Yum! Brands, Inc. (YUM) Stake Increased by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in Yum! Brands, Inc. (NYSE:YUM) by 8.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 84,735 shares of the restaurant operator’s stock after buying an additional 6,916 shares during the quarter. D.A. Davidson & CO.’s holdings in Yum! Brands were worth $7,703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of YUM. Asset Advisors Investment Management LLC purchased a new position in Yum! Brands in the 3rd quarter valued at approximately $136,000. Willingdon Wealth Management increased its stake in Yum! Brands by 2,110.0% in the 3rd quarter. Willingdon Wealth Management now owns 1,768 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 1,688 shares in the last quarter. Legacy Financial Advisors Inc. increased its stake in Yum! Brands by 54.3% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 2,057 shares of the restaurant operator’s stock valued at $187,000 after purchasing an additional 724 shares in the last quarter. Douglass Winthrop Advisors LLC purchased a new position in Yum! Brands in the 3rd quarter valued at approximately $201,000. Finally, ACG Wealth purchased a new position in Yum! Brands in the 3rd quarter valued at approximately $202,000. 73.08% of the stock is owned by institutional investors and hedge funds.

In related news, CFO David W. Gibbs sold 6,369 shares of Yum! Brands stock in a transaction on Monday, September 17th. The stock was sold at an average price of $87.83, for a total value of $559,389.27. Following the transaction, the chief financial officer now owns 47,701 shares in the company, valued at $4,189,578.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Eric Russell sold 7,340 shares of Yum! Brands stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $90.00, for a total value of $660,600.00. Following the completion of the transaction, the vice president now owns 25,960 shares in the company, valued at approximately $2,336,400. The disclosure for this sale can be found here. Insiders sold 71,289 shares of company stock worth $6,401,458 in the last quarter. 0.63% of the stock is owned by insiders.

YUM has been the subject of several research analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $88.00 price objective on shares of Yum! Brands in a research note on Friday, August 3rd. ValuEngine raised Yum! Brands from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. UBS Group set a $99.00 price objective on Yum! Brands and gave the company a “buy” rating in a research note on Monday, September 10th. KeyCorp initiated coverage on Yum! Brands in a research note on Wednesday, October 3rd. They issued a “sector weight” rating for the company. Finally, BTIG Research raised their price objective on Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a research note 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’s stock. Yum! Brands has an average rating of “Hold” and a consensus price target of $90.75.

Shares of NYSE:YUM 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 52 week low of $75.88 and a 52 week high of $92.21.

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

Yum! Brands declared that its Board of Directors has authorized a share buyback 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 reacquire up to 7.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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

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

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