St. Johns Investment Management Company LLC lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,633 shares of the restaurant operator’s stock after selling 134 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Yum! Brands were worth $762,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its stake in Yum! Brands by 6,899.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock valued at $64,000 after purchasing an additional 5,832,264 shares in the last quarter. Norges Bank bought a new position in Yum! Brands during the fourth quarter valued at $292,344,000. Two Sigma Investments LP increased its position in Yum! Brands by 63.9% during the fourth quarter. Two Sigma Investments LP now owns 2,008,383 shares of the restaurant operator’s stock valued at $184,611,000 after acquiring an additional 783,149 shares during the last quarter. Acadian Asset Management LLC increased its position in Yum! Brands by 118.0% during the fourth quarter. Acadian Asset Management LLC now owns 1,390,826 shares of the restaurant operator’s stock valued at $127,843,000 after acquiring an additional 752,837 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in Yum! Brands by 608.2% during the third quarter. Federated Investors Inc. PA now owns 721,958 shares of the restaurant operator’s stock valued at $65,633,000 after acquiring an additional 620,015 shares during the last quarter. 75.01% of the stock is currently owned by institutional investors and hedge funds.
In other Yum! Brands news, Director Tanya L. Domier purchased 2,652 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were bought at an average price of $94.23 per share, for a total transaction of $249,897.96. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Greg Creed sold 13,986 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $94.41, for a total transaction of $1,320,418.26. Following the completion of the transaction, the chief executive officer now owns 207,912 shares in the company, valued at approximately $19,628,971.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,922 shares of company stock worth $9,384,824. 0.63% of the stock is owned by corporate insiders.
Shares of Yum! Brands stock traded down $0.17 during midday trading on Wednesday, hitting $101.46. The company had a trading volume of 314,968 shares, compared to its average volume of 1,403,240. The firm has a market capitalization of $31.09 billion, a P/E ratio of 32.01, a PEG ratio of 2.09 and a beta of 0.55. Yum! Brands, Inc. has a 12-month low of $77.09 and a 12-month high of $102.16.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.57). Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, analysts anticipate that Yum! Brands, Inc. will post 3.81 EPS for the current year.
YUM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut shares of Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 price target on the stock. in a report on Tuesday, March 19th. Citigroup lowered their price objective on shares of Yum! Brands from $104.00 to $103.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th. Zacks Investment Research lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Mizuho lowered shares of Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price target for the company. in a research report on Wednesday, March 20th. Finally, BMO Capital Markets increased their price target on shares of Yum! Brands to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $95.21.
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Yum! Brands 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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