Allworth Financial LP Acquires 384 Shares of Yum! Brands, Inc. (NYSE:YUM)

Posted by Defense World Staff on Mar 26th, 2023

Allworth Financial LP grew its holdings in shares of Yum! Brands, Inc. (NYSE:YUM – Get Rating) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,684 shares of the restaurant operator’s stock after buying an additional 384 shares during the quarter. Allworth Financial LP’s holdings in Yum! Brands were worth $472,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC grew its stake in shares of Yum! Brands by 396.6% during the third quarter. Sugarloaf Wealth Management LLC now owns 288 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 230 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Yum! Brands by 668.4% during the third quarter. Exchange Traded Concepts LLC now owns 292 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 254 shares during the last quarter. Marquette Asset Management LLC bought a new position in shares of Yum! Brands during the fourth quarter valued at approximately $31,000. TD Capital Management LLC bought a new position in Yum! Brands in the third quarter worth approximately $54,000. Finally, Guardian Wealth Advisors LLC bought a new position in Yum! Brands in the third quarter worth approximately $55,000. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on YUM shares. Cowen reissued an “outperform” rating and issued a $155.00 price objective on shares of Yum! Brands in a research note on Wednesday, February 8th. Royal Bank of Canada increased their price objective on Yum! Brands from $137.00 to $142.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 9th. Morgan Stanley increased their price objective on Yum! Brands from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 18th. JPMorgan Chase & Co. increased their price objective on Yum! Brands from $122.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Yum! Brands from $137.00 to $143.00 and gave the stock a “buy” rating in a research note on Monday, February 13th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.81.

Yum! Brands Trading Up 0.1 %

Shares of YUM opened at $127.83 on Friday. Yum! Brands, Inc. has a 12 month low of $103.96 and a 12 month high of $133.77. The stock has a fifty day moving average price of $128.64 and a 200-day moving average price of $123.32. The firm has a market cap of $35.81 billion, a PE ratio of 28.03, a P/E/G ratio of 2.19 and a beta of 0.98.

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

Yum! Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Wednesday, February 22nd were paid a $0.605 dividend. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Tuesday, February 21st. This represents a $2.42 dividend on an annualized basis and a yield of 1.89%. Yum! Brands’s dividend payout ratio (DPR) is 53.07%.

Insider Buying and Selling

In related news, COO Tracy L. Skeans sold 3,925 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $130.00, for a total value of $510,250.00. Following the completion of the transaction, the chief operating officer now owns 14,393 shares in the company, valued at approximately $1,871,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is currently owned by company insiders.

Yum! Brands Profile

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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.

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

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