Iowa State Bank Has $2.41 Million Position in Yum! Brands, Inc. (NYSE:YUM)

Iowa State Bank cut its stake in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,468 shares of the restaurant operator’s stock after selling 140 shares during the quarter. Iowa State Bank’s holdings in Yum! Brands were worth $2,413,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YUM. Nordea Investment Management AB raised its stake in Yum! Brands by 59.5% during the 4th quarter. Nordea Investment Management AB now owns 531,103 shares of the restaurant operator’s stock worth $69,596,000 after buying an additional 198,069 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in Yum! Brands by 4.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,689 shares of the restaurant operator’s stock worth $711,000 after buying an additional 229 shares during the period. Adviser Investments LLC raised its stake in Yum! Brands by 13.8% during the 3rd quarter. Adviser Investments LLC now owns 1,710 shares of the restaurant operator’s stock worth $214,000 after buying an additional 207 shares during the period. California Public Employees Retirement System raised its stake in Yum! Brands by 2.4% during the 3rd quarter. California Public Employees Retirement System now owns 1,196,411 shares of the restaurant operator’s stock worth $149,480,000 after buying an additional 28,507 shares during the period. Finally, Wellington Management Group LLP raised its stake in Yum! Brands by 72.6% during the 3rd quarter. Wellington Management Group LLP now owns 65,775 shares of the restaurant operator’s stock worth $8,218,000 after buying an additional 27,674 shares during the period. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 3,756 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $129.21, for a total transaction of $485,312.76. Following the completion of the transaction, the chief executive officer now owns 57,325 shares of the company’s stock, valued at $7,406,963.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 3,756 shares of Yum! Brands stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $129.21, for a total value of $485,312.76. Following the completion of the transaction, the chief executive officer now owns 57,325 shares of the company’s stock, valued at $7,406,963.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Eric Russell sold 9,919 shares of Yum! Brands stock in a transaction on Friday, February 9th. The shares were sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the completion of the transaction, the vice president now directly owns 18,661 shares of the company’s stock, valued at approximately $2,419,025.43. The disclosure for this sale can be found here. Insiders sold a total of 20,742 shares of company stock valued at $2,734,628 over the last 90 days. Insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

YUM traded up $0.24 during trading on Tuesday, hitting $140.71. The stock had a trading volume of 1,986,802 shares, compared to its average volume of 1,948,099. The stock has a 50 day simple moving average of $134.94 and a two-hundred day simple moving average of $129.02. The company has a market capitalization of $39.59 billion, a PE ratio of 25.17, a PEG ratio of 2.19 and a beta of 1.10. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.24.

Yum! Brands (NYSE:YUMGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.13). Yum! Brands had a negative return on equity of 17.76% and a net margin of 22.57%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the business posted $1.31 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.72 EPS for the current year.

Yum! Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Tuesday, February 20th. This is a boost from Yum! Brands’s previous quarterly dividend of $0.61. Yum! Brands’s dividend payout ratio (DPR) is 47.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on YUM. Royal Bank of Canada lowered their price objective on Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday, February 9th. Barclays decreased their price target on Yum! Brands from $146.00 to $144.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Wells Fargo & Company downgraded Yum! Brands from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $150.00 to $135.00 in a research report on Thursday, January 11th. Citigroup increased their price target on Yum! Brands from $164.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Oppenheimer raised Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 price target for the company in a research report on Friday, January 5th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $145.00.

View Our Latest Stock Report on Yum! Brands

Yum! Brands Profile

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also 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.

See Also

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

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