American National Bank purchased a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,510 shares of the restaurant operator’s stock, valued at approximately $949,000.
Several other hedge funds have also recently modified their holdings of the company. Virtu Financial LLC boosted its stake in shares of Yum! Brands by 141.0% during the 1st quarter. Virtu Financial LLC now owns 13,799 shares of the restaurant operator’s stock worth $1,377,000 after acquiring an additional 8,073 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Yum! Brands during the 1st quarter worth $713,000. First Citizens Bank & Trust Co. boosted its stake in shares of Yum! Brands by 0.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 22,744 shares of the restaurant operator’s stock worth $2,270,000 after acquiring an additional 166 shares in the last quarter. OmniStar Financial Group Inc. boosted its stake in shares of Yum! Brands by 224.1% during the 1st quarter. OmniStar Financial Group Inc. now owns 11,044 shares of the restaurant operator’s stock worth $1,102,000 after acquiring an additional 7,636 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Yum! Brands by 17.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,075 shares of the restaurant operator’s stock worth $307,000 after acquiring an additional 459 shares in the last quarter. Institutional investors own 74.89% of the company’s stock.
In other Yum! Brands news, CEO Anthony Lowings sold 2,889 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $89.93, for a total transaction of $259,807.77. Following the transaction, the chief executive officer now directly owns 36,497 shares in the company, valued at $3,282,175.21. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP David Eric Russell sold 5,872 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.00, for a total value of $587,200.00. Following the transaction, the vice president now owns 23,653 shares in the company, valued at $2,365,300. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,684 shares of company stock worth $10,065,092. Corporate insiders own 0.63% of the company’s stock.
Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.57). The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.57 billion. Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. Yum! Brands’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. Equities analysts forecast that Yum! Brands, Inc. will post 3.81 EPS for the current year.
Several equities research analysts have recently weighed in on YUM shares. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research note on Tuesday, March 26th. BMO Capital Markets raised their price objective on Yum! Brands to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 8th. Goldman Sachs Group cut Yum! Brands from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $83.00 to $76.00 in a research report on Friday, January 11th. Citigroup decreased their target price on Yum! Brands from $104.00 to $103.00 and set a “neutral” rating for the company in a research report on Thursday, April 4th. Finally, Mizuho cut Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 target price for the company. in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $95.21.
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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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