Arbor Investment Advisors LLC bought a new position in Yum! Brands, Inc. (NYSE:YUM) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,635 shares of the restaurant operator’s stock, valued at approximately $263,000.

A number of other hedge funds also recently modified their holdings of YUM. Lincoln National Corp purchased a new stake in shares of Yum! Brands in the 4th quarter worth approximately $204,000. Barings LLC purchased a new stake in shares of Yum! Brands in the 4th quarter worth approximately $212,000. Cullinan Associates Inc. lifted its position in shares of Yum! Brands by 1.7% in the 4th quarter. Cullinan Associates Inc. now owns 97,790 shares of the restaurant operator’s stock worth $8,989,000 after purchasing an additional 1,610 shares during the period. Thomasville National Bank lifted its position in shares of Yum! Brands by 14.4% in the 4th quarter. Thomasville National Bank now owns 2,732 shares of the restaurant operator’s stock worth $251,000 after purchasing an additional 344 shares during the period. Finally, NuWave Investment Management LLC lifted its position in shares of Yum! Brands by 37,971.4% in the 4th quarter. NuWave Investment Management LLC now owns 2,665 shares of the restaurant operator’s stock worth $245,000 after purchasing an additional 2,658 shares during the period. Institutional investors and hedge funds own 74.89% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 price target for the company. in a research report on Tuesday, March 19th. Citigroup decreased their target price on shares of Yum! Brands from $104.00 to $103.00 and set a “neutral” rating for the company in a research report on Thursday, April 4th. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Mizuho cut shares of 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. Finally, BMO Capital Markets increased their target price on shares of Yum! Brands to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Yum! Brands has a consensus rating of “Hold” and an average price target of $95.21.

In other Yum! Brands news, CFO David W. Gibbs sold 1,531 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $99.54, for a total value of $152,395.74. Following the completion of the transaction, the chief financial officer now owns 41,345 shares of the company’s stock, valued at $4,115,481.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tanya L. Domier purchased 2,652 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was bought at an average cost of $94.23 per share, with a total value of $249,897.96. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 106,684 shares of company stock valued at $10,065,092. Corporate insiders own 0.63% of the company’s stock.

NYSE:YUM traded up $0.24 during midday trading on Monday, reaching $101.64. 1,226,327 shares of the stock traded hands, compared to its average volume of 1,804,268. Yum! Brands, Inc. has a 12-month low of $77.09 and a 12-month high of $102.16. The stock has a market capitalization of $31.02 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.08 and a beta of 0.55.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.57). The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. On average, equities analysts anticipate that Yum! Brands, Inc. will post 3.81 earnings per share for the current fiscal year.

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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.

Further Reading: What are retained earnings?

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

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