Tounjian Advisory Partners LLC Invests $2.83 Million in Yum! Brands, Inc. (NYSE:YUM)

Tounjian Advisory Partners LLC bought a new stake in Yum! Brands, Inc. (NYSE:YUM) during the 1st quarter, HoldingsChannel reports. The firm bought 17,986 shares of the restaurant operator’s stock, valued at approximately $2,830,000.

Other institutional investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Yum! Brands during the 4th quarter worth approximately $25,000. WealthTrak Capital Management LLC acquired a new position in shares of Yum! Brands during the 4th quarter valued at $25,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Yum! Brands in the fourth quarter worth $33,000. Itau Unibanco Holding S.A. increased its stake in Yum! Brands by 436.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 227 shares in the last quarter. Finally, LGT Financial Advisors LLC bought a new stake in Yum! Brands in the fourth quarter valued at $41,000. Institutional investors own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on YUM shares. Evercore ISI raised their target price on Yum! Brands from $160.00 to $170.00 and gave the company an “in-line” rating in a research note on Thursday, May 1st. Citigroup increased their price target on Yum! Brands from $148.00 to $151.00 and gave the stock a “neutral” rating in a report on Tuesday, April 15th. Barclays boosted their price objective on Yum! Brands from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Wells Fargo & Company increased their target price on Yum! Brands from $145.00 to $160.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. Finally, Stifel Nicolaus boosted their price target on shares of Yum! Brands from $130.00 to $148.00 and gave the company a “hold” rating in a research note on Friday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $157.30.

Yum! Brands Price Performance

NYSE YUM opened at $144.92 on Monday. The business’s fifty day moving average is $146.31 and its 200-day moving average is $143.15. The stock has a market capitalization of $40.28 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.31 and a beta of 0.74. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.01. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.85 billion. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share. Research analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.84 annualized dividend and a dividend yield of 1.96%. Yum! Brands’s payout ratio is currently 56.57%.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,063 shares of Yum! Brands stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $145.57, for a total value of $1,028,160.91. Following the completion of the sale, the chief executive officer now owns 157,893 shares of the company’s stock, valued at approximately $22,984,484.01. This trade represents a 4.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Mezvinsky sold 268 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $145.97, for a total transaction of $39,119.96. Following the sale, the chief executive officer now directly owns 1,755 shares in the company, valued at approximately $256,177.35. This trade represents a 13.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,763 shares of company stock valued at $2,637,564. 0.33% of the stock is owned by company insiders.

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.