Yum! Brands, Inc. (YUM) Shares Sold by American Money Management LLC
American Money Management LLC lessened its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 10.5% during the 1st quarter, Holdings Channel reports. The firm owned 37,430 shares of the restaurant operator’s stock after selling 4,393 shares during the period. Yum! Brands comprises 2.1% of American Money Management LLC’s portfolio, making the stock its 18th largest holding. American Money Management LLC’s holdings in Yum! Brands were worth $3,736,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in YUM. Athena Capital Advisors LLC bought a new stake in shares of Yum! Brands during the fourth quarter worth $25,000. Howe & Rusling Inc. bought a new stake in shares of Yum! Brands during the first quarter worth $25,000. Bogart Wealth LLC grew its holdings in shares of Yum! Brands by 70.0% during the first quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 140 shares during the last quarter. Sontag Advisory LLC bought a new stake in shares of Yum! Brands during the fourth quarter worth $41,000. Finally, JNBA Financial Advisors grew its holdings in shares of Yum! Brands by 54.0% during the fourth quarter. JNBA Financial Advisors now owns 462 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 75.09% of the company’s stock.
In other Yum! Brands news, VP David Eric Russell sold 5,872 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.00, for a total value of $587,200.00. Following the transaction, the vice president now owns 23,653 shares of the company’s stock, valued at $2,365,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David W. Gibbs sold 1,531 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $100.25, for a total value of $153,482.75. Following the completion of the transaction, the chief financial officer now directly owns 43,516 shares in the company, valued at approximately $4,362,479. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,251 shares of company stock worth $1,328,764. 0.67% of the stock is owned by company insiders.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 earnings per share. On average, equities analysts forecast that Yum! Brands, Inc. will post 3.81 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 16th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.67%. The ex-dividend date is Wednesday, May 15th. Yum! Brands’s dividend payout ratio is 53.00%.
YUM has been the topic of several research analyst reports. Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, January 21st. BMO Capital Markets raised their price target on Yum! Brands to $100.00 and gave the company a “market perform” rating in a report on Friday, February 8th. JPMorgan Chase & Co. cut Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 price target on the stock. in a report on Tuesday, March 19th. Mizuho cut Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price target on the stock. in a report on Wednesday, March 20th. Finally, Citigroup decreased their price target on Yum! Brands from $104.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Yum! Brands presently has a consensus rating of “Hold” and an average target price of $98.17.
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Yum! Brands 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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