Bard Financial Services Inc. Purchases New Position in Yum! Brands, Inc. (NYSE:YUM)

Bard Financial Services Inc. acquired a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,105 shares of the restaurant operator’s stock, valued at approximately $713,000.

Several other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc lifted its holdings in Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after acquiring an additional 104,328 shares during the period. Marshall Wace LLP bought a new stake in shares of Yum! Brands during the 2nd quarter worth $7,645,000. Canada Pension Plan Investment Board boosted its holdings in shares of Yum! Brands by 140.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock worth $16,763,000 after buying an additional 73,844 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Yum! Brands by 18.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,807 shares of the restaurant operator’s stock valued at $6,730,000 after buying an additional 7,814 shares during the period. Finally, DoubleLine ETF Adviser LP purchased a new stake in Yum! Brands during the second quarter worth about $984,000. Institutional investors own 82.37% of the company’s stock.

Insider Activity

In other news, CEO David W. Gibbs sold 7,059 shares of Yum! Brands stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $135.94, for a total transaction of $959,600.46. Following the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 21,069 shares of company stock valued at $2,842,965. Company insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

NYSE:YUM opened at $138.54 on Thursday. Yum! Brands, Inc. has a fifty-two week low of $124.76 and a fifty-two week high of $143.20. The firm has a market cap of $38.66 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 2.39 and a beta of 1.10. The business has a 50 day moving average price of $135.43 and a 200-day moving average price of $134.45.

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

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.67 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.93%. Yum! Brands’s dividend payout ratio is currently 50.09%.

Analysts Set New Price Targets

YUM has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Loop Capital dropped their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. TD Cowen reissued a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Bank of America cut their price target 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $145.94.

Yum! Brands Company 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.