M&R Capital Management Inc. Sells 100 Shares of Yum! Brands, Inc. (NYSE:YUM)

M&R Capital Management Inc. decreased its holdings in Yum! Brands, Inc. (NYSE:YUMFree Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,505 shares of the restaurant operator’s stock after selling 100 shares during the period. M&R Capital Management Inc.’s holdings in Yum! Brands were worth $625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of YUM. Naples Money Management LLC purchased a new position in Yum! Brands in the 4th quarter valued at approximately $26,000. Bfsg LLC bought a new stake in shares of Yum! Brands during the 4th quarter valued at $26,000. Fortitude Family Office LLC bought a new position in Yum! Brands in the 4th quarter worth about $27,000. Bruce G. Allen Investments LLC purchased a new position in Yum! Brands during the 4th quarter valued at about $34,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of Yum! Brands during the fourth quarter valued at about $47,000. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Performance

Shares of Yum! Brands stock traded down $1.79 during midday trading on Tuesday, reaching $135.13. 849,799 shares of the company’s stock traded hands, compared to its average volume of 1,923,418. The stock has a 50 day moving average of $138.28 and a 200-day moving average of $134.64. Yum! Brands, Inc. has a 12 month low of $115.53 and a 12 month high of $143.20. The company has a market cap of $38.06 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.08.

Yum! Brands (NYSE:YUMGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. Yum! Brands’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 earnings per share. On average, equities analysts anticipate that Yum! Brands, Inc. will post 5.64 earnings per share for the current fiscal year.

Yum! Brands declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 15th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the restaurant operator to purchase up to 5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Friday, May 24th. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,078 shares of the business’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Paget Leonard Alves sold 6,309 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $136.19, for a total value of $859,222.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David W. Gibbs sold 7,078 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the sale, the chief executive officer now 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 quarter. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

YUM has been the topic of a number of analyst reports. TD Cowen reaffirmed a “buy” rating and set a $156.00 target price on shares of Yum! Brands in a report on Thursday, June 13th. BMO Capital Markets lifted their price objective on Yum! Brands from $133.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Argus restated a “hold” rating on shares of Yum! Brands in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on Yum! Brands from $132.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Finally, Guggenheim upped their price objective on shares of Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Yum! Brands presently has an average rating of “Hold” and an average target price of $144.33.

Check Out Our Latest Research Report on YUM

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.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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