GWM Advisors LLC lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 51.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,933 shares of the restaurant operator’s stock after selling 6,304 shares during the quarter. GWM Advisors LLC’s holdings in Yum! Brands were worth $641,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in YUM. IHT Wealth Management LLC bought a new stake in shares of Yum! Brands in the third quarter worth $283,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Yum! Brands in the third quarter worth $1,102,000. Jeppson Wealth Management LLC bought a new stake in shares of Yum! Brands in the third quarter worth $34,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Yum! Brands by 8.0% in the third quarter. Mercer Global Advisors Inc. ADV now owns 13,793 shares of the restaurant operator’s stock worth $1,259,000 after purchasing an additional 1,022 shares in the last quarter. Finally, HM Payson & Co. lifted its position in shares of Yum! Brands by 50.1% in the third quarter. HM Payson & Co. now owns 1,249 shares of the restaurant operator’s stock worth $114,000 after purchasing an additional 417 shares in the last quarter. 75.22% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO David W. Gibbs sold 1,362 shares of the business’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $118.47, for a total value of $161,356.14. Following the sale, the chief executive officer now directly owns 22,256 shares in the company, valued at approximately $2,636,668.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 1,282 shares of the business’s stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $108.00, for a total value of $138,456.00. Following the completion of the sale, the chief executive officer now owns 22,256 shares in the company, valued at $2,403,648. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,117 shares of company stock valued at $5,801,286. Insiders own 0.72% of the company’s stock.
Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, April 27th. The restaurant operator reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.20. Yum! Brands had a net margin of 18.78% and a negative return on equity of 12.42%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the company posted $0.64 earnings per share. Yum! Brands’s revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 3.17 earnings per share for the current fiscal year.
Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Yum! Brands from $125.00 to $134.00 and gave the stock an “overweight” rating in a research report on Monday, April 19th. MKM Partners upped their price target on shares of Yum! Brands from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, January 7th. The Goldman Sachs Group assumed coverage on shares of Yum! Brands in a research report on Tuesday, January 19th. They set a “sell” rating and a $103.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Yum! Brands from $107.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, February 5th. Finally, Robert W. Baird upped their price target on shares of Yum! Brands from $127.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $116.94.
About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Pizza Hut Division, the Taco Bell Division, and the Habit Burger Grill Division. The company operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.
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