Legacy Financial Advisors Inc. Boosts Holdings in Yum! Brands, Inc. (NYSE:YUM)

Legacy Financial Advisors Inc. raised its stake in Yum! Brands, Inc. (NYSE:YUM) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,075 shares of the restaurant operator’s stock after acquiring an additional 212 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Yum! Brands were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of YUM. Naples Money Management LLC bought a new position in Yum! Brands during the fourth quarter valued at $26,000. Bfsg LLC purchased a new position in shares of Yum! Brands during the 4th quarter valued at $26,000. Fortitude Family Office LLC bought a new position in shares of Yum! Brands during the 4th quarter worth $27,000. Bruce G. Allen Investments LLC bought a new stake in Yum! Brands in the 4th quarter valued at about $34,000. Finally, DB Wealth Management Group LLC purchased a new stake in Yum! Brands during the third quarter valued at about $43,000. 82.37% of the stock is owned by institutional investors.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,078 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the sale, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at $23,817,351.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Yum! Brands news, VP David Eric Russell sold 9,919 shares of Yum! Brands stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $129.63, for a total value of $1,285,799.97. Following the transaction, the vice president now directly owns 18,661 shares of the company’s stock, valued at approximately $2,419,025.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,078 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the sale, the chief executive officer now owns 172,128 shares of the company’s stock, valued at approximately $23,817,351.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,064 shares of company stock valued at $3,228,698. Insiders own 0.31% of the company’s stock.

Yum! Brands Trading Down 0.5 %

Shares of YUM traded down $0.73 during midday trading on Friday, reaching $134.34. The stock had a trading volume of 2,452,523 shares, compared to its average volume of 2,162,501. The company has a market capitalization of $37.82 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.07. The company’s 50-day moving average is $138.17 and its 200 day moving average is $131.53. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20.

Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.05). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS. Research analysts forecast that Yum! Brands, Inc. will post 5.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

YUM has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a research note on Thursday. Guggenheim increased their target price on Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Argus reiterated a “hold” rating on shares of Yum! Brands in a research report on Wednesday, April 10th. TD Cowen reissued a “buy” rating and set a $160.00 price objective on shares of Yum! Brands in a report on Wednesday. Finally, Citigroup decreased their price target on Yum! Brands from $166.00 to $162.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.53.

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.