Yum! Brands, Inc. (NYSE:YUM) Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 54.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,604 shares of the restaurant operator’s stock after acquiring an additional 16,767 shares during the period. Tidal Investments LLC’s holdings in Yum! Brands were worth $6,651,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Yum! Brands by 18.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,807 shares of the restaurant operator’s stock worth $6,730,000 after buying an additional 7,814 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Yum! Brands by 3,858.8% in the second quarter. ORG Partners LLC now owns 673 shares of the restaurant operator’s stock valued at $87,000 after purchasing an additional 656 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Yum! Brands by 12.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,349 shares of the restaurant operator’s stock valued at $1,238,000 after purchasing an additional 1,053 shares during the last quarter. Swedbank AB increased its stake in shares of Yum! Brands by 11.2% during the 2nd quarter. Swedbank AB now owns 152,695 shares of the restaurant operator’s stock worth $20,226,000 after purchasing an additional 15,362 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Yum! Brands by 9.5% during the 2nd quarter. Blue Trust Inc. now owns 2,893 shares of the restaurant operator’s stock worth $401,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Performance

Shares of NYSE:YUM opened at $137.00 on Friday. The stock has a 50-day simple moving average of $135.44 and a 200-day simple moving average of $134.50. The stock has a market capitalization of $38.23 billion, a P/E ratio of 25.61, a PEG ratio of 2.39 and a beta of 1.10. Yum! Brands, Inc. has a 1 year low of $124.76 and a 1 year high of $143.20.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Yum! Brands’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts predict that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.68 annualized dividend and a yield of 1.96%. Yum! Brands’s dividend payout ratio is currently 50.09%.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the sale, the chief executive officer now directly owns 152,634 shares in the company, valued at approximately $20,518,588.62. This trade represents a 4.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 21,069 shares of company stock valued at $2,842,965 over the last three months. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on YUM shares. JPMorgan Chase & Co. raised their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. TD Cowen reiterated a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Bank of America lowered their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Yum! Brands has an average rating of “Hold” and an average target price of $145.94.

Yum! Brands Profile

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.