Robeco Institutional Asset Management B.V. lifted its stake in Yum! Brands, Inc. (NYSE:YUM) by 42.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 483,727 shares of the restaurant operator’s stock after acquiring an additional 143,504 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Yum! Brands worth $54,870,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Atwater Malick LLC acquired a new position in shares of Yum! Brands in the third quarter valued at approximately $26,000. Tradewinds Capital Management LLC acquired a new position in shares of Yum! Brands in the third quarter valued at approximately $30,000. Liberty Wealth Management LLC grew its position in shares of Yum! Brands by 302.1% in the second quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 290 shares during the last quarter. Certified Advisory Corp acquired a new position in shares of Yum! Brands in the second quarter valued at approximately $44,000. Finally, TRUE Private Wealth Advisors acquired a new position in shares of Yum! Brands in the second quarter valued at approximately $54,000. 75.59% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on YUM. Evercore ISI reaffirmed a “buy” rating and issued a $130.00 target price on shares of Yum! Brands in a research report on Tuesday, August 13th. Wells Fargo & Co decreased their target price on Yum! Brands from $115.00 to $111.00 and set a “market perform” rating on the stock in a research report on Thursday, October 31st. MKM Partners started coverage on Yum! Brands in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $125.00 target price on the stock. UBS Group cut their price target on Yum! Brands from $131.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Citigroup set a $138.00 price target on Yum! Brands and gave the company a “hold” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $112.88.
In other news, President David W. Gibbs sold 1,583 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $113.37, for a total value of $179,464.71. Following the completion of the transaction, the president now directly owns 43,279 shares in the company, valued at approximately $4,906,540.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Greg Creed sold 11,389 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $116.93, for a total value of $1,331,715.77. Following the completion of the transaction, the chief executive officer now owns 25,004 shares of the company’s stock, valued at $2,923,717.72. The disclosure for this sale can be found here. Insiders have sold 22,959 shares of company stock valued at $2,657,189 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.
NYSE YUM traded down $0.76 on Friday, hitting $98.90. 2,283,497 shares of the company’s stock were exchanged, compared to its average volume of 1,693,073. The stock has a 50-day moving average of $109.84 and a 200-day moving average of $109.95. Yum! Brands, Inc. has a 52 week low of $86.10 and a 52 week high of $119.72. The stock has a market cap of $29.80 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 2.14 and a beta of 0.48.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.14). Yum! Brands had a negative return on equity of 11.69% and a net margin of 20.88%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 3.73 EPS for the current year.
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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