First National Bank of Omaha Invests $900,000 in Yum! Brands, Inc. $YUM

First National Bank of Omaha acquired a new position in Yum! Brands, Inc. (NYSE:YUM) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 5,648 shares of the restaurant operator’s stock, valued at approximately $900,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of Yum! Brands by 8.0% in the fourth quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator’s stock valued at $1,055,000 after purchasing an additional 583 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Yum! Brands by 124.5% during the 2nd quarter. First Trust Advisors LP now owns 151,316 shares of the restaurant operator’s stock worth $22,422,000 after purchasing an additional 83,916 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Yum! Brands by 10.0% during the 2nd quarter. CIBC Asset Management Inc now owns 117,824 shares of the restaurant operator’s stock worth $17,447,000 after purchasing an additional 10,755 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Yum! Brands by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 130,205 shares of the restaurant operator’s stock worth $19,294,000 after purchasing an additional 1,256 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its stake in Yum! Brands by 59.1% in the 2nd quarter. HUB Investment Partners LLC now owns 2,319 shares of the restaurant operator’s stock valued at $344,000 after buying an additional 861 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Stock Performance

Shares of YUM opened at $146.15 on Thursday. Yum! Brands, Inc. has a fifty-two week low of $137.33 and a fifty-two week high of $170.14. The company has a market capitalization of $39.88 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55. The stock has a fifty day moving average of $153.46 and a two-hundred day moving average of $156.02.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.04. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Yum! Brands had a negative return on equity of 24.57% and a net margin of 25.42%.The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 earnings per share. As a group, equities research analysts forecast that Yum! Brands, Inc. will post 6.42 earnings per share for the current fiscal year.

Yum! Brands declared that its board has authorized a share buyback program on Tuesday, June 16th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 9.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

YUM has been the topic of a number of analyst reports. UBS Group reiterated a “buy” rating on shares of Yum! Brands in a report on Thursday, June 18th. Evercore restated an “outperform” rating on shares of Yum! Brands in a research report on Tuesday, June 16th. Argus decreased their price objective on Yum! Brands from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $174.00 price objective on shares of Yum! Brands in a research report on Friday, July 31st. Finally, Royal Bank Of Canada upped their target price on shares of Yum! Brands from $165.00 to $170.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Yum! Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.65.

Insider Activity

In other Yum! Brands news, CEO Sean Tresvant sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $154.68, for a total value of $464,040.00. Following the sale, the chief executive officer directly owned 3,140 shares of the company’s stock, valued at approximately $485,695.20. This trade represents a 48.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David Eric Russell sold 7,961 shares of Yum! Brands stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $153.15, for a total value of $1,219,227.15. Following the completion of the sale, the vice president owned 11,960 shares of the company’s stock, valued at $1,831,674. This trade represents a 39.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,549 shares of company stock valued at $2,890,168 in the last three months. Company insiders own 0.14% of the company’s stock.

Yum! Brands Profile

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.