Sigma Planning Corp Boosts Stake in Yum! Brands, Inc. (YUM)

Sigma Planning Corp raised its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 11.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,961 shares of the restaurant operator’s stock after acquiring an additional 398 shares during the quarter. Sigma Planning Corp’s holdings in Yum! Brands were worth $395,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of YUM. Rossmore Private Capital boosted its position in Yum! Brands by 2.5% in the first quarter. Rossmore Private Capital now owns 4,711 shares of the restaurant operator’s stock valued at $470,000 after buying an additional 115 shares in the last quarter. Legacy Financial Advisors Inc. boosted its position in Yum! Brands by 5.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 2,174 shares of the restaurant operator’s stock valued at $200,000 after buying an additional 117 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its position in Yum! Brands by 0.6% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 20,202 shares of the restaurant operator’s stock valued at $1,857,000 after buying an additional 120 shares in the last quarter. Kaizen Advisory LLC boosted its position in Yum! Brands by 16.0% in the fourth quarter. Kaizen Advisory LLC now owns 898 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 124 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its position in Yum! Brands by 2.6% in the first quarter. Wedbush Securities Inc. now owns 5,166 shares of the restaurant operator’s stock valued at $516,000 after buying an additional 133 shares in the last quarter. Institutional investors own 75.02% of the company’s stock.

Shares of NYSE YUM traded up $0.65 during trading on Tuesday, reaching $101.06. The company had a trading volume of 7,594 shares, compared to its average volume of 1,729,033. Yum! Brands, Inc. has a 52 week low of $77.09 and a 52 week high of $104.47. The company has a market cap of $31.04 billion, a PE ratio of 31.86, a P/E/G ratio of 2.16 and a beta of 0.56.

Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Yum! Brands had a net margin of 24.61% and a negative return on equity of 13.06%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was down 8.5% on a year-over-year basis. As a group, research analysts expect that Yum! Brands, Inc. will post 3.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders 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 1.66%. The ex-dividend date is Wednesday, May 15th. Yum! Brands’s dividend payout ratio is presently 53.00%.

A number of equities analysts have commented on YUM shares. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research report on Monday, February 11th. BTIG Research boosted their price target on shares of Yum! Brands to $114.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. BMO Capital Markets boosted their price target on shares of Yum! Brands to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 8th. Finally, Citigroup reduced their price target on shares of Yum! Brands from $104.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $98.17.

In other Yum! Brands news, 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 transaction, the chief executive officer now directly owns 38,119 shares of the company’s stock, valued at $3,595,002.89. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David Eric Russell sold 5,872 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.00, for a total transaction of $587,200.00. Following the completion of the transaction, the vice president now directly owns 23,653 shares of the company’s stock, valued at $2,365,300. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,500 shares of company stock valued at $6,236,255. Insiders own 0.67% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/05/14/sigma-planning-corp-boosts-stake-in-yum-brands-inc-yum.html.

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.

Featured Story: What is a Lock-Up Period?

Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM).

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

Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.