Home Wealth Advisor Intercontinental Wealth Advisors LLC Buys New Holdings in Yum! Brands, Inc. (YUM) – Fairfield Current

Intercontinental Wealth Advisors LLC Buys New Holdings in Yum! Brands, Inc. (YUM) – Fairfield Current

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Intercontinental Wealth Advisors LLC acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,011 shares of the restaurant operator’s stock, valued at approximately $93,000.

A number of other hedge funds have also recently modified their holdings of YUM. Legacy Financial Advisors Inc. raised its stake in Yum! Brands by 5.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,174 shares of the restaurant operator’s stock worth $200,000 after acquiring an additional 117 shares in the last quarter. Stock Yards Bank & Trust Co. increased its stake in shares of Yum! Brands by 0.6% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 20,202 shares of the restaurant operator’s stock valued at $1,857,000 after buying an additional 120 shares in the last quarter. Park National Corp OH increased its stake in shares of Yum! Brands by 3.3% in the fourth quarter. Park National Corp OH now owns 4,677 shares of the restaurant operator’s stock valued at $430,000 after buying an additional 151 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Yum! Brands by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,948 shares of the restaurant operator’s stock valued at $546,000 after buying an additional 165 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A increased its stake in shares of Yum! Brands by 0.7% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 29,220 shares of the restaurant operator’s stock valued at $2,686,000 after buying an additional 200 shares in the last quarter. 72.64% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on YUM. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Monday. BMO Capital Markets raised their target price on Yum! Brands to $100.00 and gave the company a “market perform” rating in a research note on Friday. Robert W. Baird raised their target price on Yum! Brands from $94.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Goldman Sachs Group lowered Yum! Brands from a “neutral” rating to a “sell” rating and lowered their target price for the company from $83.00 to $76.00 in a research note on Friday, January 11th. Finally, Cowen restated a “buy” rating and issued a $100.00 target price on shares of Yum! Brands in a research note on Sunday, December 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $92.64.

In related news, CFO David W. Gibbs sold 19,436 shares of Yum! Brands stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $94.06, for a total value of $1,828,150.16. Following the sale, the chief financial officer now owns 61,554 shares of the company’s stock, valued at approximately $5,789,769.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David W. Gibbs sold 6,391 shares of Yum! Brands stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $88.22, for a total value of $563,814.02. Following the completion of the sale, the chief financial officer now directly owns 39,380 shares in the company, valued at approximately $3,474,103.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,317 shares of company stock worth $3,883,277. Company insiders own 0.63% of the company’s stock.

YUM traded down $0.28 during midday trading on Monday, reaching $94.21. 33,152 shares of the company were exchanged, compared to its average volume of 1,673,805. Yum! Brands, Inc. has a one year low of $76.32 and a one year high of $95.45. The stock has a market cap of $29.58 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 1.96 and a beta of 0.60.

Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.57). Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the business posted $0.96 EPS. Yum! Brands’s quarterly revenue was down 1.2% on a year-over-year basis. Equities analysts expect that Yum! Brands, Inc. will post 3.79 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Thursday, February 14th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 13th. This represents a $1.68 dividend on an annualized basis and a yield of 1.78%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.36. Yum! Brands’s dividend payout ratio (DPR) is 45.43%.

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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.

Featured Story: Book Value Per Share – BVPS

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

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