Cutter & CO Brokerage Inc. Invests $759,000 in Yum! Brands, Inc. (YUM)

Cutter & CO Brokerage Inc. bought a new stake in Yum! Brands, Inc. (NYSE:YUM) during the fourth quarter, Holdings Channel reports. The institutional investor bought 11,987 shares of the restaurant operator’s stock, valued at approximately $759,000.

A number of other large investors also recently added to or reduced their stakes in the company. Hudock Capital Group LLC increased its position in shares of Yum! Brands by 0.3% in the third quarter. Hudock Capital Group LLC now owns 1,112 shares of the restaurant operator’s stock worth $101,000 after buying an additional 3 shares during the last quarter. Tortoise Investment Management LLC increased its position in shares of Yum! Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock worth $110,000 after buying an additional 125 shares during the last quarter. BKS Advisors LLC acquired a new position in shares of Yum! Brands during the third quarter worth about $117,000. TLP Group LLC acquired a new position in shares of Yum! Brands during the third quarter worth about $128,000. Finally, Assetmark Inc. increased its position in shares of Yum! Brands by 2.3% in the third quarter. Assetmark Inc. now owns 1,487 shares of the restaurant operator’s stock worth $135,000 after buying an additional 33 shares during the last quarter. 73.31% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Yum! Brands, Inc. (NYSE:YUM) opened at 68.58 on Wednesday. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 16.96 and a beta of 0.76. The stock has a 50 day moving average price of $65.17 and a 200 day moving average price of $63.86. Yum! Brands, Inc. has a 1-year low of $49.97 and a 1-year high of $68.98.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, February 9th. The restaurant operator reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. Yum! Brands had a negative return on equity of 75.96% and a net margin of 14.76%. The firm earned $2.02 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the business earned $0.68 EPS. Yum! Brands’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Yum! Brands, Inc. will post $2.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 3rd. Investors of record on Friday, January 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, January 11th. This represents a $1.20 annualized dividend and a dividend yield of 1.75%. Yum! Brands’s dividend payout ratio is presently 29.93%.

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A number of research firms recently commented on YUM. Deutsche Bank AG reduced their price objective on Yum! Brands from $88.00 to $65.00 and set a “hold” rating for the company in a research report on Tuesday, November 1st. Credit Suisse Group upgraded Yum! Brands from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $90.00 to $96.00 in a research report on Wednesday, October 19th. Sanford C. Bernstein set a $78.00 price objective on Yum! Brands and gave the company a “buy” rating in a research report on Saturday. Longbow Research cut Yum! Brands from a “buy” rating to a “neutral” rating in a research report on Friday, February 10th. Finally, Jefferies Group LLC upped their price objective on Yum! Brands to $66.00 in a research report on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Yum! Brands has a consensus rating of “Hold” and a consensus price target of $82.40.

In other Yum! Brands news, CEO Brian R. Niccol sold 11,938 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $68.17, for a total transaction of $813,813.46. Following the completion of the sale, the chief executive officer now directly owns 36,910 shares in the company, valued at approximately $2,516,154.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.38% of the stock is owned by insiders.

About Yum! Brands

YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM’s segments include The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.

5 Day Chart for NYSE:YUM

Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM).

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