OLD Point Trust & Financial Services N A Grows Stake in Yum! Brands, Inc. (NYSE:YUM)

OLD Point Trust & Financial Services N A lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,570 shares of the restaurant operator’s stock after purchasing an additional 650 shares during the period. Yum! Brands comprises 1.7% of OLD Point Trust & Financial Services N A’s investment portfolio, making the stock its 25th biggest position. OLD Point Trust & Financial Services N A’s holdings in Yum! Brands were worth $3,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in YUM. Norges Bank purchased a new stake in shares of Yum! Brands during the fourth quarter worth about $292,344,000. FMR LLC grew its stake in Yum! Brands by 139.0% during the 1st quarter. FMR LLC now owns 2,658,807 shares of the restaurant operator’s stock valued at $265,376,000 after acquiring an additional 1,546,142 shares in the last quarter. Janus Henderson Group PLC grew its stake in Yum! Brands by 233.9% during the 1st quarter. Janus Henderson Group PLC now owns 845,079 shares of the restaurant operator’s stock valued at $84,348,000 after acquiring an additional 591,961 shares in the last quarter. BlackRock Inc. grew its stake in Yum! Brands by 2.7% during the 1st quarter. BlackRock Inc. now owns 22,186,539 shares of the restaurant operator’s stock valued at $2,214,439,000 after acquiring an additional 591,322 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its stake in Yum! Brands by 2.2% during the 1st quarter. Magellan Asset Management Ltd now owns 15,768,541 shares of the restaurant operator’s stock valued at $1,573,858,000 after acquiring an additional 338,339 shares in the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Citigroup cut shares of First Quantum Minerals from a “buy” rating to a “neutral” rating and dropped their price objective for the company from C$18.00 to C$13.00 in a research note on Tuesday, May 21st. Credit Suisse Group assumed coverage on shares of Arco Platform in a research note on Tuesday, June 25th. They set a “neutral” rating for the company. Zacks Investment Research cut shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Morgan Stanley upped their price objective on shares of Yum! Brands from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 2,900 ($37.89) price objective on shares of Royal Dutch Shell in a research note on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $101.50.

In other Yum! Brands news, CEO Greg Creed sold 44,949 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $105.82, for a total transaction of $4,756,503.18. Following the sale, the chief executive officer now directly owns 158,745 shares in the company, valued at approximately $16,798,395.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert D. Walter sold 2,780 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $100.61, for a total transaction of $279,695.80. Following the sale, the director now owns 3,629 shares in the company, valued at $365,113.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,458 shares of company stock worth $6,203,386. Company insiders own 0.67% of the company’s stock.

Shares of YUM stock traded down $0.36 during trading hours on Tuesday, hitting $112.92. The company had a trading volume of 951,220 shares, compared to its average volume of 1,639,389. The business’s fifty day moving average is $110.25. Yum! Brands, Inc. has a fifty-two week low of $77.68 and a fifty-two week high of $113.59. The firm has a market capitalization of $34.67 billion, a PE ratio of 35.62, a PEG ratio of 2.41 and a beta of 0.58.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. Yum! Brands had a net margin of 24.61% and a negative return on equity of 13.06%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business posted $0.90 EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, equities analysts expect that Yum! Brands, Inc. will post 3.82 earnings per share for the current year.

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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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