Yum! Brands, Inc. (YUM) Shares Bought by MML Investors Services LLC

MML Investors Services LLC grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 36.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,090 shares of the restaurant operator’s stock after purchasing an additional 4,011 shares during the quarter. MML Investors Services LLC’s holdings in Yum! Brands were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Advisors Investment Management LLC acquired a new stake in Yum! Brands during the third quarter worth approximately $136,000. Willingdon Wealth Management raised its holdings in Yum! Brands by 2,110.0% during the third quarter. Willingdon Wealth Management now owns 1,768 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 1,688 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in Yum! Brands by 54.3% during the third quarter. Legacy Financial Advisors Inc. now owns 2,057 shares of the restaurant operator’s stock worth $187,000 after purchasing an additional 724 shares in the last quarter. Douglass Winthrop Advisors LLC acquired a new stake in Yum! Brands during the third quarter worth approximately $201,000. Finally, ACG Wealth acquired a new stake in Yum! Brands during the third quarter worth approximately $202,000. 73.08% of the stock is currently owned by institutional investors.

Shares of Yum! Brands stock opened at $87.19 on Monday. The firm has a market capitalization of $27.23 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.85 and a beta of 0.85. Yum! Brands, Inc. has a 12 month low of $75.88 and a 12 month high of $92.21.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. Yum! Brands’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. Analysts predict that Yum! Brands, Inc. will post 3.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $1.44 annualized dividend and a yield of 1.65%. Yum! Brands’s dividend payout ratio is currently 48.65%.

Yum! Brands declared that its Board of Directors has initiated a stock repurchase plan on Friday, August 10th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 7.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

A number of analysts have weighed in on the stock. Zacks Investment Research reissued a “buy” rating and set a $97.00 price objective on shares of Yum! Brands in a report on Saturday, November 17th. ValuEngine raised shares of Yum! Brands from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Gordon Haskett initiated coverage on shares of Yum! Brands in a report on Thursday, October 18th. They issued a “hold” rating and a $90.00 target price on the stock. Stifel Nicolaus cut shares of Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 target price on the stock. in a report on Tuesday, October 23rd. Finally, BTIG Research lifted their target price on shares of Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $90.75.

In other Yum! Brands news, CFO David W. Gibbs sold 6,369 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $87.83, for a total value of $559,389.27. Following the transaction, the chief financial officer now directly owns 47,701 shares of the company’s stock, valued at approximately $4,189,578.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Roger G. Eaton sold 44,823 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $90.54, for a total transaction of $4,058,274.42. Following the completion of the transaction, the chief executive officer now directly owns 160,726 shares in the company, valued at $14,552,132.04. The disclosure for this sale can be found here. Insiders sold a total of 71,289 shares of company stock worth $6,401,458 over the last three months. 0.63% of the stock is currently owned by corporate insiders.

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

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