OLD National Bancorp IN Buys 358 Shares of Yum! Brands, Inc. (NYSE:YUM)

OLD National Bancorp IN increased its stake in Yum! Brands, Inc. (NYSE:YUM) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,841 shares of the restaurant operator’s stock after acquiring an additional 358 shares during the period. OLD National Bancorp IN’s holdings in Yum! Brands were worth $502,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of YUM. Global Retirement Partners LLC increased its holdings in Yum! Brands by 21.3% during the 3rd quarter. Global Retirement Partners LLC now owns 553 shares of the restaurant operator’s stock valued at $68,000 after purchasing an additional 97 shares during the period. Caprock Group LLC grew its holdings in shares of Yum! Brands by 18.7% during the 3rd quarter. Caprock Group LLC now owns 1,724 shares of the restaurant operator’s stock worth $215,000 after acquiring an additional 272 shares during the period. Fiduciary Alliance LLC purchased a new position in shares of Yum! Brands during the 3rd quarter worth approximately $276,000. Czech National Bank grew its holdings in shares of Yum! Brands by 47.7% during the 3rd quarter. Czech National Bank now owns 48,976 shares of the restaurant operator’s stock worth $6,119,000 after acquiring an additional 15,820 shares during the period. Finally, Ballentine Partners LLC grew its holdings in shares of Yum! Brands by 3.1% during the 3rd quarter. Ballentine Partners LLC now owns 4,488 shares of the restaurant operator’s stock worth $561,000 after acquiring an additional 136 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Transactions at Yum! Brands

In other news, VP David Eric Russell sold 9,919 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $129.63, for a total value of $1,285,799.97. Following the completion of the sale, the vice president now directly owns 18,661 shares in the company, valued at approximately $2,419,025.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Yum! Brands news, VP David Eric Russell sold 9,919 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $129.63, for a total value of $1,285,799.97. Following the completion of the sale, the vice president now owns 18,661 shares in the company, valued at approximately $2,419,025.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David W. Gibbs sold 7,067 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $136.34, for a total value of $963,514.78. Following the completion of the sale, the chief executive officer now owns 175,377 shares of the company’s stock, valued at approximately $23,910,900.18. The disclosure for this sale can be found here. Insiders sold 24,064 shares of company stock worth $3,228,698 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

NYSE YUM opened at $141.81 on Thursday. The business’s fifty day moving average price is $137.71 and its 200-day moving average price is $130.61. The stock has a market capitalization of $39.92 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.21 and a beta of 1.10. Yum! Brands, Inc. has a 1-year low of $115.53 and a 1-year high of $143.24.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, February 7th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.13). The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Yum! Brands had a negative return on equity of 17.76% and a net margin of 22.57%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company earned $1.31 earnings per share. Equities research analysts anticipate that Yum! Brands, Inc. will post 5.73 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a $135.00 target price on shares of Yum! Brands in a report on Thursday, January 4th. Oppenheimer raised Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 price target on the stock in a research report on Friday, January 5th. TD Cowen reissued a “buy” rating and issued a $160.00 price target on shares of Yum! Brands in a research report on Wednesday, April 10th. Argus reaffirmed a “hold” rating on shares of Yum! Brands in a research report on Wednesday, April 10th. Finally, Barclays lowered their price objective on Yum! Brands from $146.00 to $144.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $144.75.

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.