25,000. Bogart Wealth LLC increased its stake in shares of Yum! Brands by 70.0% in the first quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 140 shares in the last quarter. Sontag Advisory LLC purchased a new position in Yum! Brands during the fourth quarter valued at $41,000. Finally, JNBA Financial Advisors grew its stake in Yum! Brands by 54.0% during the fourth quarter. JNBA Financial Advisors now owns 462 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 75.09% of the company’s stock.
YUM has been the subject of several research analyst reports. Robert W. Baird reaffirmed an “outperform” rating and set a $112.00 target price on shares of Yum! Brands in a research note on Monday, April 29th. JPMorgan Chase & Co. cut shares of Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 target price for the company. in a research note on Tuesday, March 19th. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 16th. BMO Capital Markets raised their target price on shares of Yum! Brands to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 8th. Finally, Mizuho cut shares of Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Yum! Brands presently has a consensus rating of “Hold” and a consensus price target of $98.17.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. Yum! Brands had a net margin of 24.61% and a negative return on equity of 13.06%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the company posted $0.90 EPS. The business’s revenue was down 8.5% on a year-over-year basis. On average, equities research analysts forecast that Yum! Brands, Inc. will post 3.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 16th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.66%. Yum! Brands’s payout ratio is currently 53.00%.
In other news, Director Robert D. Walter sold 2,780 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $100.61, for a total value of $279,695.80. Following the completion of the sale, the director now owns 3,629 shares in the company, valued at approximately $365,113.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Greg Creed sold 32,502 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $94.31, for a total transaction of $3,065,263.62. Following the completion of the sale, the chief executive officer now owns 38,119 shares of the company’s stock, valued at approximately $3,595,002.89. The disclosure for this sale can be found here. Insiders sold a total of 68,280 shares of company stock valued at $6,515,951 over the last three months. Corporate insiders own 0.67% of the company’s stock.
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Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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