Lakeridge Wealth Management LLC Takes Position in Yum! Brands, Inc. (NYSE:YUM)

Lakeridge Wealth Management LLC acquired a new position in shares of Yum! Brands, Inc. (NYSE:YUM) during the first quarter, HoldingsChannel reports. The fund acquired 1,414 shares of the restaurant operator’s stock, valued at approximately $223,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in Yum! Brands during the 4th quarter worth approximately $25,000. WealthTrak Capital Management LLC bought a new position in shares of Yum! Brands in the fourth quarter valued at $25,000. Halbert Hargrove Global Advisors LLC bought a new position in Yum! Brands during the fourth quarter worth $33,000. Itau Unibanco Holding S.A. boosted its position in shares of Yum! Brands by 436.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 227 shares during the period. Finally, LGT Financial Advisors LLC bought a new stake in shares of Yum! Brands in the fourth quarter valued at about $41,000. Institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling

In other Yum! Brands news, CEO Scott Mezvinsky sold 268 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $145.97, for a total value of $39,119.96. Following the completion of the sale, the chief executive officer now owns 1,755 shares in the company, valued at approximately $256,177.35. The trade was a 13.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 5,139 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $146.70, for a total value of $753,891.30. Following the transaction, the chief executive officer now directly owns 157,893 shares in the company, valued at $23,162,903.10. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,763 shares of company stock worth $2,637,564 in the last quarter. 0.33% of the stock is owned by insiders.

Yum! Brands Price Performance

NYSE:YUM opened at $143.88 on Friday. The business has a 50 day moving average of $145.61 and a 200 day moving average of $143.29. The company has a market capitalization of $39.99 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.31 and a beta of 0.74. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30.

Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.85 billion. Yum! Brands had a negative return on equity of 20.33% and a net margin of 19.68%. Yum! Brands’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were given a $0.71 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 1.97%. Yum! Brands’s payout ratio is 56.57%.

Analyst Ratings Changes

Several brokerages have commented on YUM. Morgan Stanley boosted their target price on Yum! Brands from $147.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Guggenheim increased their target price on Yum! Brands from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 8th. Piper Sandler increased their price target on Yum! Brands from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Cowen reaffirmed a “hold” rating on shares of Yum! Brands in a research report on Wednesday, March 5th. Finally, Oppenheimer reiterated an “outperform” rating and set a $185.00 target price on shares of Yum! Brands in a research note on Monday, April 28th. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $158.24.

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.