Yum! Brands, Inc. (NYSE:YUM) Shares Bought by Newport Trust Co

Newport Trust Co grew its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,818,148 shares of the restaurant operator’s stock after acquiring an additional 15,043 shares during the quarter. Yum! Brands comprises about 0.5% of Newport Trust Co’s investment portfolio, making the stock its 19th largest holding. Newport Trust Co owned about 0.59% of Yum! Brands worth $201,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in YUM. Boston Financial Mangement LLC lifted its holdings in Yum! Brands by 3.3% in the second quarter. Boston Financial Mangement LLC now owns 3,140 shares of the restaurant operator’s stock worth $348,000 after purchasing an additional 100 shares during the period. JNBA Financial Advisors lifted its holdings in Yum! Brands by 21.6% in the second quarter. JNBA Financial Advisors now owns 562 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 100 shares during the period. Rathbone Brothers plc lifted its holdings in Yum! Brands by 4.3% in the second quarter. Rathbone Brothers plc now owns 2,450 shares of the restaurant operator’s stock worth $271,000 after purchasing an additional 100 shares during the period. Beaumont Financial Partners LLC lifted its holdings in Yum! Brands by 4.1% in the second quarter. Beaumont Financial Partners LLC now owns 2,550 shares of the restaurant operator’s stock worth $282,000 after purchasing an additional 101 shares during the period. Finally, Glassman Wealth Services lifted its holdings in Yum! Brands by 21.3% in the first quarter. Glassman Wealth Services now owns 586 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 103 shares during the period. 77.31% of the stock is owned by institutional investors.

Yum! Brands stock traded up $1.05 during midday trading on Friday, hitting $119.21. The company’s stock had a trading volume of 1,194,930 shares, compared to its average volume of 1,206,770. The stock’s 50-day moving average price is $115.90 and its 200-day moving average price is $106.16. Yum! Brands, Inc. has a 12 month low of $84.53 and a 12 month high of $119.72. The company has a market capitalization of $35.95 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 2.49 and a beta of 0.51.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the business earned $0.82 earnings per share. Yum! Brands’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities analysts predict that Yum! Brands, Inc. will post 3.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 19th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, August 16th. Yum! Brands’s dividend payout ratio (DPR) is presently 53.00%.

Several research firms recently weighed in on YUM. MKM Partners began coverage on shares of Yum! Brands in a report on Tuesday, August 13th. They issued a “neutral” rating and a $125.00 price objective for the company. BMO Capital Markets upped their price objective on shares of Yum! Brands to $112.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. They noted that the move was a valuation call. Evercore ISI reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Yum! Brands in a report on Tuesday, August 13th. Goldman Sachs Group began coverage on shares of Yum! Brands in a report on Monday, July 29th. They issued a “neutral” rating and a $115.00 price objective for the company. Finally, Citigroup set a $138.00 price objective on shares of Yum! Brands and gave the stock a “hold” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. Yum! Brands presently has an average rating of “Hold” and a consensus target price of $110.65.

In other Yum! Brands news, VP David Eric Russell sold 5,801 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $115.33, for a total transaction of $669,029.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David W. Gibbs sold 1,572 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $109.93, for a total value of $172,809.96. Following the sale, the chief financial officer now owns 43,516 shares in the company, valued at approximately $4,783,713.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,996 shares of company stock worth $3,317,091. 0.67% of the stock is owned by company insiders.

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.

Read More: How much can an individual set aside as a catch-up contribution?

Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM).

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

Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.