UMB Bank N A MO Trims Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)
UMB Bank N A MO lessened its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,177 shares of the restaurant operator’s stock after selling 155 shares during the period. UMB Bank N A MO’s holdings in Yum! Brands were worth $561,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in Yum! Brands by 16.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 331,045 shares of the restaurant operator’s stock valued at $22,686,000 after acquiring an additional 45,857 shares during the period. Johnson Investment Counsel Inc. increased its position in shares of Yum! Brands by 4.3% during the 1st quarter. Johnson Investment Counsel Inc. now owns 9,609 shares of the restaurant operator’s stock valued at $658,000 after purchasing an additional 392 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Yum! Brands during the 1st quarter valued at $4,974,000. Perennial Advisors LLC acquired a new position in shares of Yum! Brands during the 1st quarter valued at $25,000. Finally, EP Wealth Advisors LLC boosted its stake in shares of Yum! Brands by 67.5% during the 1st quarter. EP Wealth Advisors LLC now owns 7,104 shares of the restaurant operator’s stock worth $487,000 after acquiring an additional 2,863 shares in the last quarter. 75.00% of the stock is currently owned by institutional investors.
YUM traded down $1.11 during trading hours on Friday, hitting $84.89. 230,735 shares of the company’s stock were exchanged, compared to its average volume of 3,063,138. Yum! Brands, Inc. has a 1-year low of $54.95 and a 1-year high of $119.72. The stock’s 50-day moving average is $89.26 and its two-hundred day moving average is $91.16. The stock has a market cap of $25.55 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.51 and a beta of 0.95.
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.47 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.88 annualized dividend and a yield of 2.21%. Yum! Brands’s dividend payout ratio (DPR) is currently 52.96%.
A number of analysts have commented on YUM shares. Zacks Investment Research raised shares of Yum! Brands from a “sell” rating to a “hold” rating and set a $92.00 price objective for the company in a research note on Saturday, May 30th. CSFB increased their price target on Yum! Brands from $79.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Credit Suisse Group increased their price target on Yum! Brands from $84.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Jefferies Financial Group increased their price objective on Yum! Brands from $66.00 to $80.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Finally, Deutsche Bank reissued a “hold” rating and issued a $80.00 price objective (up from $79.00) on shares of Yum! Brands in a research report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. Yum! Brands currently has a consensus rating of “Hold” and a consensus target price of $100.95.
In other Yum! Brands news, CEO David W. Gibbs sold 5,424 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $84.39, for a total value of $457,731.36. Following the sale, the chief executive officer now owns 80,335 shares in the company, valued at $6,779,470.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David W. Gibbs sold 2,318 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $91.28, for a total value of $211,587.04. Following the completion of the sale, the chief executive officer now owns 76,048 shares in the company, valued at approximately $6,941,661.44. The disclosure for this sale can be found here. Insiders have sold 12,479 shares of company stock valued at $977,223 in the last quarter. 0.72% of the stock is currently owned by corporate insiders.
Yum! Brands Profile
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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