ZWJ Investment Counsel Inc. boosted its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,407 shares of the restaurant operator’s stock after buying an additional 4,011 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Yum! Brands were worth $11,463,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in YUM. YorkBridge Wealth Partners LLC raised its position in shares of Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 512 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in shares of Yum! Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 7 shares during the last quarter. Coconut Grove Bank raised its position in shares of Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock valued at $119,000 after buying an additional 850 shares during the last quarter. Founders Capital Management raised its position in shares of Yum! Brands by 164.5% in the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 1,020 shares during the last quarter. Finally, Bartlett & Co. LLC raised its position in shares of Yum! Brands by 3.6% in the first quarter. Bartlett & Co. LLC now owns 1,992 shares of the restaurant operator’s stock valued at $127,000 after buying an additional 70 shares during the last quarter. Institutional investors own 73.98% of the company’s stock.
Shares of Yum! Brands, Inc. (NYSE YUM) opened at 75.41 on Friday. The company has a market capitalization of $26.00 billion, a PE ratio of 20.02 and a beta of 0.82. The company’s 50 day moving average is $74.66 and its 200-day moving average is $69.52. Yum! Brands, Inc. has a 52 week low of $59.57 and a 52 week high of $77.13.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts expect that Yum! Brands, Inc. will post $2.82 EPS for the current fiscal year.
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Several research analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $77.00 price objective (up from $66.00) on shares of Yum! Brands in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and set a $74.00 price objective (up from $72.00) on shares of Yum! Brands in a report on Friday, August 4th. UBS AG increased their target price on shares of Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $83.00 target price on shares of Yum! Brands in a research report on Friday, August 4th. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.64.
In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at $495,996.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,471 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $72.64, for a total value of $106,853.44. Following the completion of the sale, the chief executive officer now owns 6,712 shares of the company’s stock, valued at $487,559.68. The disclosure for this sale can be found here. Insiders sold 11,294 shares of company stock valued at $833,488 over the last 90 days. Corporate insiders own 7.38% of the company’s stock.
About Yum! Brands
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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