Steward Partners Investment Advisory LLC Has $375,000 Holdings in Yum! Brands, Inc. (YUM)

Steward Partners Investment Advisory LLC grew its position in Yum! Brands, Inc. (NYSE:YUM) by 23.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,764 shares of the restaurant operator’s stock after purchasing an additional 727 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Yum! Brands were worth $375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC grew its position in shares of Yum! Brands by 37.4% in the third quarter. TIAA CREF Investment Management LLC now owns 1,424,785 shares of the restaurant operator’s stock valued at $129,527,000 after purchasing an additional 388,027 shares in the last quarter. Legal & General Group Plc grew its position in shares of Yum! Brands by 4.8% in the third quarter. Legal & General Group Plc now owns 1,756,233 shares of the restaurant operator’s stock valued at $159,642,000 after purchasing an additional 80,542 shares in the last quarter. Morgan Stanley grew its position in shares of Yum! Brands by 8.7% in the third quarter. Morgan Stanley now owns 1,449,142 shares of the restaurant operator’s stock valued at $131,742,000 after purchasing an additional 116,110 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Yum! Brands in the third quarter valued at $559,000. Finally, Federated Investors Inc. PA grew its position in shares of Yum! Brands by 608.2% in the third quarter. Federated Investors Inc. PA now owns 721,958 shares of the restaurant operator’s stock valued at $65,633,000 after purchasing an additional 620,015 shares in the last quarter. 75.02% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO David W. Gibbs sold 1,537 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $101.49, for a total value of $155,990.13. Following the completion of the sale, the chief financial officer now owns 43,516 shares of the company’s stock, valued at approximately $4,416,438.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Greg Creed sold 32,502 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $94.31, for a total value of $3,065,263.62. Following the completion of the sale, the chief executive officer now directly owns 38,119 shares of the company’s stock, valued at approximately $3,595,002.89. The disclosure for this sale can be found here. In the last three months, insiders sold 79,486 shares of company stock valued at $7,556,673. 0.67% of the stock is currently owned by corporate insiders.

Shares of YUM stock opened at $100.74 on Friday. Yum! Brands, Inc. has a 12-month low of $77.09 and a 12-month high of $104.47. The stock has a market cap of $30.74 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.20 and a beta of 0.56.

Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the company posted $0.90 EPS. Yum! Brands’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, sell-side analysts forecast that Yum! Brands, Inc. will post 3.81 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 16th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, May 15th. Yum! Brands’s dividend payout ratio (DPR) is presently 53.00%.

Several brokerages have recently weighed in on YUM. Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Citigroup dropped their price objective on Yum! Brands from $104.00 to $103.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th. BTIG Research lifted their price objective on Yum! Brands to $114.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Mizuho lowered Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Wednesday, March 20th. Finally, BMO Capital Markets lifted their price objective on Yum! Brands to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Yum! Brands currently has a consensus rating of “Hold” and an average target price of $98.17.

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About Yum! Brands

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

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