MADDEN SECURITIES Corp Purchases New Position in Yum! Brands, Inc. (NYSE:YUM)

Posted by Defense World Staff on Mar 20th, 2023

MADDEN SECURITIES Corp acquired a new stake in Yum! Brands, Inc. (NYSE:YUM – Get Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 468 shares of the restaurant operator’s stock, valued at approximately $60,000.

Other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC raised its holdings in shares of Yum! Brands by 4.1% during the second quarter. SVB Wealth LLC now owns 11,955 shares of the restaurant operator’s stock valued at $1,357,000 after purchasing an additional 471 shares during the last quarter. Korea Investment CORP raised its stake in Yum! Brands by 102.4% during the 3rd quarter. Korea Investment CORP now owns 254,376 shares of the restaurant operator’s stock valued at $27,050,000 after buying an additional 128,674 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of Yum! Brands by 7.5% during the 2nd quarter. Credit Suisse AG now owns 388,049 shares of the restaurant operator’s stock valued at $44,047,000 after buying an additional 26,957 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Yum! Brands by 4.3% in the 2nd quarter. Kestra Private Wealth Services LLC now owns 10,887 shares of the restaurant operator’s stock worth $1,236,000 after buying an additional 449 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Yum! Brands by 16.6% in the third quarter. UBS Asset Management Americas Inc. now owns 1,472,973 shares of the restaurant operator’s stock worth $156,636,000 after acquiring an additional 210,170 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO David W. Gibbs sold 4,259 shares of the business’s stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $128.52, for a total value of $547,366.68. Following the sale, the chief executive officer now directly owns 31,715 shares in the company, valued at $4,076,011.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO David W. Gibbs sold 4,259 shares of the business’s stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $128.52, for a total value of $547,366.68. Following the sale, the chief executive officer now owns 31,715 shares in the company, valued at $4,076,011.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Tracy L. Skeans sold 3,925 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $130.00, for a total transaction of $510,250.00. Following the sale, the chief operating officer now directly owns 14,393 shares in the company, valued at approximately $1,871,090. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.

Yum! Brands Trading Down 0.9 %

Shares of YUM opened at $126.85 on Monday. The business’s 50 day moving average is $128.79 and its 200 day moving average is $122.87. Yum! Brands, Inc. has a 12-month low of $103.96 and a 12-month high of $133.77. The company has a market capitalization of $35.53 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98.

Yum! Brands (NYSE:YUM – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The restaurant operator reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. Yum! Brands had a net margin of 19.37% and a negative return on equity of 15.16%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the business posted $1.02 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts predict that Yum! Brands, Inc. will post 5.1 earnings per share for the current year.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Wednesday, February 22nd were paid a $0.605 dividend. The ex-dividend date was Tuesday, February 21st. This represents a $2.42 annualized dividend and a yield of 1.91%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.57. Yum! Brands’s payout ratio is presently 53.07%.

Wall Street Analyst Weigh In

YUM has been the topic of several research reports. Cowen reissued an “outperform” rating and issued a $155.00 target price on shares of Yum! Brands in a research report on Wednesday, February 8th. JPMorgan Chase & Co. upped their target price on shares of Yum! Brands from $122.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, January 18th. StockNews.com assumed coverage on shares of Yum! Brands in a research note on Thursday. They set a “hold” rating on the stock. Robert W. Baird upped their price objective on Yum! Brands from $146.00 to $155.00 in a research note on Wednesday, December 14th. Finally, Citigroup lifted their target price on Yum! Brands from $168.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.81.

Yum! Brands Company Profile

(Get Rating)

Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses of a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment consists of all operations of the KFC concept.